Saudi Arabia - Manuka - Market Analysis, Forecast, Size, Trends and Insights
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View PricingManuka Price in Saudi Arabia - 2021
Contents:
- Manuka Price in Saudi Arabia (CIF) - 2022
- Manuka Price in Saudi Arabia (FOB) - 2022
- Manuka Imports in Saudi Arabia
- Manuka Exports in Saudi Arabia
Manuka Price in Saudi Arabia (CIF) - 2022
The average manuka import price stood at $4,286 per ton in 2022, increasing by 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27%. Over the period under review, average import prices reached the peak figure at $4,525 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Yemen ($12,205 per ton), while the price for China ($1,611 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Manuka Price in Saudi Arabia (FOB) - 2022
In 2022, the average manuka export price amounted to $6,733 per ton, growing by 30% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $8,098 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($9,683 per ton), while the average price for exports to Tunisia ($5,263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Manuka Imports in Saudi Arabia
In 2022, approx. 23K tons of manuka were imported into Saudi Arabia; rising by 6.4% compared with the previous year. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of 25K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, manuka imports totaled $97M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports attained the peak of $107M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Manuka in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.9 | 21.0 | 15.4 | 17.5 | -0.8% |
| Mexico | 4.6 | 4.3 | 10.1 | 9.9 | 29.1% |
| Yemen | 7.7 | 14.8 | 7.2 | 9.6 | 7.6% |
| Pakistan | 10.3 | 11.8 | 6.8 | 9.4 | -3.0% |
| Spain | 2.9 | 4.8 | 7.7 | 7.6 | 37.9% |
| China | 5.2 | 8.6 | 4.8 | 6.0 | 4.9% |
| India | 5.6 | 5.7 | 6.0 | 5.9 | 1.8% |
| Hungary | 1.6 | 4.8 | 4.6 | 4.5 | 41.2% |
| United Arab Emirates | 0.7 | 1.2 | 3.3 | 3.3 | 67.7% |
| Egypt | 2.7 | 3.9 | 3.2 | 3.1 | 4.7% |
| Turkey | 2.5 | 2.8 | N/A | 2.8 | 3.8% |
| Thailand | 1.0 | 0.6 | 1.7 | 1.7 | 19.3% |
| Argentina | 1.6 | 1.6 | 1.3 | 1.5 | -2.1% |
| Others | 11.0 | 21.0 | 14.9 | 14.2 | 8.9% |
| Total | 75.4 | 107 | 87.1 | 96.9 | 8.7% |
Top Suppliers of Manuka to Saudi Arabia in 2022:
- China (3.7K tons)
- Pakistan (3.5K tons)
- Mexico (2.7K tons)
- India (2.7K tons)
- Germany (2.0K tons)
- Egypt (1.3K tons)
- Spain (1.3K tons)
- Thailand (1.0K tons)
- Yemen (0.8K tons)
- Turkey (0.7K tons)
- United Arab Emirates (0.6K tons)
- Argentina (0.5K tons)
- Hungary (0.4K tons)
Manuka Exports in Saudi Arabia
In 2022, after three years of growth, there was significant decline in shipments abroad of manuka, when their volume decreased by -27.1% to 3.8K tons. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 204%.
In value terms, manuka exports declined to $26M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 145% against the previous year.
| Export of Manuka in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.8 | 9.1 | 7.6 | 12.8 | 38.7% |
| Jordan | 1.8 | 2.9 | 2.4 | 4.1 | 31.6% |
| Kuwait | 1.5 | 1.9 | 1.9 | 3.3 | 30.1% |
| Oman | 1.6 | 2.0 | 1.0 | 2.4 | 14.5% |
| Bahrain | 0.1 | 0.1 | 0.8 | 1.4 | 141.0% |
| Tunisia | N/A | 0.1 | 0.5 | 0.9 | 200.0% |
| Egypt | 0.1 | 0.5 | 0.4 | 0.6 | 81.7% |
| Yemen | N/A | 7.4 | 0.9 | N/A | -87.8% |
| Others | 0.1 | 0.4 | 11.4 | 0.2 | 26.0% |
| Total | 9.9 | 24.3 | 27.0 | 25.6 | 37.3% |
Top Export Markets for Manuka from Saudi Arabia in 2022:
- United Arab Emirates (1885.7 tons)
- Jordan (775.2 tons)
- Kuwait (422.8 tons)
- Oman (287.3 tons)
- Bahrain (190.5 tons)
- Tunisia (162.4 tons)
- Egypt (61.4 tons)
This report provides an in-depth analysis of the manuka market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the manuka market in Saudi Arabia.
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