Italy: Honey Market 2024

Honey Market Size in Italy

The Italian honey market rose notably to $X in 2022, with an increase of 12% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.8% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Honey Production in Italy

In value terms, honey production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Honey Exports

Exports from Italy

In 2022, exports of honey from Italy declined significantly to X tons, falling by -31.6% against the previous year. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 125%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, honey exports shrank significantly to $X in 2022. Over the period under review, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 when exports increased by 54%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Germany (X tons) and France (X tons) were the main destinations of honey exports from Italy, together accounting for 59% of total exports. The UK, Spain, Romania, the United States, Belgium, Finland, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +30.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for honey exported from Italy were Germany ($X), France ($X) and Ireland ($X), together comprising 50% of total exports. The UK, the United States, Switzerland, Spain, the Netherlands, Belgium, Romania and Finland lagged somewhat behind, together comprising a further 35%.

Romania, with a CAGR of +16.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average honey export price stood at $X per ton in 2022, increasing by 10% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Romania ($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 the UK (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Italy

In 2022, purchases abroad of honey increased by 14% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, honey imports shrank to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 34%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of honey to Italy, with a 31% share of total imports. Moreover, honey imports from Hungary exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+9.9% per year) and Ukraine (+33.0% per year).

In value terms, Hungary ($X) constituted the largest supplier of honey to Italy, comprising 35% of total imports. The second position in the ranking was held by Romania ($X), with a 15% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from Hungary amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+12.0% per year) and Spain (+10.4% per year).

Import Prices by Country

In 2022, the average honey import price amounted to $X per ton, falling by -13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform

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