Philippines: Manuka Market Overview 2021

Manuka Market Size in the Philippines

In 2019, the Philippine manuka market decreased by -X% to $X for the first time since 2013, thus ending a five-year rising trend. Overall, consumption, however, posted a prominent increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018, and then declined markedly in the following year.

Manuka Exports

Exports from the Philippines

In 2019, manuka exports from the Philippines reduced markedly to X tonnes, with a decrease of -X% against the previous year's figure. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2014 to 2019, the growth exports failed to regain the momentum.

In value terms, manuka exports declined notably to $X in 2019. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2014 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Brunei Darussalam (X tonnes) was the main destination for manuka exports from the Philippines, accounting for a X% share of total exports. Moreover, manuka exports to Brunei Darussalam exceeded the volume sent to the second major destination, Singapore (X kg), fivefold. The third position in this ranking was occupied by the United Arab Emirates (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Brunei Darussalam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, Brunei Darussalam ($X), Singapore ($X) and the United Arab Emirates ($X) were the largest markets for manuka exported from the Philippines worldwide, with a combined X% share of total exports.

Among the main countries of destination, Brunei Darussalam (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average manuka export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Brunei Darussalam ($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 the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

Manuka Imports

Imports into the Philippines

After five years of growth, supplies from abroad of manuka decreased by -X% to X tonnes in 2019. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then shrank slightly in the following year.

In value terms, manuka imports dropped markedly to $X in 2019. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2018, and then reduced markedly in the following year.

Imports by Country

The U.S. (X tonnes), Australia (X tonnes) and Austria (X tonnes) were the main suppliers of manuka imports to the Philippines, with a combined X% share of total imports. Argentina, Belgium, New Zealand and Thailand lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Belgium (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of manuka to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Austria (+X% per year).

Import Prices by Country

The average manuka import price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

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), with a combined 36% share 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) remains the largest manuka producing country worldwide, 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 the Philippines?

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In value terms, Australia ($1.3M) constituted the largest supplier of manuka to the Philippines, comprising 38% of total imports. The second position in the ranking was occupied by the U.S. ($592K), with a 17% share of total imports. It was followed by Austria, with a 12% share.

What are the leading importers of manuka from the Philippines?

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In value terms, Brunei Darussalam ($7.2K), Singapore ($4.2K) and the United Arab Emirates ($572) were the largest markets for manuka exported from the Philippines worldwide, with a combined 93% share of total exports.

What is the average export price for manuka in the Philippines?

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The average manuka export price stood at $5,912 per tonne in 2019, picking up by 6.1% against the previous year.

What is the average import price for manuka in the Philippines?

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In 2019, the average manuka import price amounted to $2,709 per tonne, with a decrease of -22.3% against the previous year.