Honey market in Armenia

Earlier Report Observations

From 2018 to 2023, the Armenian honey market volume experienced moderate fluctuations, staying within a range of 2 100 to 2 250 tons. The market expanded gradually to a high of 2 244 tons in 2022, then declined by 6.6% to 2 096 tons in the following year.

Domestic production provided a stable base, outputting approximately 2 200 tons annually, with only slight reductions to 2 100 tons in 2020 and 2023. This consistency in production helped maintain overall market volume despite changes in trade flows.

Armenia's honey imports rose dramatically from 21 tons in 2018 to over 100 tons in 2022-2023, before falling to 56 tons in 2024. Exports showed greater volatility, ranging from 17 tons in 2019 to 108 tons in 2023, and settling at 80 tons in 2024.

Production honey in Armenia

In kind, 2017-2020, t

Top producers of honey, 2017-2020

World map of production of honey, 2017-2020

Armenia produced 2 100 tons of honey in 2020, marking a 4.5% decrease compared to the previous year. From 2017 to 2020, overall honey production fell by 4.5%, with an average annual decline of 1.5%. The year 2018 saw no change in production levels.

Annual dynamics of production in Armenia in kind, 2017-2020, t

In value, 2017-2020, K $ US

Following two years of growth, honey production in Armenia experienced a downturn. In 2020, the value of honey output reached 14 229 thousand US dollars, reflecting a significant 28.7% drop year-over-year. Over the 2017-2020 period, production value increased by 3.7%, with an average annual growth rate of 1.2%. The highest value was recorded in 2019 at 19 950 thousand US dollars, while 2018 saw the largest increase of 20.6%.

Annual dynamics of production in Armenia in value, 2017-2020, K $ US

Exports honey from Armenia

Exports in kind, kg

After two years of decline, Armenia's honey exports showed an uptick. In 2020, the country exported 18 642 kilograms of honey, representing a modest 7.0% increase from the previous year. Between 2017 and 2020, export volumes decreased by 66.2%, with an average annual decline of 30.4%. The lowest volume was recorded in 2019 at 17 430 kilograms, which also saw the sharpest drop of 49.1%.

Annual dynamics of product's exports from Armenia in kind, 2017-2020, kg

From 2017 to 2020, the United States, Georgia, and Russia were Armenia's primary honey export markets by volume. The United States accounted for 61.0% of exports, Georgia for 16.3%, and Russia for 9.6%. Together, these three countries represented 86.9% of Armenia's total honey exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Armenia in kind, 2017-2020

Exports in value, K $ US

Armenia's honey export value declined for the third consecutive year. In 2020, exports totaled 126.3 thousand US dollars, showing a substantial 20.1% decrease compared to 2019. Between 2017 and 2020, export value fell by 63.3%, equivalent to an average annual decline of 28.4%.

Annual dynamics of product's exports from Armenia in value, 2017-2020, K $ US

During the 2017-2020 period, the leading destinations for Armenia's honey exports by value were the United States, Georgia, and Russia. The United States accounted for 63.0% of export value, Georgia for 9.4%, and Russia for 6.1%. Collectively, these three markets made up 78.5% of Armenia's total honey export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Armenia in value, 2017-2020

Imports honey to Armenia

Imports in kind, kg

Armenia's honey imports grew for the third year in a row. In 2020, imports reached approximately 95 339 kilograms, surging by 287.9% compared to 2019. From 2017 to 2020, import volumes increased by 594.6%, with an average annual growth rate of 90.8%.

Annual dynamics of product's imports to Armenia in kind, 2017-2020, kg

Throughout 2017-2020, Russia was the dominant source for Armenia's honey imports by volume, accounting for 75.4% of total imports. The remaining share was distributed among various smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Armenia in kind, 2017-2020

Imports in value, K $ US

The honey import market in Armenia showed volatility during this period. Imports reached their lowest point in 2017 and peaked in 2020, with a 2.5-fold difference between these years. In 2020, imports amounted to 175.8 thousand US dollars, jumping by 113.5% compared to 2019. The largest decline occurred in 2019, with a 23.9% drop.

Annual dynamics of product's imports to Armenia in value, 2017-2020, K $ US

From 2017 to 2020, Russia, Ukraine, and Italy were the main sources of Armenia's honey imports by value. Russia accounted for 48.3% of import value, Ukraine for 24.6%, and Italy for 3.4%. Together, these three countries represented 76.3% of Armenia's total honey import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Armenia in value, 2017-2020