Eastern Asia: Nuts Market 2024

Nuts Market Size in Eastern Asia

The East Asian nuts market shrank to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Nuts Production in Eastern Asia

In value terms, nuts production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of nuts production was China (X tons), accounting for X% of total volume. It was followed by Taiwan (Chinese) (X tons), with a X% share of total production.

In China, nuts production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

In 2022, the average nuts yield in Eastern Asia dropped modestly to X tons per ha, almost unchanged from the year before. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021, and then fell in the following year. 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 nuts production in Eastern Asia amounted to X ha, almost unchanged from the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Nuts Exports

Exports in Eastern Asia

In 2022, the amount of nuts exported in Eastern Asia dropped remarkably to X tons, which is down by X% compared with 2021 figures. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, nuts exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), constituting an X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the nuts exports, with a CAGR of X% from 2012 to 2022. South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a slight contraction. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Nuts Imports

Imports in Eastern Asia

In 2022, nuts imports in Eastern Asia shrank markedly to X tons, dropping by X% on the year before. Overall, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nuts imports fell sharply to $X in 2022. Over the period under review, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), Japan (X tons) and South Korea (X tons) took a little share of total imports.

China was also the fastest-growing in terms of the nuts imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported nuts in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In China, nuts imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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