Ukraine: Manuka Market 2024

Manuka Market Size in Ukraine

After three years of decline, the Ukrainian manuka market increased by 285% to $X in 2022. In general, consumption, however, recorded a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Manuka Production in Ukraine

In value terms, manuka production reduced to $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. Manuka production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Manuka Exports

Exports from Ukraine

In 2022, shipments abroad of manuka decreased by -20.9% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 68%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, manuka exports contracted slightly to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 76%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main destinations of manuka exports from Ukraine, together comprising 53% of total exports. The United States, Italy, the Czech Republic, Spain, Belgium, Lithuania, Hungary, Slovakia, Bulgaria and Denmark lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +286.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and France ($X) constituted the largest markets for manuka exported from Ukraine worldwide, with a combined 53% share of total exports.

France, with a CAGR of +258.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 20% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manuka export price increased by +66.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Denmark ($X per ton), while the average price for exports to Lithuania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Ukraine

Manuka imports into Ukraine skyrocketed to X tons in 2022, rising by 372% against the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 608% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, manuka imports soared to $X in 2022. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 354%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X tons) constituted the largest manuka supplier to Ukraine, with a 61% share of total imports. Moreover, manuka imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.6% per year) and Italy (0.0% per year).

In value terms, the UK ($X) constituted the largest supplier of manuka to Ukraine, comprising 65% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.1% per year) and Italy (0.0% per year).

Import Prices by Country

The average manuka import price stood at $X per ton in 2022, falling by -20.5% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :