Malaysia: Manuka Market Overview 2021

Manuka Market Size in Malaysia

The Malaysian manuka market contracted rapidly to $X in 2019, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a strong increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Manuka Exports

Exports from Malaysia

In 2019, shipments abroad of manuka decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2010 to 2019, the growth exports failed to regain the momentum.

In value terms, manuka exports totaled $X in 2019. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2010 to 2019, the growth exports remained at a lower figure.

Exports by Country

Singapore (X tonnes), Hong Kong SAR (X tonnes) and China (X tonnes) were the main destinations of manuka exports from Malaysia, with a combined X% share of total exports. These countries were followed by Maldives, Algeria and Brunei Darussalam, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for manuka exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and China (+X% per year).

Export Prices by Country

In 2019, the average manuka export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Maldives ($X per tonne) was amongst the lowest.

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

Manuka Imports

Imports into Malaysia

In 2019, the amount of manuka imported into Malaysia declined markedly to X tonnes, reducing by -X% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports failed to regain the momentum.

In value terms, manuka imports dropped markedly to $X in 2019. Over the period under review, imports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2011 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of manuka to Malaysia, accounting for a X% share of total imports. Moreover, manuka imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), twofold. Singapore (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Singapore (+X% per year).

In value terms, the largest manuka suppliers to Malaysia were China ($X), New Zealand ($X) and Thailand ($X), together accounting for X% of total imports. These countries were followed by Australia, Singapore, India and Taiwan (Chinese), which together accounted for a further X terms of the main suppliers, India recorded the highest rates of growth with regard to 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

The average manuka import price stood at $X per tonne in 2019, remaining stable against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

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 accounting for 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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China (444K tonnes) constituted the country with the largest volume of manuka production, accounting for 23% of total volume. Moreover, manuka production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. Canada (80K tonnes) ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of manuka to Malaysia?

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In value terms, China ($2.7M), New Zealand ($2M) and Thailand ($1.9M) were the largest manuka suppliers to Malaysia, together accounting for 58% of total imports. These countries were followed by Australia, Singapore, India and Taiwan (Chinese), which together accounted for a further 30%.

What are the leading importers of manuka from Malaysia?

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In value terms, Singapore ($482K) remains the key foreign market for manuka exports from Malaysia, comprising 48% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($134K), with a 13% share of total exports. It was followed by China, with a 11% share.

What is the average export price for manuka in Malaysia?

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In 2019, the average manuka export price amounted to $4,589 per tonne, with an increase of 13% against the previous year.

What is the average import price for manuka in Malaysia?

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In 2019, the average manuka import price amounted to $4,009 per tonne, flattening at the previous year.