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Blog → Food Products → Other Food Products → Manuka
United Kingdom - Manuka - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Oct 1, 2023

United Kingdom - Manuka - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Aug 1, 2023

Price of Manuka in UK Hits Low of $1,808 per Ton Following Two Successive Months of Decline

United Kingdom Manuka Import Price in March 2023

In March 2023, the manuka price stood at $1,808 per ton (CIF, United Kingdom), with a decrease of -6.9% against the previous month. Over the period under review, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in January 2023 an increase of 39% month-to-month. The import price peaked at $3,591 per ton in August 2022; however, from September 2022 to March 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was New Zealand ($10,365 per ton), while the price for China ($1,218 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Poland (-0.4%), while the prices for the other major suppliers experienced a decline.

COUNTRYImport Price of Manuka in United Kingdom (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
New Zealand17,47317,97319,79818,52822,51419,84014,92812,29117,46526,38916,44014,43110,365
Spain5,9344,7394,6785,2584,9365,4814,6074,5675,4715,8166,4316,0485,092
Poland5,0594,0223,8364,3193,4044,2944,7563,9124,1104,1605,3873,8614,820
Brazil5,5313,9304,0043,6354,0313,7273,5256,4743,903N/A3,776N/A3,825
Mexico5,0853,4713,7063,7793,6963,7993,5793,6663,8284,5284,0633,4903,389
Vietnam1,970N/A1,8822,0031,9122,0641,9471,9751,9841,777N/AN/A1,608
China1,5281,4921,4201,4171,4041,5391,3031,2311,2591,2641,2541,1291,218
Average2,5022,7602,4702,9362,7433,5912,1532,4912,8072,0692,8851,9421,808

United Kingdom Manuka Imports

In March 2023, the amount of manuka imported into the UK surged to 7.6K tons, with an increase of 109% compared with the previous month's figure. Overall, imports recorded a moderate increase. The most prominent rate of growth was recorded in September 2022 with an increase of 115% against the previous month. Over the period under review, imports hit record highs in March 2023.

In value terms, manuka imports soared to $14M (IndexBox estimates) in March 2023. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

United Kingdom Manuka Imports by Country

In March 2023, China (6.4K tons) constituted the largest supplier of manuka to the UK, accounting for a 85% share of total imports. Moreover, manuka imports from China exceeded the figures recorded by the second-largest supplier, Mexico (279 tons), more than tenfold. Poland (195 tons) ranked third in terms of total imports with a 2.6% share.

From March 2022 to March 2023, the average monthly growth rate of volume from China amounted to +3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+18.6% per month) and Poland (+1.6% per month).

In value terms, China ($7.8M) constituted the largest supplier of manuka to the UK, comprising 57% of total imports. The second position in the ranking was taken by New Zealand ($1M), with a 7.3% share of total imports. It was followed by Mexico, with a 6.9% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from China stood at +1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: New Zealand (-6.8% per month) and Mexico (+14.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the manuka market in the UK. 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:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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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