Honey Market Overview in Singapore
The value of the honey market in Singapore contracted dramatically to $ in 2019, dropping 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, however, recorded prominent growth. The growth pace was the most rapid in 2009 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.