Manuka Market Overview in the Philippines
The revenue of the manuka market in the Philippines declined dramatically to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a strong expansion. The pace of growth was the most pronounced in 2008 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2018, and then dropped significantly in the following year.