Asia-Pacific: Mushroom And Truffle Market 2025

Mushroom And Truffle Market Size in Asia-Pacific

In 2022, after two years of growth, there was decline in the Asia-Pacific mushroom and truffle market, when its value decreased by -0.8% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Mushroom And Truffle Production in Asia-Pacific

In value terms, mushroom and truffle production stood at $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 with an increase of 100% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of mushroom and truffle production, comprising approx. 98% of total volume.

From 2012 to 2022, the average annual growth rate of volume in China totaled +3.7%.

Mushroom And Truffle Exports

Exports in Asia-Pacific

In 2022, overseas shipments of mushrooms and truffles decreased by -0.8% to X tons, falling for the second year in a row after nine years of growth. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, mushroom and truffle exports declined to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 16%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 82% of total exports in 2022. It was distantly followed by South Korea (X tons), creating a 7.3% share of total exports. The following exporters - Thailand (X tons) and Malaysia (X tons) - together made up 7.3% of total exports.

China was also the fastest-growing in terms of the mushrooms and truffles exports, with a CAGR of +12.8% from 2012 to 2022. At the same time, Thailand (+11.8%) and Malaysia (+7.9%) displayed positive paces of growth. By contrast, South Korea (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mushroom and truffle supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports. It was followed by Malaysia, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +5.0%. In the other countries, the average annual rates were as follows: South Korea (+0.7% per year) and Malaysia (-0.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with a decrease of -14% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other leaders experienced a decline in the export price figures.

Mushroom And Truffle Imports

Imports in Asia-Pacific

For the eleventh consecutive year, Asia-Pacific recorded growth in purchases abroad of mushrooms and truffles, which increased by 1.6% to X tons in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 26%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, mushroom and truffle imports dropped dramatically to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. The level of import peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Vietnam (X tons) represented the main importer of mushrooms and truffles, achieving 49% of total imports. Thailand (X tons) ranks second in terms of the total imports with a 15% share, followed by Singapore (9.7%), Malaysia (9.2%) and Hong Kong SAR (7%). Australia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the mushrooms and truffles imports, with a CAGR of +55.2% from 2012 to 2022. At the same time, Malaysia (+9.5%), Indonesia (+8.9%), Thailand (+8.1%), Australia (+8.1%) and Singapore (+5.8%) displayed positive paces of growth. By contrast, Hong Kong SAR (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by +47 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported mushrooms and truffles in Asia-Pacific, comprising 38% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +33.7%. In the other countries, the average annual rates were as follows: Thailand (+13.1% per year) and Singapore (+1.1% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, falling by -30.3% against the previous year. Overall, the import price showed a deep downturn. The growth pace was the most rapid in 2021 an increase of 2.7%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Australia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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