Argentina: Manuka Market 2024

Manuka Market Size in Argentina

The Argentinian manuka market rose significantly to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Manuka Production in Argentina

In value terms, manuka production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Manuka Exports

Exports from Argentina

In 2022, approx. X tons of manuka were exported from Argentina; growing by X% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, manuka exports soared to $X in 2022. Overall, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for manuka exports from Argentina, accounting for a X% share of total exports. Moreover, manuka exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for manuka exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

The average manuka export price stood at $X per ton in 2022, approximately equating the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manuka export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Spain ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Argentina

In 2022, the amount of manuka imported into Argentina soared to X tons, surging by X% on the year before. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, manuka imports soared to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main manuka supplier to Argentina, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%.

In value terms, Spain ($X) constituted the largest supplier of manuka to Argentina.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%.

Import Prices by Country

The average manuka import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to X% per year.

Source: IndexBox Platform

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