Honey Market in the United States
In value terms, honey production stood at $ in . Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by %. As a result, production attained the peak level of $. From 2015 to , production growth remained at a somewhat lower figure.
The revenue of the honey market in the United States surged to $ in , growing 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). Overall, 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. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain momentum.