Latvia - Manuka - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingManuka Price in Latvia - 2023
Contents:
- Manuka Price in Latvia (FOB) - 2023
- Manuka Price in Latvia (CIF) - 2022
- Manuka Exports in Latvia
- Manuka Imports in Latvia
Manuka Price in Latvia (FOB) - 2023
The average manuka export price stood at $4,342 per ton in September 2023, jumping by 17% against the previous month. In general, export price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, manuka export price increased by +17.3% against August 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 29% m-o-m. The export price peaked at $6,669 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the UK ($12,329 per ton), while the average price for exports to Poland ($2,961 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Manuka Price in Latvia (CIF) - 2022
In 2022, the average manuka import price amounted to $3,721 per ton, surging by 14% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manuka import price increased by +58.3% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
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 Sweden ($6,620 per ton), while the price for China ($2,255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Manuka Exports in Latvia
After three years of growth, shipments abroad of manuka decreased by -5.4% to 557 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 103%. As a result, the exports attained the peak of 589 tons, and then reduced in the following year.
In value terms, manuka exports contracted modestly to $2.4M in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 116% against the previous year. As a result, the exports attained the peak of $2.4M, and then declined modestly in the following year.
| Export of Manuka in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 128 | 617 | 1,437 | 735 | 79.1% |
| Germany | 216 | 39.1 | 259 | 522 | 34.2% |
| Estonia | 266 | 280 | 326 | 485 | 22.2% |
| United Kingdom | 33.0 | 64.3 | 143 | 263 | 99.7% |
| Netherlands | N/A | 0.2 | 120 | 203 | 3085.9% |
| Lithuania | 80.8 | 100 | 114 | 111 | 11.2% |
| Ireland | 14.3 | 29.4 | 38.3 | 32.4 | 31.3% |
| Others | 10.3 | 4.7 | 11.0 | 35.7 | 51.3% |
| Total | 748 | 1,135 | 2,449 | 2,387 | 47.2% |
Top Export Markets for Manuka from Latvia in 2022:
- Poland (213.8 tons)
- Germany (133.5 tons)
- Estonia (114.6 tons)
- United Kingdom (31.5 tons)
- Netherlands (25.6 tons)
- Lithuania (25.6 tons)
- Ireland (7.0 tons)
Manuka Imports in Latvia
In 2022, approx. 364 tons of manuka were imported into Latvia; with an increase of 8.6% on the previous year. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, manuka imports surged to $1.4M in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Manuka in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 271 | 301 | 316 | 375 | 11.4% |
| Germany | 9.2 | 26.7 | 194 | 310 | 223.0% |
| China | 110 | 47.3 | 64.0 | 183 | 18.5% |
| Belgium | N/A | N/A | N/A | 169 | 0% |
| Poland | 240 | 344 | 462 | 113 | -22.2% |
| Sweden | 32.9 | 28.5 | 33.4 | 82.5 | 35.9% |
| Others | 17.4 | 60.3 | 26.0 | 121 | 90.9% |
| Total | 681 | 808 | 1,095 | 1,353 | 25.7% |
Top Suppliers of Manuka to Latvia in 2022:
- Lithuania (109.0 tons)
- China (81.2 tons)
- Belgium (60.9 tons)
- Germany (53.2 tons)
- Poland (33.9 tons)
- Sweden (12.5 tons)
This report provides an in-depth analysis of the manuka market in Latvia. 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:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
95
This report provides an in-depth analysis of the manuka market in Latvia.
707
This report provides an in-depth analysis of the honey market in Latvia.
1343
This report provides an in-depth analysis of the global manuka market.
14432
This report provides an in-depth analysis of the global honey market.
95
This report provides an in-depth analysis of the manuka market in Latvia.
707
This report provides an in-depth analysis of the honey market in Latvia.
1343
This report provides an in-depth analysis of the global manuka market.
14432
This report provides an in-depth analysis of the global honey market.
317
Explore the top import markets for Manuka honey and discover key statistics and market trends. Find out which countries are leading in the import value of Manuka honey.
1730
The value of total imports on the global manuka market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, manuka imports reached X tons in 2015, an increase of X tons
1493
The global manuka honey market earned total revenues of X million USD in 2015, representing a compound annual growth rate (CAGR) of +X% from 2007 to 2015.
5009
In 2016, the market value of honey totaled $X. A slight drop in 2009 was followed by a sharp increase over the period from 2010-2013. However, the market value declined over the next two years, which was then followed by a recovery in 2016. Equall
10208
Global honey consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
3730
Global honey imports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
3249
In 2015 the global honey market value totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011.
1876
Global honey market production was estimated at X million USD in 2015, which was X million USD (or X%) below the peak production level of 2013.
3133
The value of total imports on the global honey market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of honey reached X thousand tons in 2015, which was X tho
9466
In 2015, the global market value of honey totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011. The next four years were characterized by mixed dynamics. In physical terms, the market showed gradual increase ov
