Asia: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Asia

After two years of growth, the Asian nuts (prepared or preserved) market decreased by -5.4% to $X in 2021. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Nuts (Prepared Or Preserved) in Asia

In value terms, nuts (prepared or preserved) production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports in Asia

For the seventh consecutive year, Asia recorded growth in overseas shipments of nuts (prepared or preserved), which increased by 11% to X tons in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.6% against 2012 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, nuts (prepared or preserved) exports expanded rapidly to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.3% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), China (X tons) and Vietnam (X tons) represented roughly 74% of total exports in 2021. It was distantly followed by India (X tons), generating a 4.6% share of total exports. The following exporters - Thailand (X tons), Sri Lanka (X tons), Iran (X tons), Hong Kong SAR (X tons) and Myanmar (X tons) - each finished at a 9.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +49.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Vietnam ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, with a combined 77% share of total exports. Thailand, India, Hong Kong SAR, Sri Lanka, Iran and Myanmar lagged somewhat behind, together comprising a further 11%.

Myanmar, with a CAGR of +51.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, surging by 3.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 14%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.3%), while the other leaders experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports in Asia

In 2021, purchases abroad of nuts (prepared or preserved) increased by 14% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +133.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of nuts (prepared or preserved) imports in 2021 were China (X tons), South Korea (X tons) and Japan (X tons), together resulting at 48% of total import. It was distantly followed by Kazakhstan (X tons), generating a 6.1% share of total imports. The following importers - Hong Kong SAR (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Kyrgyzstan (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Singapore (X tons), Saudi Arabia (X tons) and Vietnam (X tons) - together made up 26% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported nuts (prepared or preserved) in Asia, comprising 31% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by South Korea, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +37.6%. In the other countries, the average annual rates were as follows: Japan (+3.3% per year) and South Korea (+10.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 when the import price increased by 15% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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