Honey Market Overview in Germany
In value terms, honey production declined to $ in 2019 estimated in export prices. In general, the total production indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the production volume increased by % year-to-year. Germany production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
The value of the honey market in Germany fell significantly to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.