CIS: Manuka Market 2024

Manuka Market Size in CIS

The CIS manuka market reduced modestly to $X in 2022, shrinking by -2.4% against the previous year. In general, consumption, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 6.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Manuka Production in CIS

In value terms, manuka production fell to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible descent. The growth pace was the most rapid in 2019 when the production volume increased by 10% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Manuka Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in overseas shipments of manuka, when their volume decreased by -11.5% to X tons. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 105%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, manuka exports fell notably to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. The level of export peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Moldova (X tons) and Russia (X tons) prevails in exports structure, together creating 92% of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +30.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Moldova ($X) remains the largest manuka supplier in the CIS, comprising 62% of total exports. The second position in the ranking was held by Russia ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Moldova stood at +18.7%. In the other countries, the average annual rates were as follows: Russia (+17.1% per year) and Kyrgyzstan (+1.6% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, falling by -8.9% against the previous year. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 33% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Manuka Imports

Imports in CIS

In 2022, after three years of growth, there was significant decline in overseas purchases of manuka, when their volume decreased by -17.9% to X tons. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, manuka imports fell to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 108% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) and Kazakhstan (X tons) represented the main importers of manuka in the CIS, together reaching near 49% of total imports. Russia (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (13%), Armenia (8.6%) and Azerbaijan (7.8%). Moldova (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +246.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) were the countries with the highest levels of imports in 2022, with a combined 62% share of total imports. Azerbaijan, Moldova, Armenia and Uzbekistan lagged somewhat behind, together accounting for a further 37%.

Uzbekistan, with a CAGR of +262.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, rising by 5.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 29%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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