Report Update Nov 1, 2024

Venezuela - Manuka - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Manuka Market 2024

Manuka Market Size in Venezuela

The Venezuelan manuka market rose to $X in 2022, picking up by 1.7% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +3.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Manuka Production in Venezuela

In value terms, manuka production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 81%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Manuka Exports

Exports from Venezuela

In 2019, manuka exports from Venezuela totaled X kg, remaining constant against 2018. Over the period under review, exports faced a dramatic slump. The smallest decline of -19.4% was in 2015. The exports peaked at X kg in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, manuka exports amounted to $X in 2019. Overall, exports saw a abrupt curtailment. The smallest decline of -15.7% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for manuka exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Panama was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

In 2019, the average manuka export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2013 when the average export price increased by 105%. The export price peaked in 2019 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2019, the rate of growth in terms of prices for Aruba amounted to +1.9% per year.

Manuka Imports

Imports into Venezuela

In 2022, overseas purchases of manuka were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 310%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, manuka imports surged to $X in 2022. Over the period under review, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 315% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Panama (X tons) and Turkey (X tons) were the main suppliers of manuka imports to Venezuela, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), the United States ($X) and Austria ($X) constituted the largest manuka suppliers to Venezuela, together accounting for 73% of total imports. Turkey, Spain and Mexico lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Turkey, with a CAGR of +78.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average manuka import price amounted to $X per ton, with an increase of 16% against the previous year. In general, the import price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2020 an increase of 35%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 Austria ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+44.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for manuka in the world?

The countries with the highest volumes of manuka consumption in 2021 were China, the United States and Turkey, with a combined 38% share of global consumption. Iran, Germany, Russia, the UK, Japan, France, Canada, Poland, Spain and Mexico lagged somewhat behind, together comprising a further 27%.

What are the largest producers of manuka in the world?

China constituted the country with the largest volume of manuka production, comprising approx. 25% of total volume. Moreover, manuka production in China exceeded the figures recorded by the second-largest producer, Turkey, fourfold. Ukraine ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of manuka to Venezuela?

In value terms, the United States, Austria and Turkey constituted the largest manuka suppliers to Venezuela, with a combined 74% share of total imports.

What are the leading importers of manuka from Venezuela?

In value terms, Aruba remains the key foreign market for manuka exports from Venezuela.

What is the average export price for manuka in Venezuela?

In 2017, the average manuka export price amounted to $1,120 per ton, rising by 2.6% against the previous year.

What is the average import price for manuka in Venezuela?

In 2021, the average manuka import price amounted to $2,469 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the manuka market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1182 - Honey

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023