Belarus: Honey Market 2024

Honey Market Size in Belarus

For the fifth consecutive year, the Belarusian honey market recorded decline in sales value, which decreased by -2.1% to $X in 2022. In general, consumption recorded a perceptible downturn. Honey consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Honey Production in Belarus

In value terms, honey production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Honey Exports

Exports from Belarus

In 2022, after four years of growth, there was significant decline in shipments abroad of honey, when their volume decreased by -46.5% to X tons. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 2,162% against the previous year. The exports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, honey exports contracted notably to $X in 2022. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2016 with an increase of 1,825% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

The United States (X tons) was the main destination for honey exports from Belarus, accounting for a 91% share of total exports. Moreover, honey exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +113.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-5.0% per year) and Japan (+37.3% per year).

In value terms, the United States ($X) remains the key foreign market for honey exports from Belarus, comprising 87% of total exports. The second position in the ranking was held by Russia ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +95.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-7.0% per year) and Japan (+29.9% per year).

Export Prices by Country

The average honey export price stood at $X per ton in 2022, waning by -11.8% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 Ukraine (+34.5%), while the prices for the other major destinations experienced a decline.

Honey Imports

Imports into Belarus

In 2022, supplies from abroad of honey decreased by -22.8% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 98% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, honey imports contracted significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 103% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest honey supplier to Belarus, accounting for a 87% share of total imports. Moreover, honey imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +18.7%.

In value terms, Russia ($X) constituted the largest supplier of honey to Belarus, comprising 86% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +8.5%.

Import Prices by Country

In 2022, the average honey import price amounted to $X per ton, falling by -16.9% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4.5%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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