Thailand - Manuka - Market Analysis, Forecast, Size, Trends and Insights
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View PricingManuka Price in Thailand - 2023
Contents:
- Manuka Price in Thailand (FOB) - 2023
- Manuka Price in Thailand (CIF) - 2023
- Manuka Exports in Thailand
- Manuka Imports in Thailand
Manuka Price in Thailand (FOB) - 2023
The average manuka export price stood at $2,459 per ton in September 2023, increasing by 11% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 34% month-to-month. As a result, the export price attained the peak level of $2,905 per ton. From August 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Japan ($5,139 per ton), while the average price for exports to Germany ($1,014 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Manuka Price in Thailand (CIF) - 2023
The average manuka import price stood at $1,308 per ton in September 2023, with an increase of 5.9% against the previous month. Overall, the import price, however, showed a abrupt slump. The growth pace was the most rapid in December 2022 when the average import price increased by 30% m-o-m. The import price peaked at $2,603 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Australia ($8,589 per ton), while the price for Vietnam ($1,162 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Manuka Exports in Thailand
In 2022, the amount of manuka exported from Thailand rose significantly to 11K tons, increasing by 7% compared with the previous year. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, manuka exports skyrocketed to $25M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
Export of Manuka in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 6.4 | 6.5 | 6.2 | 8.7 | 10.8% |
United States | 2.2 | 1.3 | 1.9 | 4.2 | 24.1% |
Australia | N/A | N/A | 0.4 | 2.7 | 575.0% |
Indonesia | 2.0 | 3.4 | 4.3 | 2.7 | 10.5% |
China | 2.4 | 1.8 | 1.8 | 1.6 | -12.6% |
Malaysia | 1.5 | 1.1 | 1.3 | 1.2 | -7.2% |
Germany | 0.6 | 0.1 | 1.6 | 1.2 | 26.0% |
Canada | 2.2 | 1.3 | 1.2 | 1.0 | -23.1% |
Saudi Arabia | 0.8 | 0.6 | 1.6 | 0.2 | -37.0% |
Others | 1.6 | 1.7 | 1.8 | 2.0 | 7.7% |
Total | 19.8 | 17.8 | 22.1 | 25.5 | 8.8% |
Top Export Markets for Manuka from Thailand in 2022:
- Taiwan (Chinese) (4.3K tons)
- United States (2.0K tons)
- Australia (1.2K tons)
- Indonesia (1.2K tons)
- Germany (0.6K tons)
- Canada (0.4K tons)
- Malaysia (0.3K tons)
- China (0.3K tons)
- Saudi Arabia (0.1K tons)
Manuka Imports in Thailand
For the fourth year in a row, Thailand recorded growth in supplies from abroad of manuka, which increased by 6.5% to 2.8K tons in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 71%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, manuka imports rose to $5.5M in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Manuka in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 306 | 634 | 1,434 | 2,780 | 108.7% |
China | 1,126 | 1,199 | 2,080 | 827 | -9.8% |
Myanmar | 623 | 329 | 773 | 701 | 4.0% |
Australia | 172 | 62.0 | 299 | 379 | 30.1% |
Others | 847 | 869 | 754 | 784 | -2.5% |
Total | 3,074 | 3,093 | 5,339 | 5,471 | 21.2% |
Top Suppliers of Manuka to Thailand in 2022:
- Vietnam (1772.8 tons)
- China (576.9 tons)
- Myanmar (375.5 tons)
- Australia (55.0 tons)
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 2030.
Product coverage:
- FCL 1182 - Honey
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the manuka market in Thailand.
This report provides an in-depth analysis of the honey market in Thailand.
This report provides an in-depth analysis of the global manuka market.
This report provides an in-depth analysis of the global honey market.
This report provides an in-depth analysis of the manuka market in Thailand.
This report provides an in-depth analysis of the honey market in Thailand.
This report provides an in-depth analysis of the global manuka market.
This report provides an in-depth analysis of the global honey market.
Explore the top import markets for Manuka honey and discover key statistics and market trends. Find out which countries are leading in the import value of Manuka honey.
The value of total imports on the global manuka market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, manuka imports reached X tons in 2015, an increase of X tons
The global manuka honey market earned total revenues of X million USD in 2015, representing a compound annual growth rate (CAGR) of +X% from 2007 to 2015.
In 2016, the market value of honey totaled $X. A slight drop in 2009 was followed by a sharp increase over the period from 2010-2013. However, the market value declined over the next two years, which was then followed by a recovery in 2016. Equall
Global honey consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global honey imports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
In 2015 the global honey market value totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011.
Global honey market production was estimated at X million USD in 2015, which was X million USD (or X%) below the peak production level of 2013.
The value of total imports on the global honey market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of honey reached X thousand tons in 2015, which was X tho
In 2015, the global market value of honey totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011. The next four years were characterized by mixed dynamics. In physical terms, the market showed gradual increase ov