Pakistan: Manuka Market 2024

Manuka Market Size in Pakistan

In 2022, the Pakistani manuka market decreased by -73.9% to $X, falling for the fourth year in a row after seven years of growth. In general, consumption faced a dramatic downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Manuka Production in Pakistan

In value terms, manuka production declined dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 91%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Manuka Exports

Exports from Pakistan

In 2022, overseas shipments of manuka increased by 11% to X tons, rising for the fifth year in a row after five years of decline. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 177%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, manuka exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +3.0% 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 49% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for manuka exports from Pakistan, accounting for a 64% share of total exports. Moreover, manuka exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Kuwait (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.6% per year) and Kuwait (+24.3% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for manuka exports from Pakistan, comprising 72% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.3% share of total exports. It was followed by Kuwait, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+4.7% per year) and Kuwait (+10.0% per year).

Export Prices by Country

In 2022, the average manuka export price amounted to $X per ton, dropping by -13.6% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 55%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the 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 Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.5%), while the prices for the other major destinations experienced a decline.

Manuka Imports

Imports into Pakistan

In 2022, overseas purchases of manuka increased by 4.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded temperate growth. The pace of growth appeared the most rapid in 2013 when imports increased by 56% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, manuka imports declined significantly to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 103%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of manuka to Pakistan, accounting for a 54% share of total imports. Moreover, manuka imports from Germany exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.0% per year) and Saudi Arabia (+5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of manuka to Pakistan, comprising 64% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+5.9% per year) and the United Arab Emirates (-4.4% per year).

Import Prices by Country

In 2022, the average manuka import price amounted to $X per ton, with a decrease of -45.3% against the previous year. Overall, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. The import price peaked at $X per ton in 2021, and then shrank significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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