Saudi Arabia: Manuka Market 2024

Manuka Market Size in Saudi Arabia

The Saudi manuka market surged to $X in 2022, picking up by X% against the previous year. In general, consumption saw buoyant growth. Manuka consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Manuka Production in Saudi Arabia

In value terms, manuka production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by X%. Manuka production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Manuka Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in shipments abroad of manuka, when their volume decreased by X% to X tons. Overall, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, manuka exports contracted to $X in 2022. Over the period under review, exports showed a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for manuka exports from Saudi Arabia, with a X% share of total exports. Moreover, manuka exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X tons), twofold. Kuwait (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Kuwait (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for manuka exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average manuka export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

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

Manuka Imports

Imports into Saudi Arabia

Manuka imports into Saudi Arabia rose rapidly to X tons in 2022, growing by X% compared with the previous year's figure. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, manuka imports totaled $X in 2022. In general, total imports indicated pronounced 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Pakistan (X tons) and India (X tons) were the main suppliers of manuka imports to Saudi Arabia, together comprising X% of total imports. Mexico, Germany, Egypt, Spain, Thailand, Yemen, Turkey, the United Arab Emirates, Argentina and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest manuka suppliers to Saudi Arabia were Germany ($X), Mexico ($X) and Yemen ($X), together comprising X% of total imports. Pakistan, Spain, China, India, Hungary, the United Arab Emirates, Egypt, Turkey, Thailand and Argentina lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, 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 ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Yemen ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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