China: Peach And Nectarine Market 2025

Peach And Nectarine Market Size in China

In 2021, after four years of growth, there was decline in the Chinese peach and nectarine market, when its value decreased by -3.1% to $X. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.1% against 2012 indices. Over the period under review, the market attained the peak level at $X in 2020, and then contracted modestly in the following year.

Peach And Nectarine Production in China

In value terms, peach and nectarine production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +120.0% against 2012 indices. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. Peach and nectarine production peaked at $X in 2020, and then fell in the following year.

In 2021, the average peach and nectarine yield in China reduced slightly to X tons per ha, stabilizing at the previous year. The yield figure increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the yield increased by 9.9%. The peach and nectarine yield peaked at X tons per ha in 2020, and then dropped 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.

The peach and nectarine harvested area in China amounted to X ha in 2021, leveling off at the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by 14%. As a result, the harvested area reached 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 from China

In 2021, approx. X tons of peaches and nectarines were exported from China; with a decrease of -42.4% compared with 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 91%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, peach and nectarine exports dropped rapidly to $X in 2021. Over the period under review, exports, however, recorded notable growth. The pace of growth was the most pronounced in 2019 with an increase of 119% against the previous year. 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

Vietnam (X tons) was the main destination for peach and nectarine exports from China, accounting for a 55% share of total exports. Moreover, peach and nectarine exports to Vietnam exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+92.9% per year) and Hong Kong SAR (+9.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for peach and nectarine exports from China, comprising 63% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total exports. It was followed by Kyrgyzstan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+21.7% per year) and Kyrgyzstan (+94.1% per year).

Export Prices by Country

In 2021, the average peach and nectarine export price amounted to $X per ton, reducing by -16.6% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2020, and then contracted remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Peach And Nectarine Imports

Imports into China

In 2021, overseas purchases of peaches and nectarines decreased by -9.9% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,502%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, peach and nectarine imports shrank to $X in 2021. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 1,690% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of peach and nectarine to China, with a 78% share of total imports. Moreover, peach and nectarine imports from Chile exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold.

From 2014 to 2021, the average annual growth rate of volume from Chile stood at +57.0%.

In value terms, Chile ($X) and Australia ($X) appeared to be the largest peach and nectarine suppliers to China.

Australia, with a CAGR of +377.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average peach and nectarine import price stood at $X per ton in 2021, shrinking by -5.2% against the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Chile totaled $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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