Honey market in Australia

Earlier Report Observations

The Australian honey market saw significant volatility in its physical volume between 2018 and 2023, with the market size falling to 13 330 t in 2019 before rebounding sharply to a peak of 16 225 t in 2020. This was followed by a contraction in subsequent years, with the market settling at 15 584 t in 2023. In value terms, the market value showed a clear declining trend, contracting from 125.6 mln USD in 2018 to 96.2 mln USD in 2023.

This dynamic was driven by a steady decline in domestic honey production, which fell from 12 419 t to 11 358 t over the period. Concurrently, honey imports experienced a sharp drop in 2019 but then surged and remained elevated, reaching 8 821 t in 2023. Export volumes grew steadily until 2022 before receding in 2023, which increased the net volume of honey available on the domestic market.

Production honey in Australia

In kind, 2018-2021, t

Globally, Australia ranked as the 28th largest honey producer during the period from 2018 to 2021.

Top producers of honey, 2018-2021

World map of production of honey, 2018-2021

Australia's honey production declined for the third year in a row. In 2021, the country produced 11 937 tonnes of honey, marking a 3.0% decrease compared to the previous year. Over the 2018-2021 period, production fell by 3.9%, with an average annual decline of 1.3%.

Annual dynamics of production in Australia in kind, 2018-2021, t

In value, 2018-2021, M $ US

Following two years of growth, Australia's honey production value declined. In 2021, the output was valued at 107.4 million US dollars, representing a sharp drop of 14.0% from 2020. From 2018 to 2021, production value increased by 2.5%, with an average annual growth rate of 0.8%. The highest value was recorded in 2020 at 124.9 million US dollars, while the largest increase occurred in 2019 at 13.0%.

Annual dynamics of production in Australia in value, 2018-2021, M $ US

Exports honey from Australia

Exports in kind, t

Australia's honey exports grew for the second consecutive year. In 2021, exports reached 4 746 tonnes, showing a significant increase of 17.8% year-over-year. Between 2018 and 2021, exports rose by 22.8%, equivalent to an average annual growth rate of 7.1%. The lowest volume was recorded in 2019 at 3 789 tonnes, with the largest decline that year at 1.9%.

Annual dynamics of product's exports from Australia in kind, 2018-2021, t

From 2018 to 2021, the geographical distribution of honey exports by volume was highly diverse. The United States (14.6% of exports), China (12.8%), and Singapore (12.1%) together accounted for just 39.4% of total exports, while the remaining 60.6% was spread across numerous smaller trading partners.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia in kind, 2018-2021

Exports in value, K $ US

Australia's honey export value increased for the third year in a row. In 2021, exports totaled 42 707 thousand US dollars, reflecting a moderate rise of 4.5% compared to the previous year. Between 2018 and 2021, export value grew by 31%, with an average annual increase of 9.4%.

Annual dynamics of product's exports from Australia in value, 2018-2021, K $ US

During 2018-2021, the geographical structure of honey exports by value was highly diversified. China (21.9% of exports), the United States (13.2%), and Singapore (9.3%) together made up only 44.5% of total export value, with the remaining 55.5% distributed among many smaller partner countries.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia in value, 2018-2021

Imports honey to Australia

Imports in kind, t

In 2021, Australia's honey imports amounted to 7 921 tonnes, remaining nearly unchanged from the previous year. From 2018 to 2021, imports increased by 15.2%, with an average annual growth rate of 4.8%. The lowest volume was recorded in 2019 at 4 784 tonnes, while the highest was in 2020 at 7 943 tonnes. The largest decline occurred in 2019 at 30.4%, and the largest increase was in 2020 at 66.0%.

Annual dynamics of product's imports to Australia in kind, 2018-2021, t

Throughout 2018-2021, China (54.1% of imports), New Zealand (22.1%), and Brazil (11.1%) formed the core group for honey imports by volume, together representing 87.3% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia in kind, 2018-2021

Imports in value, K $ US

In 2021, Australia's honey import value was 36 089 thousand US dollars, down by 11.8% from 2020. Between 2018 and 2021, import value decreased by 32.4%, with an average annual decline of 12.2%. The largest drop was recorded in 2019 at 31.4%, while the largest increase occurred in 2020 at 11.7%.

Annual dynamics of product's imports to Australia in value, 2018-2021, K $ US

From 2018 to 2021, New Zealand and China together accounted for 87.5% of Australia's honey import value, with other countries forming a diverse but less significant portion of imports.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia in value, 2018-2021