Turkmenistan: Honey Market 2020

Honey Market Size in Turkmenistan

The revenue of the honey market in Turkmenistan amounted to $X in 2018, remaining constant against the previous year. In general, honey consumption continues to indicate a measured deduction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Turkmenistan honey consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Honey Production in Turkmenistan

In value terms, honey production amounted to $X in 2018 estimated in export prices. Over the period under review, honey production continues to indicate a moderate curtailment. The growth pace was the most rapid in 2011 when production volume increased by X% against the previous year. Over the period under review, honey production reached its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Honey Exports

Exports from Turkmenistan

In 2018, approx. X kg of honey were exported from Turkmenistan; going up by X% against the previous year. Overall, the total exports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey exports increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, honey exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, honey exports totaled $X in 2018. Over the period under review, the total exports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey exports increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, honey exports attained their peak and are likely to continue 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) represented the main exporters of honey, together committing X% of total exports. Brazil (X tons), Germany (X tons), Hungary (X tons), Spain (X tons), Belgium (X tons) and Canada (X tons) took a little share 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 Turkmenistan were China ($X), Argentina ($X) and Ukraine ($X), with a combined X% share of total exports.

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

Export Prices by Country

The honey export price in Turkmenistan stood at $X per ton in 2018, going up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the export price increased by X% y-o-y. In that year, the export prices for honey reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Turkmenistan

In 2018, approx. X tons of honey were imported into Turkmenistan; increasing by X% against the previous year. Overall, honey imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, honey imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, honey imports totaled $X in 2018. Overall, honey imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Turkmenistan imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

The U.S. represented the largest importer of honey in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2018. Germany (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the UK (X%), Japan (X%), France (X%) and Spain (X%). Italy (X tons), Poland (X tons), Belgium (X tons), Saudi Arabia (X tons), China (X tons) and the Netherlands (X tons) held a relatively small share 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. From 2007 to 2018, the share of the U.S., Poland, Spain, the UK, Italy, Belgium, China and France increased by +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest honey importing markets into Turkmenistan were the U.S. ($X), Germany ($X) and Japan ($X), with a combined X% share of total imports. These countries were followed by France, the UK, Italy, China, Spain, Saudi Arabia, Belgium, Poland, the Netherlands and Turkmenistan, which together accounted for a further X the main importing countries, China recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the honey import price in Turkmenistan amounted to $X per ton, approximately equating the previous year. Overall, the honey import price continues to indicate slight growth. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, the import prices for honey attained their peak figure at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat 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