Report Update Nov 1, 2024

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

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Brazil: Honey Market 2024

Honey Market Size in Brazil

In 2022, the Brazilian honey market increased by 101% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Honey Production in Brazil

In value terms, honey production expanded to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 27%. Honey production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Honey Exports

Exports from Brazil

After six years of growth, overseas shipments of honey decreased by -21.8% to X tons in 2022. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 56% against the previous year. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, honey exports contracted remarkably to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for honey exports from Brazil, with a 76% share of total exports. Moreover, honey exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was taken by Canada (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.2% per year) and Canada (+21.5% per year).

In value terms, the United States ($X) remains the key foreign market for honey exports from Brazil, comprising 76% of total exports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total exports. It was followed by Canada, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.0% per year) and Canada (+23.1% per year).

Export Prices by Country

The average honey export price stood at $X per ton in 2022, surging by 8% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, honey export price increased by +73.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Brazil

For the fourth consecutive year, Brazil recorded decline in supplies from abroad of honey, which decreased by -99.6% to X kg in 2022. Over the period under review, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of 37,115% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, honey imports shrank sharply to $X in 2022. Overall, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 19,461% 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

In 2022, Italy (X kg) was the main supplier of honey to Brazil, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -42.0%.

In value terms, Italy ($X) constituted the largest supplier of honey to Brazil.

From 2012 to 2022, the average annual growth rate of value from Italy totaled -46.2%.

Import Prices by Country

In 2022, the average honey import price amounted to $X per ton, increasing by 31% against the previous year. Over the period under review, the import price showed resilient growth. The growth pace was the most rapid in 2015 when the average import price increased by 124%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +3,660.7% per year.

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, together accounting for 42% 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?

China remains the largest honey producing country worldwide, accounting for 25% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey, fourfold. Ukraine ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of honey to Brazil?

In value terms, Italy $894) constituted the largest supplier of honey to Brazil.

What are the leading importers of honey from Brazil?

In value terms, the United States remains the key foreign market for honey exports from Brazil, comprising 72% of total exports. The second position in the ranking was occupied by Germany, with a 13% share of total exports. It was followed by Canada, with a 4.3% share.

What is the average export price for honey in Brazil?

The average honey export price stood at $2,234 per ton in 2021, surging by 3.6% against the previous year.

What is the average import price for honey in Brazil?

In 2021, the average honey import price amounted to $5,451 per ton, falling by -66.1% against the previous year.

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

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
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