Kenya: Honey Market 2024

Honey Market Size in Kenya

The Kenyan honey market expanded slightly to $X in 2022, surging by 3.3% against the previous year. Overall, consumption enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Honey Production in Kenya

In value terms, honey production expanded rapidly to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 315%. Honey production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Honey Exports

Exports from Kenya

In 2022, approx. X tons of honey were exported from Kenya; with an increase of 15% against the previous year. In general, exports, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 13,859%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, honey exports declined markedly to $X in 2022. Over the period under review, exports, however, faced a significant curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 23,370% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Djibouti (X kg), Somalia (X kg) and Uganda (X kg) were the main destinations of honey exports from Kenya, together accounting for 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Djibouti (with a CAGR of +5.9%), while shipments for the other leaders experienced a decline.

In value terms, Djibouti ($X) remains the key foreign market for honey exports from Kenya, comprising 35% of total exports. The second position in the ranking was held by Somalia ($X), with a 17% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Djibouti totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (-6.8% per year) and the United States (-40.4% per year).

Export Prices by Country

The average honey export price stood at $X per ton in 2022, with a decrease of -26.5% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 68% against the previous year. The export price peaked at $X per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 United States (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Kenya

In 2022, imports of honey into Kenya declined notably to X tons, which is down by -30.7% compared with 2021. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 147%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, honey imports reduced rapidly to $X in 2022. Over the period under review, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Tanzania (X tons), Egypt (X tons) and the United Arab Emirates (X tons) were the main suppliers of honey imports to Kenya, with a combined 75% share of total imports. China, Iran, Singapore, Australia and Thailand lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of honey to Kenya, comprising 46% of total imports. The second position in the ranking was taken by Australia ($X), with an 11% share of total imports. It was followed by Tanzania, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Egypt amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-0.6% per year) and Tanzania (+8.6% per year).

Import Prices by Country

The average honey import price stood at $X per ton in 2022, rising by 13% against the previous year. In general, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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