Honey Market Overview in Argentina
In value terms, honey production reduced modestly to $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Honey production peaked at $ in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.
The revenue of the honey market in Argentina soared to $ in 2018, picking up 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 continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in 2018 and is likely to see gradual growth in the near future.