Manuka Price in Turkey - 2023

Contents:

1. Manuka Price in Turkey (FOB) - 2023
2. Manuka Price in Turkey (CIF) - 2022
3. Manuka Exports in Turkey
4. Manuka Imports in Turkey

Manuka Price in Turkey (FOB) - 2023

In March 2023, the average manuka export price amounted to $2,918 per ton, dropping by -7.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in June 2022 an increase of 30% month-to-month. The export price peaked at $3,163 per ton in February 2023, and then contracted in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($6,683 per ton), while the average price for exports to Bulgaria ($1,798 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Price in Turkey (CIF) - 2022

In 2022, the average manuka import price amounted to $3,769 per ton, declining by -36.8% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the maximum at $23,568 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($6,689 per ton), while the price for Poland ($2,100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Manuka Exports in Turkey

For the fourth year in a row, Turkey recorded growth in overseas shipments of manuka, which increased by 75% to 17K tons in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, manuka exports soared to $46M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Manuka from Turkey in 2022:

1. Saudi Arabia (undefinedK tons)
2. United States (7.5K tons)
3. Spain (2.9K tons)
4. Germany (1.3K tons)
5. Israel (1.0K tons)
6. Poland (0.8K tons)
7. Italy (0.6K tons)
8. Bulgaria (0.6K tons)
9. Slovakia (0.4K tons)

Manuka Imports in Turkey

In 2022, after three years of growth, there was significant decline in purchases abroad of manuka, when their volume decreased by -31.7% to 43 tons. In general, imports saw a mild descent. The pace of growth was the most pronounced in 2020 when imports increased by 28%.

In value terms, manuka imports shrank markedly to $163K in 2022. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 33%.

Top Suppliers of Manuka to Turkey in 2022:

1. Canada (undefined tons)
2. Saudi Arabia (undefined tons)
3. United Arab Emirates (undefined tons)
4. Qatar (undefined tons)
5. United Kingdom (undefined tons)
6. Italy (undefined tons)
7. Poland (21.6 tons)
8. Germany (12.1 tons)
9. India (6.8 tons)
10. Iran (1.2 tons)
11. China (0.8 tons)
12. Australia (0.4 tons)

Source: IndexBox Market Intelligence Platform