Asia: Candied Fruit Market 2024

Candied Fruit Market Size in Asia

The Asian candied fruit market expanded rapidly to $X in 2021, with an increase of 6.4% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.7% against 2013 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Candied Fruit Production in Asia

In value terms, candied fruit production reached $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.9% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

China (X tons) remains the largest candied fruit producing country in Asia, comprising approx. 45% of total volume. Moreover, candied fruit production in China exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. India (X tons) ranked third in terms of total production with an 11% share.

In China, candied fruit production increased at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (-0.9% per year) and India (+6.0% per year).

Candied Fruit Exports

Exports in Asia

In 2021, after three years of decline, there was significant growth in overseas shipments of candied fruits, when their volume increased by 6.4% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 21%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, candied fruit exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

China (X tons) and Thailand (X tons) prevails in exports structure, together mixing up 91% of total exports. The following exporters - India (X tons) and Vietnam (X tons) - each amounted to a 4.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 96% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +26.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 when the export price increased by 10% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020, and then dropped modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced more modest paces of growth.

Candied Fruit Imports

Imports in Asia

In 2021, approx. X tons of candied fruits were imported in Asia; with an increase of 16% on the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.8% against 2012 indices. The growth pace was the most rapid in 2020 when imports increased by 23% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, candied fruit imports soared to $X in 2021. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Thailand (X tons) represented the largest importers of candied fruits in 2021, finishing at approx. 29% and 22% of total imports, respectively. Japan (X tons) held a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (7.3%) and Kazakhstan (6%). Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Vietnam (X tons), South Korea (X tons), Singapore (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported candied fruits in Asia, comprising 35% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports. It was followed by Japan, with a 12% share.

In China, candied fruit imports expanded at an average annual rate of +30.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+22.6% per year) and Japan (-3.8% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 7.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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