Asia: Chestnut Market 2024

Chestnut Market Size in Asia

The Asian chestnut market declined modestly to $X in 2022, leveling off at the previous year. Overall, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Chestnut Production in Asia

In value terms, chestnut production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

China (X tons) remains the largest chestnut producing country in Asia, accounting for X% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Turkey (X tons), more than tenfold.

In China, chestnut production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Turkey (X% per year) and South Korea (X% per year).

In 2022, the average yield of chestnuts in Asia stood at X tons per ha, approximately mirroring the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of chestnuts production in Asia amounted to X ha, leveling off at the previous year's figure. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to chestnut production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Chestnut Exports

Exports in Asia

In 2022, after two years of decline, there was significant growth in shipments abroad of chestnuts, when their volume increased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, chestnut exports expanded remarkably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of chestnuts in Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Turkey (X tons) held the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of chestnuts. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while China and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest chestnut supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Turkey (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Chestnut Imports

Imports in Asia

In 2022, purchases abroad of chestnuts increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, chestnut imports expanded markedly to $X in 2022. In general, imports, however, showed a mild decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons) and South Korea (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Japan (X tons) and Israel (X tons), together committing a X% share of total imports. The following importers - Jordan (X tons), Azerbaijan (X tons), Lebanon (X tons), Iraq (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chestnut importing markets in Asia were Thailand ($X), China ($X) and Vietnam ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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