Middle East: Manuka Market 2024

Manuka Market Size in the Middle East

In 2022, the Middle Eastern manuka market decreased by -2.4% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Manuka Production in the Middle East

In value terms, manuka production declined to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.7%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Manuka Exports

Exports in the Middle East

In 2022, shipments abroad of manuka increased by 25% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, manuka exports expanded rapidly to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 41%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of manuka, achieving 64% of total exports. It was distantly followed by Saudi Arabia (X tons), Yemen (X tons) and the United Arab Emirates (X tons), together committing a 29% share of total exports. Oman (X tons) and Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the manuka exports, with a CAGR of +29.8% from 2012 to 2022. At the same time, Oman (+16.8%), Yemen (+11.0%), the United Arab Emirates (+8.2%) and Iran (+1.1%) displayed positive paces of growth. By contrast, Saudi Arabia (-3.5%) illustrated a downward trend over the same period. Turkey (+50 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates, Iran and Saudi Arabia saw its share reduced by -2.2%, -3.1% and -44.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Saudi Arabia ($X) and Yemen ($X) were the countries with the highest levels of exports in 2022, together accounting for 89% of total exports. The United Arab Emirates, Oman and Iran lagged somewhat behind, together comprising a further 8.7%.

Among the main exporting countries, Oman, with a CAGR of +23.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -8.3% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 12%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.3%), while the other leaders experienced more modest paces of growth.

Manuka Imports

Imports in the Middle East

In 2022, the amount of manuka imported in the Middle East rose to X tons, surging by 3.7% compared with 2021 figures. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, manuka imports expanded sharply to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the key importer of manuka, committing 50% of total imports. The United Arab Emirates (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Oman (6.2%) and Kuwait (5.3%). The following importers - Yemen (X tons), Qatar (X tons) and Israel (X tons) - each reached a 12% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to manuka imports into Saudi Arabia stood at +3.2%. At the same time, the United Arab Emirates (+12.9%), Qatar (+12.0%), Oman (+8.4%), Kuwait (+7.8%), Yemen (+7.3%) and Israel (+1.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +12.9% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Qatar and Oman increased by +10, +1.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 78% of total imports. Oman, Qatar, Yemen and Israel lagged somewhat behind, together comprising a further 15%.

Among the main importing countries, Yemen, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the import price increased by 9.2% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :