Honey Market Overview in Argentina
In value terms, honey production totaled $179M in 2010 estimated in export prices. The total output value increased at an average annual rate of +9.5% from 2007 to 2010; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when production volume increased by 39% y-o-y. In that year, honey production reached its peak level of $189M. From 2009 to 2010, honey production growth remained at a somewhat lower figure.
The revenue of the honey market in Argentina amounted to $4.9M in 2010, shrinking by -56.4% 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). Over the period under review, honey consumption, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by 169% against the previous year. Over the period under review, the honey market reached its peak figure level at $11M in 2009, and then declined slightly in the following year.