Eastern Asia: Fruit Flour Market 2024

Fruit Flour Market Size in Eastern Asia

The East Asian fruit flour market reached $X in 2022, surging by 13% against the previous year. Over the period under review, consumption showed strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fruit Flour Production in Eastern Asia

In value terms, fruit flour production totaled $X in 2022 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 43%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fruit Flour Exports

Exports in Eastern Asia

Fruit flour exports stood at X tons in 2022, picking up by 10% on the year before. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 40%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, fruit flour exports surged to $X in 2022. In general, exports saw a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 61% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and Taiwan (Chinese) (X tons) represented roughly 97% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +27.7%).

In value terms, China ($X) remains the largest fruit flour supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total exports.

In China, fruit flour exports expanded at an average annual rate of +19.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 10% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit flour export price decreased by -25.0% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 32% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%).

Fruit Flour Imports

Imports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded growth in purchases abroad of fruit flour, which increased by 3.2% to X tons in 2022. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 46%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, fruit flour imports reduced modestly to $X in 2022. Over the period under review, imports recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 with an increase of 39%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of fruit flour imports in 2022 were Japan (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and China (X tons), together reaching 100% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 81% of total imports. China and Hong Kong SAR lagged somewhat behind, together accounting for a further 19%.

Hong Kong SAR, with a CAGR of +13.6%, recorded the highest growth rate of the value of imports, among 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 Eastern Asia stood at $X per ton in 2022, reducing by -5% against the previous year. Over the period under review, the import price, however, saw modest growth. The most prominent rate of growth was recorded in 2015 when the import price increased by 74% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a 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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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