United Kingdom: Manuka Market 2024

Manuka Market Size in the UK

After two years of growth, the UK manuka market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Manuka Production in the UK

In value terms, manuka production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Manuka Exports

Exports from the UK

In 2022, shipments abroad of manuka decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted a mild expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, manuka exports dropped to $X in 2022. Over the period under review, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for manuka exports from the UK, accounting for a X% share of total exports. Moreover, manuka exports to Ireland exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and France (X% per year).

In value terms, Ireland ($X) remains the key foreign market for manuka exports from the UK, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average manuka export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a pronounced contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into the UK

In 2022, the amount of manuka imported into the UK expanded markedly to X tons, growing by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, manuka imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of manuka to the UK, with a X% share of total imports. Moreover, manuka imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of manuka to the UK, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average manuka import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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