The honey import volume in Australia is forecasted to remain stable at 7.0 thousand metric tons annually from 2024 to 2027, followed by a decrease to 6.0 thousand metric tons in 2028. In 2023, the actual honey import volume stood at 7.0 thousand metric tons. The year-on-year variation remains constant at -14.29% in 2028, indicative of a stable trend from 2024 to 2027 and a forecasted downturn. Over the last five years, this results in a CAGR of -3.10%, showing an overall downward trend in honey imports.
Future trends to watch for include potential impacts of climate change, changes in domestic honey production, trade policies, and consumer demand shifts towards locally sourced or alternative sweeteners, which could influence the future volume of honey imports into Australia. Shifts in global honey supply chains and international trade agreements may also play a critical role.
