Between 2014 and 2023, honey production in Australia displayed a downward trend from 13.0 thousand metric tons to 11.0 thousand metric tons. There were years without growth (2015, 2016, 2017, 2019, 2022, and 2023) and notable decreases in 2015 and 2018, showing a -7.69% and -8.33% year-on-year drop respectively. The industry saw a temporary recovery with a 5.26% rise in 2021. However, the overall Compound Annual Growth Rate (CAGR) from 2019 to 2023 indicates a stagnation at -1.73%.
Looking forward, forecasted data suggests a continued decline, with honey production projected to reach 10.41 thousand metric tons by 2028. The projected 5-year CAGR is -0.79%, indicating a slow yet continuous decrease in output. This forecasted trend corresponds to a 3.88% drop in total production from 2024 to 2028.
Future trends to watch for include the impact of climate change on bee populations and flora, advancements in beekeeping technologies and pest management, as well as any potential policy interventions aimed at supporting the honey production industry in Australia.
