Key Market Indicators
Thailand's honey consumption is set to reach zero thousand metric tons in 2021, a dramatic decrease from the zero thousand metric tons reported in 2020. Since 2017, Thai demand has declined by 100% year on year. In 2021, Thailand was ranked 103rd in honey consumption, while Ivory Coast overtook it with zero thousand metric tons. The United States, Germany and Iran placed at numbers 2, 3 and 4, respectively. Thailand's honey production is projected to reach 14,490 metric tons by 2026, up from 12,660 metric tons in 2021. This growth is estimated at a CAGR of 2.3% year on year. Since 1984, Thai supply has grown 4.8% year on year. In 2021, Thailand was ranked 28th in honey production, while Uzbekistan came in at 12,660 metric tons. Canada, Argentina and Iran placed at numbers 2, 3 and 4, respectively.
