Report Update Nov 1, 2024

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

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Venezuela: Honey Market 2024

Honey Market Size in Venezuela

The Venezuelan honey market reached $X in 2022, surging by 1.7% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.4% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Honey Production in Venezuela

In value terms, honey production reached $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The growth pace was the most rapid in 2013 when the production volume increased by 81%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Honey Exports

Exports from Venezuela

In 2019, honey exports from Venezuela amounted to X kg, approximately equating the year before. In general, exports saw a significant curtailment. The smallest decline of -19.4% was in 2015. The exports peaked at X kg in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, honey exports amounted to $X in 2019. Overall, exports showed a deep downturn. The smallest decline of -15.7% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for honey exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Panama was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

In 2019, the average honey export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2013 an increase of 105% against the previous year. Over the period under review, the average export prices attained the maximum in 2019 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2019, the rate of growth in terms of prices for Aruba amounted to +1.9% per year.

Honey Imports

Imports into Venezuela

In 2022, purchases abroad of honey was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 310% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, honey imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 315%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Panama (X tons) and Turkey (X tons) were the main suppliers of honey imports to Venezuela, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), the United States ($X) and Austria ($X) constituted the largest honey suppliers to Venezuela, together comprising 73% of total imports. Turkey, Spain and Mexico lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Turkey, with a CAGR of +78.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average honey import price stood at $X per ton in 2022, rising by 16% against the previous year. In general, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+44.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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. Iran, Germany, Russia, the UK, Japan, France, Canada, Poland, Spain and Mexico lagged somewhat behind, together comprising 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 Venezuela?

In value terms, the United States, Austria and Turkey appeared to be the largest honey suppliers to Venezuela, with a combined 74% share of total imports.

What are the leading importers of honey from Venezuela?

In value terms, Aruba remains the key foreign market for honey exports from Venezuela.

What is the average export price for honey in Venezuela?

In 2017, the average honey export price amounted to $1,120 per ton, with an increase of 2.6% against the previous year.

What is the average import price for honey in Venezuela?

In 2021, the average honey import price amounted to $2,469 per ton, flattening at the previous year.

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

Venezuela

Data coverage:

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