Israel: Manuka Market 2023

Manuka Market Size in Israel

The Israeli manuka market rose to $X in 2022, picking up by 2.4% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Manuka Production in Israel

In value terms, manuka production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.0% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 90% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Manuka Exports

Exports from Israel

In 2022, the amount of manuka exported from Israel dropped rapidly to X tons, declining by -37.6% compared with the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 106%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, manuka exports reduced markedly to $X in 2022. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 113%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), France (X tons) and Singapore (X tons) were the main destinations of manuka exports from Israel, together accounting for 75% of total exports. The Netherlands, Japan and Canada lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for manuka exported from Israel were the United States ($X), France ($X) and Singapore ($X), together comprising 75% of total exports.

In terms of the main countries of destination, France, with a CAGR of +0.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average manuka export price stood at $X per ton in 2022, declining by -10% against the previous year. Over the period under review, the export price, however, recorded a temperate increase. The growth pace was the most rapid in 2015 when the average export price increased by 51%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and Japan ($X per ton), while the average price for exports to Singapore ($X per ton) and France ($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 Belgium (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Israel

In 2022, approx. X tons of manuka were imported into Israel; increasing by 2.1% on the previous year. In general, imports posted a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of 95%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, manuka imports expanded markedly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 86% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), Turkey (X tons) and Ukraine (X tons) were the main suppliers of manuka imports to Israel, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +50.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest manuka suppliers to Israel were Spain ($X), Turkey ($X) and Ukraine ($X), with a combined 86% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +63.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average manuka import price amounted to $X per ton, increasing by 8.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 31%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Ukraine ($X per ton), while the price for the United States ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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