What is the price of natural honey per kilogram/pound in Madagascar today?
The retail price range for Madagascar natural honey is between US$ 23.67 and US$ 57.19 per kilogram or between US$ 10.73 and US$ 25.94 per pound(lb). Click here to see today's exact prices of natural honey in Madagascar
The retail price range in Malagasy Ariary for natural honey is between MGA 104,718.58 and MGA 253,069.91 per kilogram or between MGA 47,491.42 and MGA 114,770.93 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar natural honey is between US$ 16.57 and US$ 40.04 per kilogram or between US$ 7.51 and US$ 18.16 per pound(lb).
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Madagascar Natural Honey Export Prices - Historical, Trends and Prediction
The export price of Natural Honey from Madagascar over the last five years has been quite varied. In 2017, the price was $1.80 per kg, which was the lowest in the last five years. In 2018, the price increased to $3.75 per kg, the highest in the last five years. In 2019, the price dropped to $2.75 per kg, and in 2020, the price decreased further to $2.22 per kg. In 2021, the price rose to $2.80 per kg, and in 2022, the price was $2.56 per kg. Based on this data, it is likely that the export price of Natural Honey from Madagascar in 2023 will be around $2.60 per kg, and in 2024, the price will be around $2.70 per kg.The natural honey exports from Madagascar are classified as:
- Natural honey (HS code 040900)
Madagascar Natural Honey Import Prices - Historical, Trends and Prediction
The import price per kilogram of Natural Honey into Madagascar over the last five years has been quite varied. In 2017, the price was at its lowest at $1.80, before increasing to $4.12 in 2014. Since then, the price has been on a downward trend, with the price in 2020 being $2.22. This year, the price has increased slightly to $2.80. Looking ahead, it is likely that the price of Natural Honey will remain relatively stable, with an estimated price of $2.56 in 2022 and $2.63 in 2023. In 2024, the price is expected to increase slightly to $2.75.Export values for Madagascar natural honey
The total values in export for natural honey in Madagascar were US$ 150, US$ 106, US$ 349 and US$ 239 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of natural honey in other countries across Africa: Algeria natural honey, Angola natural honey, Botswana natural honey, Burundi natural honey, Cameroon natural honey, Cape Verde natural honey, Central African Republic natural honey, Comoros natural honey, DRC Congo natural honey & Benin natural honey.
Madagascar natural honey - Production, Exports, Imports, Seasons and HS Codes
The quantity of natural honey shipped by Madagascar in 2020 was 102 tons. In 2019 Madagascar sold 87 tonnes of natural honey. Across 2019 alone, the market for Madagascar natural honey (processed category) has gone down, with a change of -6.452 per cent compared to the year 2018. Between 2017 and 2019, natural honey's exports grew by 47.46 percent earning Madagascar US$0.24m for the year 2019. Madagascar's natural honey exports are classified as:
- Natural honey (HS code 040900)
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Madagascar natural honey export values
In 2019, Madagascar supplied natural honey costing 0.24m USD, a reduction of -31.23% from 2018's total natural honey export of 0.349m USD. The annual change in value of Madagascar natural honey between 2017 to 2018 was 229.245 percent.
The annual/yearly change in the volume of Madagascar's natural honey exports between 2017 and 2019 was 47.46 pc when compared to a variation of -6.452% in the growth rate between 2018 and 2019.
Madagascar's portion of the world's total natural honey's exports in 2019 was less than 1%. The country holds number 41 in world exports of natural honey.
Export markets for Madagascar natural honey ( in '000$ )
Madagascar's leading export markets for natural honey are Comoros, Belgium, France, Mauritius and United Arab Emirates (UAE).
Import/Export Trends
Madagascar is a net exporter of natural honey. The annual growth of Madagascar natural honey in value between 2015 to 2019 was -57%, per annum, while annual growth in quantity for the same period was -61%, per annum.
Madagascar bought 5 tonnes of natural honey in 2019.