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Thailand - Manuka - Market Analysis, Forecast, Size, Trends and Insights
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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?
+
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?
+
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?
+
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?
+
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?
+
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?
+
The average manuka import price stood at $2,200 per tonne in 2020, dropping by -10.2% against the previous year.

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the manuka market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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