Honey Market in Japan
In value terms, honey production reached $ in estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of %. Over the period under review, production attained the maximum level at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.
The size of the honey market in Japan declined modestly to $ in , shrinking 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). Over the period under review, the total consumption indicated a prominent increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Over the period under review, the market hit record highs at $ in , and then fell slightly in the following year.