Honey Market Overview in Japan
In value terms, honey production declined to $ in 2018 estimated in export prices. In general, production showed a modest expansion. The pace of growth was the most pronounced in 2008 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level at $ in 2014; however, from 2015 to 2018, production remained at a lower figure.
The value of the honey market in Japan reached $ in 2018, with an increase of % 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, the total consumption indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption decreased by -% against 2016 indices. The growth pace was the most rapid in 2016 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2018, the growth of the market failed to regain the momentum.