
Turkey - Manuka - Market Analysis, Forecast, Size, Trends and Insights
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Turkey: Manuka Market Overview 2021
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Manuka Market Size in Turkey
The Turkish manuka market expanded rapidly to $X in 2019, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in the immediate term.
Manuka Production in Turkey
In value terms, manuka production rose markedly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.
Manuka Exports
Exports from Turkey
In 2019, exports of manuka from Turkey reduced to X tonnes, declining by -X% on the previous year's figure. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.
In value terms, manuka exports shrank modestly to $X in 2019. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at $X in 2018, and then reduced slightly in the following year.
Exports by Country
Germany (X tonnes) was the main destination for manuka exports from Turkey, with a X% share of total exports. Moreover, manuka exports to Germany exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. Saudi Arabia (X tonnes) ranked third in terms of total exports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Saudi Arabia (+X% per year).
In value terms, Germany ($X) remains the key foreign market for manuka exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.
From 2007 to 2019, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Saudi Arabia (+X% per year).
Export Prices by Country
In 2019, the average manuka export price amounted to $X per tonne, surging by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to France ($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 the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.
Manuka Imports
Imports into Turkey
In 2019, supplies from abroad of manuka decreased by -X% to X tonnes, falling for the second consecutive year after eleven years of growth. Overall, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.
In value terms, manuka imports shrank significantly to $X in 2019. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018, and then contracted significantly in the following year.
Imports by Country
In 2019, Canada (X tonnes) constituted the largest manuka supplier to Turkey, accounting for a X% share of total imports. Moreover, manuka imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and the United Arab Emirates (+X% per year).
In value terms, Canada ($X) constituted the largest supplier of manuka to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Romania, with a X% share.
From 2007 to 2019, the average annual growth rate of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Romania (+X% per year).
Import Prices by Country
In 2019, the average manuka import price amounted to $X per tonne, increasing by X% against the previous year. In general, import price indicated a moderate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, manuka import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Romania ($X per tonne), while the price for Russia ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox AI 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 2019 were China (330K tonnes), the U.S. (252K tonnes) and Turkey (104K tonnes), with a combined 36% share 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?+
China (444K tonnes) constituted the country with the largest volume of manuka production, comprising approx. 23% of total volume. Moreover, manuka production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. Canada (80K tonnes) ranked third in terms of total production with a 4.2% share.
What are the leading suppliers of manuka to Turkey?+
In value terms, Canada ($78K) constituted the largest supplier of manuka to Turkey, comprising 35% of total imports. The second position in the ranking was occupied by Spain ($36K), with a 16% share of total imports. It was followed by Romania, with a 13% share.
What are the leading importers of manuka from Turkey?+
In value terms, Germany ($9.1M) remains the key foreign market for manuka exports from Turkey, comprising 37% of total exports. The second position in the ranking was occupied by the U.S. ($4.4M), with a 18% share of total exports. It was followed by Saudi Arabia, with a 13% share.
What is the average export price for manuka in Turkey?+
The average manuka export price stood at $4,432 per tonne in 2019, surging by 9.3% against the previous year.
What is the average import price for manuka in Turkey?+
The average manuka import price stood at $2,664 per tonne in 2019, rising by 62% against the previous year.
This report provides an in-depth analysis of the manuka market in Turkey. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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