Sweden: Manuka Market 2024

Manuka Market Size in Sweden

In 2022, the Swedish manuka market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Manuka Production in Sweden

In value terms, manuka production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Manuka Exports

Exports from Sweden

In 2022, manuka exports from Sweden expanded notably to X tons, picking up by 6.1% compared with the previous year. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 119% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, manuka exports stood at $X in 2022. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 90% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of manuka exports from Sweden, together comprising 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +62.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Latvia ($X) constituted the largest markets for manuka exported from Sweden worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +66.4%, recorded the highest rates of growth with regard to 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

The average manuka export price stood at $X per ton in 2022, shrinking by -3.6% against the previous year. Over the period under review, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 18%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while the average price for exports to Denmark ($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 France (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Sweden

In 2022, purchases abroad of manuka increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 23% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, manuka imports stood at $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), Denmark (X tons) and France (X tons) were the main suppliers of manuka imports to Sweden, with a combined 80% share of total imports. Germany, China, Spain and the Netherlands lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Belgium ($X) and France ($X) were the largest manuka suppliers to Sweden, with a combined 77% share of total imports. Germany, China, Spain and the Netherlands lagged somewhat behind, together accounting for a further 17%.

The Netherlands, with a CAGR of +42.9%, saw the highest growth rate of the value of imports, among 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, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 9.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and China ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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