Uzbekistan: Manuka Market 2024

Manuka Market Size in Uzbekistan

The Uzbek manuka market reduced to $X in 2022, shrinking by -2.8% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.9% against 2017 indices. Manuka consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Manuka Production in Uzbekistan

In value terms, manuka production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value 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, production increased by +2.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Manuka Exports

Exports from Uzbekistan

In 2022, exports of manuka from Uzbekistan soared to X tons, picking up by 421% compared with 2021 figures. Overall, exports continue to indicate a strong expansion. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, manuka exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for manuka exports from Uzbekistan, accounting for a 96% share of total exports. Moreover, manuka exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold.

From 2017 to 2022, the average annual rate of growth in terms of volume to the United States stood at +33.1%.

In value terms, the United States ($X) emerged as the key foreign market for manuka exports from Uzbekistan, comprising 96% of total exports. The second position in the ranking was taken by South Korea ($X), with a 3.2% share of total exports.

From 2017 to 2022, the average annual growth rate of value to the United States totaled +37.7%.

Export Prices by Country

In 2022, the average manuka export price amounted to $X per ton, waning by -39.1% against the previous year. Overall, the export price, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 when the average export price increased by 141% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea stood at $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Manuka Imports

Imports into Uzbekistan

Manuka imports into Uzbekistan amounted to X tons in 2022, rising by 2.1% against the previous year. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 13,037% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, manuka imports dropped dramatically to $X in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 14,823%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

Russia (X tons), Kazakhstan (X tons) and the United Arab Emirates (X tons) were the main suppliers of manuka imports to Uzbekistan, together comprising 99% of total imports.

From 2017 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +189.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) constituted the largest supplier of manuka to Uzbekistan, comprising 75% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 21% share of total imports.

From 2017 to 2022, the average annual growth rate of value from Russia totaled +117.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+165.1% per year) and the United Arab Emirates (-12.9% per year).

Import Prices by Country

In 2022, the average manuka import price amounted to $X per ton, waning by -41% against the previous year. In general, the import price, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+105.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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