Canada: Manuka Market 2024

Manuka Market Size in Canada

In 2022, the Canadian manuka market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Manuka Production in Canada

In value terms, manuka production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Manuka Exports

Exports from Canada

In 2022, shipments abroad of manuka increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, manuka exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a pronounced decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Japan (X tons) and China (X tons) were the main destinations of manuka exports from Canada, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for manuka exported from Canada were the United States ($X), Japan ($X) and China ($X), together comprising X% of total exports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average manuka export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Manuka Imports

Imports into Canada

In 2022, overseas purchases of manuka increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, manuka imports skyrocketed to $X in 2022. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of manuka to Canada, accounting for a X% share of total imports. Moreover, manuka imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, New Zealand ($X), Brazil ($X) and the United States ($X) constituted the largest manuka suppliers to Canada, with a combined X% share of total imports. Australia, India, Spain, Thailand, Ukraine, Greece, Saudi Arabia, Argentina, Turkey and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, picking up by X% against the previous year. In general, the import price recorded slight growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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