Eastern Asia: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in Eastern Asia

In 2021, the East Asian market for jams, jellies, puree and pastes decreased by -2.9% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 decreased by +0.5% against 2016 indices. The level of consumption peaked at $X in 2020, and then contracted modestly in the following year.

Production of Jams, Jellies, Puree And Pastes in Eastern Asia

In value terms, jam, jelly, puree and paste production contracted to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.8% against 2016 indices. The growth pace was the most rapid in 2016 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Jams, Jellies, Puree And Pastes

Exports in Eastern Asia

In 2021, approx. X tons of jams, jellies, puree and pastes were exported in Eastern Asia; reducing by -10.2% on the previous year. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 9.6% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, jam, jelly, puree and paste exports surged to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 25%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

China represented the key exporting country with an export of about X tons, which accounted for 74% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), mixing up an 18% share of total exports. South Korea (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, South Korea (+9.9%), Taiwan (Chinese) (+5.7%) and Hong Kong SAR (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.9% from 2012-2021. From 2012 to 2021, the share of Taiwan (Chinese) and South Korea increased by +10 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest jam, jelly, puree and paste supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 19% share of total exports. It was followed by South Korea, with a 6% share.

In China, jam, jelly, puree and paste exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+12.2% per year) and South Korea (+12.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 39% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, jam, jelly, puree and paste export price increased by +96.4% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Jams, Jellies, Puree And Pastes

Imports in Eastern Asia

In 2021, overseas purchases of jams, jellies, puree and pastes were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, jam, jelly, puree and paste imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of jams, jellies, puree and pastes, namely China, Japan and South Korea, represented more than two-thirds of total import. Hong Kong SAR (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held near 18% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jam, jelly, puree and paste importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 77% of total imports.

China, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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