Asia: Dried Prune Market 2024

Dried Prune Market Size in Asia

The Asian dried prune market amounted to $X in 2022, surging by 9.9% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dried Prune Production in Asia

In value terms, dried prune production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Dried Prune Exports

Exports in Asia

For the fourth year in a row, Asia recorded growth in shipments abroad of dried prunes, which increased by 90% to X tons in 2022. Overall, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried prune exports surged to $X in 2022. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan prevails in exports structure, reaching X tons, which was approx. 73% of total exports in 2022. It was distantly followed by China (X tons), Iran (X tons) and Hong Kong SAR (X tons), together achieving a 15% share of total exports. The following exporters - Turkey (X tons), Afghanistan (X tons) and the United Arab Emirates (X tons) - together made up 7.9% of total exports.

Uzbekistan was also the fastest-growing in terms of the dried prunes exports, with a CAGR of +23.3% from 2012 to 2022. At the same time, Afghanistan (+20.7%), Turkey (+14.8%), Iran (+9.0%) and China (+1.3%) displayed positive paces of growth. By contrast, the United Arab Emirates (-4.0%) and Hong Kong SAR (-8.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +50 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest dried prune supplier in Asia, comprising 64% of total exports. The second position in the ranking was held by Turkey ($X), with a 9.6% share of total exports. It was followed by China, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan totaled +24.5%. In the other countries, the average annual rates were as follows: Turkey (+20.5% per year) and China (-5.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by -4.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat 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 Turkey ($X per ton), while the United Arab Emirates ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Dried Prune Imports

Imports in Asia

Dried prune imports soared to X tons in 2022, picking up by 40% against the year before. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.7% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dried prune imports soared to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main importer of dried prunes, generating 32% of total imports. Pakistan (X tons) held the second position in the ranking, followed by Turkey (X tons), Japan (X tons) and Israel (X tons). All these countries together took near 42% share of total imports. The following importers - Vietnam (X tons), Kazakhstan (X tons), India (X tons), South Korea (X tons) and Malaysia (X tons) - together made up 15% of total imports.

Imports into China increased at an average annual rate of +9.6% from 2012 to 2022. At the same time, Pakistan (+52.6%), Turkey (+24.8%), Kazakhstan (+21.3%), India (+17.2%), Israel (+5.5%), Vietnam (+1.3%) and South Korea (+1.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +52.6% from 2012-2022. By contrast, Malaysia (-4.6%) and Japan (-8.3%) illustrated a downward trend over the same period. Pakistan (+15 p.p.), China (+14 p.p.), Turkey (+9 p.p.), Kazakhstan (+2.8 p.p.) and India (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Japan saw its share reduced by -2.2% and -25.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined 66% share of total imports. Israel, South Korea, Vietnam, Pakistan, India, Malaysia and Kazakhstan lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Pakistan, with a CAGR of +43.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the import price increased by 13% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, 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 ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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