We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
China - Nuts - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Nuts - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
May 16, 2023

Nuts Import in China Increases Rapidly to $39M in March 2023

China Nuts Imports

In March 2023, purchases abroad of nuts was finally on the rise to reach 14K tons after two months of decline. In general, imports posted strong growth.

In value terms, nuts imports surged to $39M (IndexBox estimates) in March 2023. Overall, imports recorded a pronounced expansion.

COUNTRYImport Value of Nuts in China (million USD)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
United States15.814.420.710.918.218.019.952.793.983.230.813.027.8
South Africa0.70.20.23.210.010.019.219.814.523.46.90.92.3
VietnamN/AN/AN/AN/AN/AN/A0.61.00.70.30.20.12.2
Indonesia2.11.71.61.41.71.72.00.30.80.80.31.02.1
Australia3.85.38.814.025.233.230.845.936.729.013.44.02.0
Iran3.05.21.71.51.00.80.60.84.011.93.90.51.2
BeninN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.30.10.6
TogoN/AN/A0.24.21.41.81.40.4N/A0.4N/A0.7N/A
South KoreaN/AN/AN/AN/AN/AN/A4.34.50.7N/AN/AN/AN/A
Others0.10.61.64.613.813.57.46.25.15.93.20.40.9
Total25.527.434.939.871.379.086.113215615559.020.739.0

Imports by Country

In March 2023, the United States (7.8K tons) constituted the largest nuts supplier to China, accounting for a 57% share of total imports. Moreover, nuts imports from the United States exceeded the figures recorded by the second-largest supplier, Indonesia (1.8K tons), fourfold. Vietnam (1.7K tons) ranked third in terms of total imports with a 12% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume from the United States stood at +4.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+1.0% per month) and Vietnam (+102.5% per month).

In value terms, the United States ($28M) constituted the largest supplier of nuts to China, comprising 71% of total imports. The second position in the ranking was held by South Africa ($2.3M), with a 5.9% share of total imports. It was followed by Vietnam, with a 5.8% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from the United States amounted to +4.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Africa (+10.4% per month) and Vietnam (+57.1% per month).

Imports by Type

Almonds (5.4K tons), nuts, nes (5.2K tons) and pistachios (1.4K tons) were the main products of nuts imports to China, with a combined 87% share of total imports. Cashew nuts and hazelnuts lagged somewhat behind, together accounting for a further 13%.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by cashew nut (with a CAGR of +40.8%), while imports for the other products experienced more modest paces of growth.

In value terms, almonds ($17M), nuts, nes ($11M) and pistachios ($8.6M) appeared to be the most imported types of nuts in China, together accounting for 95% of total imports. These products were followed by hazelnuts and cashew nuts, which together accounted for a further 5.1%.

Import Prices by Country

In March 2023, the nuts price amounted to $2,844 per ton (CIF, China), declining by -12.6% against the previous month. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 19% against the previous month. The import price peaked at $4,244 per ton in November 2022; however, from December 2022 to March 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($7,647 per ton), while the price for Benin ($667 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nuts market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 221 - Almonds
  • FCL 223 - Pistachios
  • FCL 222 - Walnuts
  • FCL 220 - Chestnuts
  • FCL 217 - Cashew nuts
  • FCL 225 - Hazelnuts (Filberts)
  • FCL 216 - Brazil nuts
  • FCL 234 - Nuts nes
  • FCL 224 - Kolanuts
  • FCL 226 - Areca nuts

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Nuts - China
Table
Nuts - China - Table
Dashboard
Nuts - China - Dashboard
Report
Nuts - China - Report