How to Export Honey from India
Honey has been an integral part of Indian culture for centuries, featuring prominently in traditional remedies, Ayurveda, and daily consumption. Not only is it cherished in Indian households, but it also holds significant religious importance, being one of the five foods offered to Hindu devotees as per Sanatana Dharma. This deep-rooted tradition, combined with the global demand for natural and health-conscious products, positions India as a major player in the honey export market.
As of 2020–21, India's honey exports were valued at US$96.77 million, reflecting the burgeoning potential of this sector. This comprehensive blog explores the opportunities for honey export from India, the leading exporters, and the updated honey HS codes.
Why Start the Honey Export Business in 2024?
India's agricultural heritage and the global demand for honey make starting a honey export business in 2024 a lucrative opportunity. The trend towards natural sweeteners over sugar and artificial substitutes is driving the demand for honey worldwide. Consumers are increasingly health-conscious, and willing to pay a premium for high-quality, natural products like honey.
India, being the world's sixth-largest honey exporter, stands to benefit significantly from these global trends. The unique qualities of Indian honey, coupled with rising international demand, make 2024 an opportune year to enter the honey export business. However, success in this venture requires careful preparation, market research, and an understanding of export data.
How Much Honey is Exported from India?
India's honey exports have shown a steady increase in recent years. In the fiscal year 2022-23, India exported 79,929.17 metric tonnes (MT) of honey, valued at over US$203 million. This marked an increase from the previous year, where 74,413.05 MT of natural honey worth $163.77 million were exported. The export value further rose to $190.06 million by February 2023.
India ranks as the seventh largest producer and exporter of honey globally. In 2021-22, an estimated 133,200 metric tons of honey were produced in India. The domestic honey market was valued at Rs 23.3 billion in 2022 and is projected to grow at an 8.4% CAGR, reaching Rs 38.8 billion by 2028.
Honey Export from India: Top Export Destinations
Indian honey enjoys significant demand in several international markets. The top destinations for Indian honey exports are:
United States: The US is the largest importer of Indian honey, accounting for nearly 80% of exports in some years. The demand for high-quality honey varieties is growing rapidly in the US market.
Saudi Arabia: Saudi Arabia is another key market, with a preference for lighter-colored honey.
United Arab Emirates: The UAE is a rising market for Indian honey, driven by factors such as a growing population and increasing disposable income.
Bangladesh: Indian honey is in high demand in Bangladesh due to its low price and perceived health benefits.
Canada: With a rising preference for honey, Canada represents a developed market where Indian honey can meet the demand.
These markets highlight the thriving export potential for Indian honey, with the United States leading by a significant margin. In the fiscal year 2020-21, 59,999 metric tonnes of natural honey worth Rs. 716 crore (US$96.77 million) were exported from India, with 44,881 MT going to the United States alone.
Top Honey Exporting Countries in 2023
The global honey export market is dominated by a few key players. In 2023, the top honey exporting countries were:
New Zealand: $38.99 billion
Argentina: $37.11 billion
China emerged as the leading honey exporter, capturing a significant share of the global market. The total value of honey exports in 2023 was $2.68 billion.
How to Export Honey from India?
Establishing an export honey from India involves several key steps and documentation requirements. Here is a detailed guide to get started:
Business Registration: The first step is to register your business with the Ministry of Corporate Affairs (MCA). Choose the appropriate business structure and comply with the necessary legal requirements, including tax registrations such as GST and FSSAI.
Market Research: Conduct thorough market research to understand the demand, competition, and regulatory requirements in target markets. Platforms like ExportImportData.in can provide valuable insights and data to help analyze market trends and opportunities.
Identify Top Exporters: Some top honey exporters in India include Royal Bee Honey, Dabur Honey, FOREVER Bee Honey, Himalaya Honey, Patanjali Honey, Zandu Honey, Apis Honey, and Nature's Gift Honey. Knowing the key players can help in benchmarking and strategizing.
Find Buyers and Distributors: Identifying potential buyers or distributors is crucial. Utilize market research websites and data-driven platforms like ExportImportData.in to find reliable trading partners and obtain updated statistics.
Documentation and Compliance: Ensure you have all necessary documents, including an export license, certificate of origin, FSSAI food license, and any other relevant certifications. Compliance with the Food Safety and Standards Authority of India (FSSAI) and other regulatory bodies is essential.
The honey export sector in India is poised for significant growth in 2024, with major markets like the United States, Saudi Arabia, UAE, Bangladesh, and Canada driving demand. Successful entry into this market requires meticulous planning, adherence to regulatory requirements, and comprehensive market research.
By leveraging updated market insights and data, Indian honey exporters can tap into the burgeoning global market and elevate their businesses. For further information and detailed analysis, platforms like ExportImportData.in offer invaluable resources to help navigate the complexities of the honey export industry.
In conclusion, the potential for honey export from India is immense. With the right strategies and a deep understanding of market dynamics, entrepreneurs can capitalize on this growing sector and achieve significant success in 2024 and beyond.
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