Thailand: Manuka Market Overview 2021

Manuka Market Size in Thailand

The Thai manuka market soared to $X in 2020, rising by X% against the previous year. In general, consumption saw a temperate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in the near future.

Manuka Production in Thailand

In value terms, manuka production dropped to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019, and then shrank modestly in the following year.

Manuka Exports

Exports from Thailand

For the third year in a row, Thailand recorded decline in shipments abroad of manuka, which decreased by -X% to X tonnes in 2020. In general, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, manuka exports reduced to $X in 2020. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

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, Indonesia (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and the U.S. (+X% per year).

In value terms, Taiwan (Chinese) ($X), Indonesia ($X) and China ($X) were the largest markets for manuka exported from Thailand worldwide, with a combined X% share of total exports. These countries were followed by the U.S., Canada, Malaysia and Saudi Arabia, which together accounted for a further X the main countries of destination, Saudi Arabia (+X% per year) saw 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

The average manuka export price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, export price indicated a mild increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, manuka export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2019, and then dropped slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2020, 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 2020, 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

In 2020, after two years of decline, there was significant growth in supplies from abroad of manuka, when their volume increased by X% to X tonnes. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, manuka imports contracted to $X in 2020. In general, imports recorded a prominent 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 reached the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) 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, Myanmar (X tonnes), threefold. Viet Nam (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-X% per year) and Viet Nam (+X% per year).

In value terms, China ($X), Viet Nam ($X) and Myanmar ($X) were the largest manuka suppliers to Thailand, together accounting for X% of total imports. Mexico lagged somewhat behind, comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 2020, dropping by -X% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid 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 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Viet Nam ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox 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 2020 were China (325K tonnes), the U.S. (226K tonnes) and Turkey (107K tonnes), with a combined 34% share of global consumption. Germany, Canada, Iran, Russia, the UK, Ethiopia, Japan, France, Spain and Mexico lagged somewhat behind, together comprising a further 31%.

What are the largest producers of manuka in the world?

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China (453K 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 (113K tonnes), fourfold. Ukraine (93K tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of manuka to Thailand?

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In value terms, China ($1.2M), Viet Nam ($630K) and Myanmar ($325K) constituted the largest manuka suppliers to Thailand, together accounting for 72% of total imports. Mexico lagged somewhat behind, accounting for a further 4%.

What are the leading importers of manuka from Thailand?

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In value terms, Taiwan (Chinese) ($6.6M), Indonesia ($3.4M) and China ($1.8M) appeared to be the largest markets for manuka exported from Thailand worldwide, with a combined 66% share of total exports. These countries were followed by the U.S., Canada, Malaysia and Saudi Arabia, which together accounted for a further 24%.

What is the average export price for manuka in Thailand?

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In 2020, the average manuka export price amounted to $2,387 per tonne, shrinking by -3.7% against the previous year.

What is the average import price for manuka in Thailand?

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The average manuka import price stood at $2,200 per tonne in 2020, dropping by -10.2% against the previous year.

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