Report Update Nov 1, 2024

Belgium - Manuka - Market Analysis, Forecast, Size, Trends and Insights

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Belgium: Manuka Market 2024

Manuka Market Size in Belgium

The Belgian manuka market skyrocketed to $X in 2022, increasing by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +64.6% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Manuka Exports

Exports from Belgium

After six years of growth, shipments abroad of manuka decreased by -60.7% to X tons in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 126% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted notably in the following year.

In value terms, manuka exports dropped significantly to $X in 2022. Overall, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined significantly in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Sweden (X tons) were the main destinations of manuka exports from Belgium, together comprising 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Sweden ($X) constituted the largest markets for manuka exported from Belgium worldwide, with a combined 81% share of total exports.

The Netherlands, with a CAGR of +14.3%, recorded the highest growth rate of the value of exports, among 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

The average manuka export price stood at $X per ton in 2022, jumping by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Poland ($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 Luxembourg (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Belgium

In 2022, supplies from abroad of manuka decreased by -44.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 75%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, manuka imports dropped rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 61%. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

China (X tons), Ukraine (X tons) and the Netherlands (X tons) were the main suppliers of manuka imports to Belgium, with a combined 57% share of total imports. Vietnam, Germany, Mexico, Argentina, Spain and Chile lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest manuka suppliers to Belgium were Ukraine ($X), China ($X) and the Netherlands ($X), with a combined 48% share of total imports. Mexico, Germany, Argentina, Vietnam, Spain and Chile lagged somewhat behind, together accounting for a further 29%.

Vietnam, with a CAGR of +45.5%, saw the highest growth rate of 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

In 2022, the average manuka import price amounted to $X per ton, increasing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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 2021 were China, the United States and Turkey, together comprising 38% of global consumption. These countries were followed by Iran, Germany, Russia, the UK, Japan, France, Canada, Poland, Spain and Mexico, which together accounted for a further 27%.

What are the largest producers of manuka in the world?

China remains the largest manuka producing country worldwide, comprising approx. 25% of total volume. Moreover, manuka production in China exceeded the figures recorded by the second-largest producer, Turkey, fourfold. The third position in this ranking was occupied by Ukraine, with a 4.4% share.

What are the leading suppliers of manuka to Belgium?

In value terms, the largest manuka suppliers to Belgium were China, Ukraine and Germany, with a combined 47% share of total imports.

What are the leading importers of manuka from Belgium?

In value terms, France, the Netherlands and Germany constituted the largest markets for manuka exported from Belgium worldwide, with a combined 67% share of total exports.

What is the average export price for manuka in Belgium?

The average manuka export price stood at $3,556 per ton in 2021, with an increase of 5.5% against the previous year.

What is the average import price for manuka in Belgium?

The average manuka import price stood at $2,742 per ton in 2021, rising by 9.8% against the previous year.

This report provides an in-depth analysis of the manuka market in Belgium. 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:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023