Turkey: Manuka Market 2022

Manuka Market Size in Turkey

The Turkish manuka market was estimated at $X in 2021, standing approx. at the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Manuka Production in Turkey

In value terms, manuka production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Manuka Exports

Exports from Turkey

In 2021, shipments abroad of manuka increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, manuka exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Germany (X tons) and Spain (X tons) were the main destinations of manuka exports from Turkey, with a combined X% share of total exports. These countries were followed by Bulgaria, Slovakia, Israel, the UK, Belgium, the United Arab Emirates and Italy, which together accounted for a further X 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for manuka exported from Turkey worldwide, together accounting for X% of total exports. These countries were followed by Bulgaria, Israel, Belgium, the United Arab Emirates, the UK, Slovakia and Italy, which together accounted for a further X UK, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, reducing by -X% against the previous year. Overall, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bulgaria ($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 Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Turkey

In 2021, approx. X tons of manuka were imported into Turkey; jumping by X% compared with the previous year's figure. Over the period under review, imports, however, showed a precipitous descent. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, manuka imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the United States (X tons) and India (X tons) were the main suppliers of manuka imports to Turkey, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of manuka to Turkey, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The average manuka import price stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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