Asia-Pacific: Chestnut Market 2024

Chestnut Market Size in Asia-Pacific

The Asia-Pacific chestnut market shrank slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, saw a slight contraction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Chestnut Production in Asia-Pacific

In value terms, chestnut production declined slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

China (X tons) constituted the country with the largest volume of chestnut production, comprising approx. X% of total volume. It was followed by South Korea (X tons), with a X% share of total production.

In China, chestnut production remained relatively stable over the period from 2012-2022.

The average chestnut yield totaled X tons per ha in 2022, almost unchanged from 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 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, approx. X ha of chestnuts were harvested in Asia-Pacific; remaining relatively unchanged against 2021. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Chestnut Exports

Exports in Asia-Pacific

In 2022, after two years of decline, there was growth in overseas shipments of chestnuts, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, chestnut exports reached $X in 2022. Overall, exports, however, saw a noticeable downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by South Korea (X tons), making up a X% share of total exports. Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of chestnuts. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, chestnut exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Chestnut Imports

Imports in Asia-Pacific

In 2022, overseas purchases of chestnuts increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a mild shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, chestnut imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a noticeable descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of chestnuts, namely Thailand, China, Taiwan (Chinese), Vietnam and South Korea, represented more than two-thirds of total import. It was distantly followed by Japan (X tons), comprising a X% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Vietnam, with a CAGR of X%, recorded the highest growth rate of 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-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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