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Blog → Food Products → Other Food Products → Manuka
Turkey - Manuka - Market Analysis, Forecast, Size, Trends and Insights
Latest Report Update: May 26, 2023

Turkey - Manuka - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 26, 2023

Manuka Price in Turkey Increases Notably to $3,076 per Ton

Turkey Manuka Export Price in January 2023

In January 2023, the manuka price stood at $3,076 per ton (FOB, Turkey), increasing by 9.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in June 2022 when the average export price increased by 30% m-o-m. As a result, the export price attained the peak level of $3,098 per ton; afterwards, it flattened through to January 2023.

There were significant differences in the average prices for the major overseas markets. In January 2023, the country with the highest price was Germany ($6,170 per ton), while the average price for exports to Bulgaria ($1,830 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Manuka in Turkey (USD per ton)
Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Germany5,5174,6004,5395,2203,3904,2773,2863,5303,5294,2103,7676,4576,170
Saudi Arabia6,3918,6005,4866,4292,5006,0006,5429,3485,7609,6678,1708,9655,522
United Kingdom7,6203,1717,1084,09417,9164,1781,9772,0093,8892,6183,9785,7284,410
Spain1,7571,8192,1101,8103,5113,510< 0.12,5882,8172,7423,2672,2493,656
United States2,2003,1442,6322,7691,9032,6842,2682,4022,6282,4312,4212,4593,134
Israel2,0722,0922,0664,500< 0.1< 0.1< 0.11,798< 0.12,4163,1302,3132,659
Bosnia and Herzegovina1,6792,2772,312< 0.12,4172,0103,000< 0.18,4202,1567,336< 0.12,205
Poland2,1001,5791,6261,6281,8601,6071,5271,7881,7091,763< 0.11,9481,870
Italy1,9091,6011,5931,6021,5501,9623,0001,7316,6671,8271,8371,9861,839
Bulgaria2,0002,8001,5371,6911,6401,6711,6751,6191,7331,5901,6751,6921,830
Average2,4632,5342,5442,8412,3813,0982,3692,5052,7562,6762,9952,8023,076

Turkey Manuka Exports

Manuka exports from Turkey shrank markedly to 1.1K tons in January 2023, reducing by -33.6% on December 2022. Over the period under review, exports saw a pronounced setback. The pace of growth appeared the most rapid in August 2022 when exports increased by 56% against the previous month.

In value terms, manuka exports reduced remarkably to $3.3M (IndexBox estimates) in January 2023. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when exports increased by 65% against the previous month.

Turkey Manuka Exports by Country

Israel (477 tons), the United States (245 tons) and Italy (65 tons) were the main destinations of manuka exports from Turkey, together accounting for 73% of total exports. These countries were followed by Germany, Bosnia and Herzegovina, Bulgaria, Poland, the UK, Saudi Arabia and Spain, which together accounted for a further 23%.

From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +109.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manuka exported from Turkey were Israel ($1.3M), the United States ($768K) and Germany ($370K), together accounting for 73% of total exports. the UK, Italy, Saudi Arabia, Bosnia and Herzegovina, Poland, Bulgaria and Spain lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Bulgaria, with a CAGR of +107.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the manuka market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 1182 - Honey
Country coverage:
• Turkey

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Turkey
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022

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