Analysis and Prediction of Production Characteristics and Prices of Honey Production in the Vojvodina Region

Abstract

The aim of the research is to establish the state of honey production based on the current production and economic characteristics in order to predict their tendency for the period 2023-2026. The analyzed data refer to the number of beehives, total production, and yields of honey for the period 2006-2021, which were provided by the Statistical Office of the Republic of Serbia. In order to analyze the characteristics of honey production and prices the method of descriptive statistical analysis was applied: arithmetic mean (ẋ), extreme values (min and max), coefficient of variation (CV), and the annual rate of change (r). The analyzed data indicate that total honey production and the number of beehives increased at an average annual rate of 6.09% and 6.27%, respectively, while the yield has declined slightly at an average annual rate of 0.17%. The trend of increasing the number of beehives and total production, and decreasing yields will continue in the prediction period. The purchasing price of honey has a tendency to increase (r=4.97). In 2026, the price is projected to be 5533 euro/ton, which means that the expected price of honey will be higher than the average by 3184 euro/ton.