Honey Market Overview in Kazakhstan
In value terms, honey production shrank sharply to $ in estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. from 2017 to , production growth remained at a lower figure.
The revenue of the honey market in Kazakhstan contracted sharply to $ in , reducing 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, consumption saw a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. from 2017 to , the growth of the market remained at a somewhat lower figure.