Asia-Pacific: Chestnut Market 2025

Chestnut Market Size in Asia-Pacific

In 2021, the Asia-Pacific chestnut market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Chestnut Production in Asia-Pacific

In value terms, chestnut production totaled $X in 2021 estimated in export price. In general, production showed a slight curtailment. The growth pace was the most rapid in 2016 with an increase of 30%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

The country with the largest volume of chestnut production was China (X tons), comprising approx. 95% of total volume. It was followed by South Korea (X tons), with a 3% share of total production.

In China, chestnut production remained relatively stable over the period from 2012-2021.

In 2021, the average yield of chestnuts in Asia-Pacific declined slightly to X tons per ha, remaining relatively unchanged against 2020 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by 1.6% against the previous year. Over the period under review, the chestnut yield hit record highs at X tons per ha in 2020, and then declined modestly 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 2021, the harvested area of chestnuts in Asia-Pacific fell modestly to X ha, remaining relatively unchanged against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 5.8% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Chestnut Exports

Exports in Asia-Pacific

In 2021, shipments abroad of chestnuts decreased by -5.6% to X tons, falling for the second year in a row after three years of growth. In general, exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chestnut exports dropped to $X in 2021. Over the period under review, exports showed a perceptible descent. The pace of growth was the most pronounced in 2016 when exports increased by 4% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the major exporter of chestnuts, comprising 83% of total exports. It was distantly followed by South Korea (X tons), achieving a 14% share of total exports. Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of chestnuts. Japan (-3.5%) and South Korea (-6.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +8.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest chestnut supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was held by South Korea ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -1.9%. In the other countries, the average annual rates were as follows: South Korea (-7.6% per year) and Japan (-2.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2016 an increase of 18% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the other leaders experienced a decline in the export price figures.

Chestnut Imports

Imports in Asia-Pacific

In 2021, purchases abroad of chestnuts was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a mild downturn. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, chestnut imports surged to $X in 2021. Over the period under review, imports, however, saw a noticeable setback. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), Thailand (X tons) and Japan (X tons) represented roughly 96% of total imports in 2021. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +78.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chestnut importing markets in Asia-Pacific were China ($X), Vietnam ($X) and Thailand ($X), together accounting for 61% of total imports.

Vietnam, with a CAGR of +71.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, with a decrease of -7% against the previous year. In general, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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