Austria: Honey Market 2024

Honey Market Size in Austria

In 2022, the Austrian honey market increased by 2.9% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Honey Production in Austria

In value terms, honey production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Honey Exports

Exports from Austria

In 2022, exports of honey from Austria reduced to X tons, waning by -8.5% against the previous year's figure. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 25% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, honey exports shrank to $X in 2022. Over the period under review, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2015 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Germany (X tons) and Italy (X tons) were the main destinations of honey exports from Austria, together accounting for 73% of total exports. Hong Kong SAR, the Netherlands, the United States, the Philippines, Saudi Arabia, the United Arab Emirates, Russia, Slovenia and Hungary lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Italy ($X) were the largest markets for honey exported from Austria worldwide, together accounting for 72% of total exports. Hong Kong SAR, Saudi Arabia, the Philippines, the United States, the United Arab Emirates, the Netherlands, Russia, Slovenia and Hungary lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average honey export price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Austria

In 2022, the amount of honey imported into Austria stood at X tons, almost unchanged from 2021 figures. In general, imports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 15% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, honey imports stood at $X in 2022. Overall, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest honey supplier to Austria, accounting for a 26% share of total imports. Moreover, honey imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.4% per year) and Hungary (+0.6% per year).

In value terms, Germany ($X) constituted the largest supplier of honey to Austria, comprising 33% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Hungary, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.2% per year) and Hungary (+2.3% per year).

Import Prices by Country

The average honey import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 an increase of 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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