Report Update Nov 1, 2024

Angola - Honey - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Honey Market 2024

Honey Market Size in Angola

The Angolan honey market stood at $X in 2022, remaining constant against the previous year. Overall, consumption saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 3.9%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Honey Production in Angola

In value terms, honey production rose significantly to $X in 2022 estimated in export price. Overall, production faced a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. Honey production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Honey Exports

Exports from Angola

In 2022, exports of honey from Angola reduced notably to X kg, with a decrease of -25% compared with the previous year's figure. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2015 when exports increased by 1,995%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, honey exports reduced to $X in 2022. Over the period under review, exports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 865%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Luxembourg (X kg) was the main destination for honey exports from Angola, with a 90% share of total exports. Moreover, honey exports to Luxembourg exceeded the volume sent to the second major destination, Portugal (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg was relatively modest.

In value terms, Luxembourg ($X) emerged as the key foreign market for honey exports from Angola, comprising 88% of total exports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Luxembourg was relatively modest.

Export Prices by Country

The average honey export price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 54%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Luxembourg stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+73.0%), while the prices for the other major destinations experienced mixed trend patterns.

Honey Imports

Imports into Angola

In 2022, the amount of honey imported into Angola declined notably to X tons, waning by -28.7% compared with 2021 figures. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 161% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, honey imports fell significantly to $X in 2022. Over the period under review, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 187% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X tons), Switzerland (X tons) and the United States (X tons) were the main suppliers of honey imports to Angola, with a combined 84% share of total imports. Brazil, Italy, Spain, Belgium and South Africa lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +5.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) constituted the largest supplier of honey to Angola, comprising 60% of total imports. The second position in the ranking was taken by Portugal ($X), with a 25% share of total imports. It was followed by the United States, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-28.7% per year) and the United States (-18.8% per year).

Import Prices by Country

The average honey import price stood at $X per ton in 2022, waning by -5.4% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of 12% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honey in the world?

The countries with the highest volumes of honey consumption in 2021 were China, the United States and Turkey, with a combined 42% share of global consumption. These countries were followed by Iran, Germany, Russia, the UK, Japan, France, Canada, Poland, Spain and Mexico, which together accounted for a further 26%.

What are the largest producers of honey in the world?

The country with the largest volume of honey production was China, accounting for 25% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey, fourfold. The third position in this ranking was occupied by Ukraine, with a 4.4% share.

What are the leading suppliers of honey to Angola?

In value terms, Switzerland, Portugal and the United States appeared to be the largest honey suppliers to Angola, with a combined 92% share of total imports.

What is the average export price for honey in Angola?

In 2021, the average honey export price amounted to $2,757 per ton, approximately mirroring the previous year.

What is the average import price for honey in Angola?

The average honey import price stood at $6,053 per ton in 2021, growing by 5.9% against the previous year.

This report provides an in-depth analysis of the honey market in Angola. 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:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023