Asia-Pacific: Peach And Nectarine Market 2025

Peach And Nectarine Market Size in Asia-Pacific

In 2021, the Asia-Pacific peach and nectarine market decreased by -2.7% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +67.1% against 2012 indices. Over the period under review, the market attained the peak level at $X in 2020, and then dropped slightly in the following year.

Peach And Nectarine Production in Asia-Pacific

In value terms, peach and nectarine production declined to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 increased by +89.2% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26%. The level of production peaked at $X in 2020, and then fell slightly in the following year.

The country with the largest volume of peach and nectarine production was China (X tons), comprising approx. 94% of total volume. It was followed by India (X tons), with a 1.7% share of total production.

In China, peach and nectarine production increased at an average annual rate of +3.0% over the period from 2012-2021.

In 2021, the average yield of peaches and nectarines in Asia-Pacific dropped slightly to X tons per ha, approximately equating the year before. The yield figure increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 9.8%. The level of yield peaked 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, approx. X ha of peaches and nectarines were harvested in Asia-Pacific; almost unchanged from 2020. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 13% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2021, the growth of the peach and nectarine harvested area remained at a somewhat lower figure.

Peach And Nectarine Exports

Exports in Asia-Pacific

In 2021, exports of peaches and nectarines in Asia-Pacific shrank notably to X tons, dropping by -24.1% on the year before. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 66%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, peach and nectarine exports reduced rapidly to $X in 2021. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2019 with an increase of 67%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of peaches and nectarines in Asia-Pacific, with the volume of exports amounting to X tons, which was approx. 50% of total exports in 2021. Hong Kong SAR (X tons) took the second position in the ranking, distantly followed by Australia (X tons). All these countries together held near 47% share of total exports. Japan (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +59.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Australia ($X) were the countries with the highest levels of exports in 2021, with a combined 87% share of total exports.

In terms of the main exporting countries, Hong Kong SAR, with a CAGR of +61.2%, 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-Pacific amounted to $X per ton, surging by 1.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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 China (+4.3%), while the other leaders experienced more modest paces of growth.

Peach And Nectarine Imports

Imports in Asia-Pacific

In 2021, after six years of growth, there was decline in supplies from abroad of peaches and nectarines, when their volume decreased by -0.8% to X tons. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. The volume of import peaked at X tons in 2020, and then shrank modestly in the following year.

In value terms, peach and nectarine imports contracted slightly to $X in 2021. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 51% against the previous year. The level of import peaked at $X in 2020, and then fell slightly in the following year.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) represented roughly 73% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 14% share of total imports. The following importers - Singapore (X tons), Malaysia (X tons) and Australia (X tons) - together made up 6.5% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +542.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peach and nectarine importing markets in Asia-Pacific were Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 84% of total imports.

China, with a CAGR of +440.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2014 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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