Argentina: Manuka Market Overview 2021

Manuka Market Size in Argentina

In 2019, the Argentinian manuka market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Manuka Production in Argentina

In value terms, manuka production reduced to $X in 2019 estimated in export prices. Overall, the total production indicated a noticeable expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Manuka production peaked at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Manuka Exports

Exports from Argentina

For the third consecutive year, Argentina recorded decline in overseas shipments of manuka, which decreased by -X% to X tonnes in 2019. Over the period under review, exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, manuka exports declined dramatically to $X in 2019. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for manuka exports from Argentina, with a X% share of total exports. Moreover, manuka exports to the U.S. exceeded the volume sent to the second major destination, Germany (X tonnes), fourfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the U.S. totaled +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).

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

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. totaled +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

In 2019, the average manuka export price amounted to $X per tonne, waning by -X% against the previous year. Overall, export price indicated a perceptible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, manuka export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, the highest prices were recorded for prices to Japan ($X per tonne) and France ($X per tonne), while the average price for exports to the U.S. ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Argentina

In 2019, purchases abroad of manuka decreased by -X% to X kg, falling for the second consecutive year after four years of growth. In general, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, manuka imports fell rapidly to $X in 2019. Overall, imports faced a dramatic descent. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Spain (X kg) was the main manuka supplier to Argentina, with a X% share of total imports. Moreover, manuka imports from Spain exceeded the figures recorded by the second-largest supplier, New Zealand (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Spain totaled +X%.

In value terms, Spain ($X) constituted the largest supplier of manuka to Argentina, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Spain totaled +X%.

Import Prices by Country

The average manuka import price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while the price for Spain amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for manuka in the world?

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The countries with the highest volumes of manuka consumption in 2019 were China (330K tonnes), the U.S. (252K tonnes) and Turkey (104K tonnes), together comprising 36% of global consumption. These countries were followed by Canada, Iran, Germany, Russia, Ethiopia, the UK, Japan, France, Spain and Mexico, which together accounted for a further 30%.

What are the largest producers of manuka in the world?

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The country with the largest volume of manuka production was China (444K tonnes), comprising approx. 23% of total volume. Moreover, manuka production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. The third position in this ranking was occupied by Canada (80K tonnes), with a 4.2% share.

What are the leading suppliers of manuka to Argentina?

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In value terms, Spain ($3.3K) constituted the largest supplier of manuka to Argentina, comprising 83% of total imports. The second position in the ranking was occupied by New Zealand ($688), with a 17% share of total imports.

What are the leading importers of manuka from Argentina?

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In value terms, the U.S. ($80M) remains the key foreign market for manuka exports from Argentina, comprising 56% of total exports. The second position in the ranking was occupied by Germany ($22M), with a 16% share of total exports. It was followed by Japan, with a 9% share.

What is the average export price for manuka in Argentina?

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The average manuka export price stood at $2,237 per tonne in 2019, shrinking by -9.5% against the previous year.

What is the average import price for manuka in Argentina?

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In 2019, the average manuka import price amounted to $5,028 per tonne, rising by 64% against the previous year.