China: Dried Mushroom Market 2024

Dried Mushroom Market Size in China

The Chinese dried mushroom market totaled $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2020 indices. Dried mushroom consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dried Mushroom Production in China

In value terms, dried mushroom production stood at $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 35%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Dried Mushroom Exports

Exports from China

In 2022, overseas shipments of dried mushrooms and truffles increased by 7.5% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 96%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, dried mushroom exports rose notably to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 106% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Italy (X tons) and Vietnam (X tons) were the main destinations of dried mushroom exports from China, together comprising 33% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +29.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Vietnam ($X) and Italy ($X) constituted the largest markets for dried mushroom exported from China worldwide, together comprising 35% of total exports.

Among the main countries of destination, France, with a CAGR of +34.8%, saw the highest growth rate of 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

The average dried mushroom export price stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the export price saw a slight expansion. The most prominent rate of growth was recorded in 2016 an increase of 9.7%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Mushroom Imports

Imports into China

For the third year in a row, China recorded decline in overseas purchases of dried mushrooms and truffles, which decreased by -2.4% to X tons in 2022. In general, imports saw a sharp decline. The pace of growth appeared the most rapid in 2015 when imports increased by 159% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, dried mushroom imports reduced to $X in 2022. Over the period under review, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 53%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of dried mushroom to China, with a 56% share of total imports. Moreover, dried mushroom imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. Hong Kong SAR (X kg) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-23.8% per year) and Hong Kong SAR (-18.5% per year).

In value terms, Germany ($X), the United States ($X) and Hong Kong SAR ($X) constituted the largest dried mushroom suppliers to China, together comprising 50% of total imports.

Germany, with a CAGR of -8.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average dried mushroom import price amounted to $X per ton, declining by -12.7% against the previous year. Overall, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 162%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Singapore ($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 (+89.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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