Thailand: Manuka Market Overview 2021

Manuka Market Size in Thailand

The Thai manuka market soared to $X in 2019, growing by X% against the previous year. In general, consumption showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Manuka Production in Thailand

In value terms, manuka production expanded to $X in 2019 estimated in export prices. Over the period under review, production posted a moderate increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Manuka production peaked at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

Manuka Exports

Exports from Thailand

In 2019, after two years of growth, there was significant decline in overseas shipments of manuka, when their volume decreased by -X% to X tonnes. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, manuka exports contracted to $X in 2019. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Indonesia (+X% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for manuka exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value to Taiwan (Chinese) stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average manuka export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, export price indicated a moderate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, manuka export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

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

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

Manuka Imports

Imports into Thailand

Manuka imports into Thailand contracted to X tonnes in 2019, shrinking by -X% against the year before. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, manuka imports shrank to $X in 2019. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2010 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

China (X tonnes), Myanmar (X tonnes) and Viet Nam (X tonnes) were the main suppliers of manuka imports to Thailand, together accounting for X% of total imports. These countries were followed by Australia, Mexico and Germany, which together accounted for a further X 2007 to 2019, the biggest increases were in Mexico (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest manuka suppliers to Thailand were China ($X), Myanmar ($X) and Viet Nam ($X), with a combined X% share of total imports. Germany, Australia and Mexico lagged somewhat behind, together comprising a further X terms of the main suppliers, Mexico (+X% per year) saw 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

The average manuka import price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, 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 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), accounting for 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 Thailand?

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In value terms, the largest manuka suppliers to Thailand were China ($1.1M), Myanmar ($618K) and Viet Nam ($328K), together comprising 67% of total imports. These countries were followed by Germany, Australia and Mexico, which together accounted for a further 15%.

What are the leading importers of manuka from Thailand?

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In value terms, Taiwan (Chinese) ($6.8M) emerged as the key foreign market for manuka exports from Thailand, comprising 32% of total exports. The second position in the ranking was occupied by China ($2.5M), with a 12% share of total exports. It was followed by the U.S., with a 11% share.

What is the average export price for manuka in Thailand?

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In 2019, the average manuka export price amounted to $2,479 per tonne, rising by 4.3% against the previous year.

What is the average import price for manuka in Thailand?

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In 2019, the average manuka import price amounted to $2,449 per tonne, dropping by -5.2% against the previous year.