Eastern Asia: Mango And Mangosteen Market 2024

Mango And Mangosteen Market Size in Eastern Asia

The East Asian mango and mangosteen market totaled $X in 2022, picking up by 2.6% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 -3.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mango And Mangosteen Production in Eastern Asia

In value terms, mango and mangosteen production amounted to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 85%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of mango and mangosteen production was China (X tons), comprising approx. 96% of total volume. Moreover, mango and mangosteen production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (X tons), more than tenfold.

In China, mango and mangosteen production expanded at an average annual rate of +3.3% over the period from 2012-2022.

In 2022, the average mango and mangosteen yield in Eastern Asia was estimated at X tons per ha, approximately equating the previous year. The yield figure increased at an average annual rate of +2.3% from 2012 to 2022; 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 2013 when the yield increased by 11% against the previous year. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of mangoes, mangosteens and guavas production in Eastern Asia contracted slightly to X ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by 5.7% against the previous year. Over the period under review, the harvested area dedicated to mango and mangosteen production attained the peak figure at X ha in 2021, and then declined modestly in the following year.

Mango And Mangosteen Exports

Exports in Eastern Asia

In 2022, the amount of mangoes, mangosteens and guavas exported in Eastern Asia surged to X tons, rising by 18% on the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 88% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, mango and mangosteen exports skyrocketed to $X in 2022. In general, exports saw resilient growth. The growth pace was the most rapid in 2019 with an increase of 86%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) and Hong Kong SAR (X tons) represented the key exporters of mangoes, mangosteens and guavas in Eastern Asia, together amounting to approx. 87% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), committing a 13% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +27.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest mango and mangosteen supplying countries in Eastern Asia were Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 100% share of total exports.

China, with a CAGR of +35.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 1.8% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mango and mangosteen export price increased by +12.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.9%), while the other leaders experienced mixed trends in the export price figures.

Mango And Mangosteen Imports

Imports in Eastern Asia

Mango and mangosteen imports rose rapidly to X tons in 2022, increasing by 12% compared with the previous year's figure. In general, imports saw a perceptible increase. The pace of growth was the most pronounced in 2019 when imports increased by 103% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mango and mangosteen imports fell to $X in 2022. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 94% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) represented the main importer of mangoes, mangosteens and guavas, making up 78% of total imports. Hong Kong SAR (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (6.5%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mango and mangosteen imports into China stood at +8.5%. At the same time, South Korea (+23.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +23.0% from 2012-2022. By contrast, Japan (-2.3%) and Hong Kong SAR (-7.2%) illustrated a downward trend over the same period. China (+24 p.p.) and South Korea (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -2% and -27.3% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported mangoes, mangosteens and guavas in Eastern Asia, comprising 73% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by South Korea, with an 11% share.

In China, mango and mangosteen imports increased at an average annual rate of +12.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+3.3% per year) and South Korea (+22.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by -16.4% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mango and mangosteen import price increased by +24.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 49%. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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