Thailand: Manuka Market 2022

Manuka Market Size in Thailand

In 2021, the Thai manuka market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a slight setback. Manuka consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Manuka Production in Thailand

In value terms, manuka production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Manuka Exports

Exports from Thailand

In 2021, shipments abroad of manuka increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, manuka exports surged to $X in 2021. Overall, exports recorded a modest increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of manuka exports from Thailand, with a combined X% share of total exports. These countries were followed by Saudi Arabia, Germany, Canada and Malaysia, which together accounted for a further X 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manuka exported from Thailand were Taiwan (Chinese) ($X), Indonesia ($X) and the United States ($X), with a combined X% share of total exports. Saudi Arabia, Germany, Malaysia and Canada lagged somewhat behind, together accounting for a further X the main countries of destination, Canada, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the average manuka export price amounted to $X per ton, declining by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Manuka Imports

Imports into Thailand

In 2021, supplies from abroad of manuka increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a abrupt downturn. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, manuka imports skyrocketed to $X in 2021. Overall, imports, however, recorded a deep setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest manuka supplier to Thailand, accounting for a X% share of total imports. Moreover, manuka imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. Myanmar (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Myanmar (+X% per year).

In value terms, the largest manuka suppliers to Thailand were China ($X), Vietnam ($X) and Myanmar ($X), together comprising X% of total imports.

Vietnam, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average manuka import price stood at $X per ton in 2021, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :