
South Africa - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Market in South Africa to Reach 3.5K Tons by 2025
IndexBox has just published a new report "South Africa: Honey - Market Report. Analysis And Forecast To 2025". Here is a summary of the report's key findings.
Honey Consumption in South Africa Soared in the Last Year due to Increasing Supply of Cheap Honey from China
In 2016, the honey market surged to X tons, which was X tons (or X%) more than the year before. In value terms, it reached $X. From 2007 to 2016, the honey market in South Africa demonstrated an overall upward trend with some wild fluctuations, growing by +X% per year in physical terms and by +X% in value terms (IndexBox estimates). The honey consumption volume increased due to the inflow of a large amount of honey from China. On the one hand, cheap imports from China stimulate consumption, but on the other hand, a sharp increase in shipments from this country may be short-lived.
Honey Market Is Expected to Reach X Tons by 2025
As per capita honey consumption in South Africa remains below the world average and significantly below some African countries, the South African market is still far from saturation. Moreover, honey can be consumed not only as a final consumption product, but also used for the production of food products, medicine and cosmetics.
Due to the modest forecast growth of the South African economy at + X% per annum, the income of the population in general will also grow at a minimal rate, which suggests very modest opportunities for growth in demand for honey, keeping in mind that honey is not a necessity product.
Thus, according to forecasts, the honey market is expected to grow with an anticipated CAGR of +X% for the period between 2017 and 2025, which will bring the market volume to X tons by 2025.
Honey Output in South Africa Remains Relatively Flat
Production of honey in South Africa accounted for X tons in 2016, remaining relatively stable over the period under review. In value terms, it stood at $X, with a X% growth over the last year. Previously, it had an upward trend from 2009 to 2012 and then declined marginally over the next three years, before a sharp growth.
X% of Honey Consumption in South Africa Was Provided by Imports from China
South Africa has actively increased the volume of imports, which is cheaper than domestic products. This increased the share of imports in consumption from X% to X% in physical terms, or from X% to X% in value terms. Moreover, since the volume of domestic production is fairly stable, the main growth in consumption could be explained by the increase in imports. Thus, the honey market in South Africa is heavily dependent on imports, especially from Chinese suppliers, who have captured X% of the honey market in South Africa.
Honey Exports from South Africa Remains Small and Fluctuate Significantly
In 2016, the volume of exports from South Africa totalled X tons, which was equal to $X, with a mixed trend pattern over the last few years. Namibia (X tons) and Botswana (X tons) were the main export destinations of honey from South Africa, with a combined share of X% of global exports. They were followed by Lesotho (X%), Mozambique (X%), Hong Kong (X%), Sri Lanka (X%) and the UAE (X%). During the period under review, South Africa consistently exported honey only to Mozambique, with the exports volumes gradually increasing. Increase in exports is also typical for other countries, however, most of the exports began after 2010.
China Was the Main Supplier of Honey into South Africa
The volume of imports into South Africa surged by X% totalling X tons in 2016. In value terms, it amounted to $X with X% over the last year. There was an overall upward trend of imports in physical and value terms.
In 2016, China (X tons), distantly followed by Zambia (X tons), the U.S. (X tons), Uruguay (X tons) and New Zealand (X tons) were the leading suppliers of honey imports into South Africa. From 2007 to 2016, the major suppliers China (+X% per year), Zambia (+X%), the U.S. (+X%) and Uruguay (+X% per year) gained a positive annual growth rates. The share of China increased significantly from X% in 2007 to X% in 2016; the share of Zambia (+X percentage points) also demonstrated growth, while Brazil reduced its share by X percentage points. The shares of the other countries remained relatively stable throughout the analysed period.
Do you want to know more about the honey market in South Africa? Get the latest trends and insight from our report. It includes a wide range of statistics on
- honey market share
- honey prices
- honey industry
- honey sales
- honey import
- honey export
- honey market forecast
- honey price forecast
This report provides an in-depth analysis of the honey market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1182 - Honey
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024