Tuesday, July 10, 2018

Honey is Being Increasingly Imported


Domestic production of honey is significantly exceeded by the amount of honey imported into the United States each year. Since 2006, more than half of all honey supplied in the United States was imported, and that number reached 70 percent in 2017. This represents the highest import level on record, continuing the longer term trend of a growing share of honey supplies coming from foreign sources. The largest foreign source of honey in 2017 was India, outpacing Vietnam and Argentina, the second and third leading sources, respectively. Although U.S. honey imports were recorded for many different countries in 2017, the top five foreign suppliers (Vietnam, Argentina, India, Brazil, and Ukraine) accounted for 77 percent of total imports. While imports have risen in quantity as well as in share of supply, national average honey prices for domestic honey remain high. In 2017, wholesale prices averaged 215.6 cents per pound, just below the 2014 record of 216.1 and more than twice as high as prices in the mid-2000s.

Source: USDA

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