Eastern Asia: Dried Mushroom Market 2024

Dried Mushroom Market Size in Eastern Asia

In 2022, the East Asian dried mushroom market decreased by -1.6% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -3.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dried Mushroom Production in Eastern Asia

In value terms, dried mushroom production stood at $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 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 in Eastern Asia

In 2022, overseas shipments of dried mushrooms and truffles were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate notable growth. The pace of growth was the most pronounced in 2013 with an increase of 91%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, dried mushroom exports rose rapidly to $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 103% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of dried mushrooms and truffles, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the dried mushrooms and truffles exports, with a CAGR of +5.0% from 2012 to 2022. While the share of China (+3.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest dried mushroom supplier in Eastern Asia.

In China, dried mushroom exports expanded at an average annual rate of +6.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2019 an increase of 8.5%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.0% per year.

Dried Mushroom Imports

Imports in Eastern Asia

In 2022, overseas purchases of dried mushrooms and truffles decreased by -46.1% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, dried mushroom imports declined sharply to $X in 2022. In general, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) was the major importer of dried mushrooms and truffles, committing 63% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 14% share, followed by Japan (13%) and South Korea (9.3%).

Hong Kong SAR was also the fastest-growing in terms of the dried mushrooms and truffles imports, with a CAGR of +6.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+3.7%) displayed positive paces of growth. By contrast, South Korea (-3.4%) and Japan (-10.9%) illustrated a downward trend over the same period. Hong Kong SAR (+30 p.p.) and Taiwan (Chinese) (+4 p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by -4% and -28.1% from 2012 to 2022, respectively.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported dried mushrooms and truffles in Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR stood at +5.5%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-11.9% per year) and Taiwan (Chinese) (+5.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by 1.6% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the import price increased by 39% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :