Guinea-Bissau: Honey Market 2020

Honey Market Size in Guinea-Bissau

The revenue of the honey market in Guinea-Bissau amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, the total market indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, the honey market reached its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Honey Production in Guinea-Bissau

In value terms, honey production totaled $X in 2018 estimated in export prices. In general, honey production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. Over the period under review, honey production attained its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Honey Exports

Exports from Guinea-Bissau

In 2018, approx. X kg of honey were exported from Guinea-Bissau; lowering by -X% against the previous year. Over the period under review, honey exports continue to indicate a drastic slump. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Guinea-Bissau exports peaked at X kg in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, honey exports totaled $X in 2018. In general, honey exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Over the period under review, honey exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, China (X tons), distantly followed by Ukraine (X tons), Argentina (X tons), India (X tons), Vietnam (X tons) and Mexico (X tons) were the largest exporters of honey, together constituting X% of total exports. The following exporters - Brazil (X tons), Germany (X tons), Hungary (X tons), Spain (X tons), Belgium (X tons) and Canada (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the largest honey markets from Guinea-Bissau were China ($X), Argentina ($X) and Ukraine ($X), with a combined X% share of total exports.

Ukraine experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the honey export price in Guinea-Bissau amounted to $X per ton, rising by X% against the previous year. In general, the honey export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2011 when the export price increased by X% against the previous year. In that year, the export prices for honey attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the export prices for honey remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Honey Imports

Imports into Guinea-Bissau

In 2018, the amount of honey imported into Guinea-Bissau totaled X kg, coming down by -X% against the previous year. Overall, honey imports continue to indicate a slight drop. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Guinea-Bissau imports peaked at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, honey imports amounted to $X in 2018. In general, honey imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Guinea-Bissau imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons) was the major importer of honey, creating X% of total imports. Germany (X tons) occupied the second position in the ranking, followed by the UK (X tons), Japan (X tons), France (X tons) and Spain (X tons). All these countries together took approx. X% share of total imports. The following importers - Italy (X tons), Poland (X tons), Belgium (X tons), Saudi Arabia (X tons), China (X tons) and the Netherlands (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to honey imports into the U.S. stood at +X%. At the same time, China (+X%), Poland (+X%), Belgium (+X%), Spain (+X%), Italy (+X%), Saudi Arabia (+X%), the Netherlands (+X%), the UK (+X%), France (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Poland (+X p.p.), Spain (+X p.p.), the UK (+X p.p.), Italy (+X p.p.), Belgium (+X p.p.), China (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global imports, while Germany saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest honey importing markets into Guinea-Bissau were the U.S. ($X), Germany ($X) and Japan ($X), with a combined X% share of total imports. France, the UK, Italy, China, Spain, Saudi Arabia, Belgium, Poland, the Netherlands and Guinea-Bissau lagged somewhat behind, together comprising a further X the main importing countries, China recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The honey import price in Guinea-Bissau stood at $X per ton in 2018, going up by X% against the previous year. In general, the honey import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Guinea-Bissau import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform