The income of Ukrainian honey exporters largely depends on price dynamics

Published 2024년 5월 3일

Tridge summary

In 2023, Ukraine saw a 15% increase in honey exports but an 11% decrease in revenue due to a drop in average export price. The European Union continued to be the primary market, accounting for 92% of purchases. However, the first quarter of 2024 showed positive dynamics with a 93% increase in sales volume and a further decrease in price. The Ukrainian Agricultural Export Association is focusing on expanding honey sales to traditional importers like the USA, Canada, Saudi Arabia, Japan, and the UAE, as there is potential for growth in these markets. There is concern about the possibility of the European Union imposing restrictive measures on Ukrainian honey imports, including the potential for tariff quotas, from June 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, Ukraine increased the quantitative volume of honey exports by 15% (to more than 55 thousand tons), but the revenue decreased by 11% and amounted to a little more than 121 million dollars in the end. This situation arose due to a decrease in the average export price of Ukrainian honey from USD 2,853/t in 2022 to USD 2,193/t in 2023. This was reported by the press service of the Ukrainian Agricultural Export Association. Last year, traditionally the main foreign market for this sweet beekeeping product was the European Union, which made purchases in the amount of 112 million dollars. (92% of the total). The largest volumes of sales were made to Germany (14.1 thousand tons), Poland (8.8 thousand tons), France (5.9 thousand tons), Spain (3.3 thousand tons), Italy (3, 2 thousand tons), Greece (2.8 thousand tons) and Romania (2.6 thousand tons). Ukrainian honey was also present in other regional markets, in particular in the USA, Turkey, Great Britain, Japan, Switzerland, ...

Source: Agrotimes