Eastern Asia: Market for Non-Citrus Fruits Not Elsewhere Classified 2024

Market Size for Non-Citrus Fruits Not Elsewhere Classified in Eastern Asia

For the fourth consecutive year, the East Asian market for non-citrus fruits not elsewhere classified recorded growth in sales value, which increased by 1.5% to $X in 2022. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Non-Citrus Fruits Not Elsewhere Classified in Eastern Asia

In value terms, non-citrus fruits not elsewhere classified production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Non-Citrus Fruits Not Elsewhere Classified

Exports in Eastern Asia

Non-citrus fruits not elsewhere classified exports declined sharply to X tons in 2022, which is down by -44.7% on 2021 figures. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 59%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-citrus fruits not elsewhere classified exports reduced dramatically to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 39% against the previous year. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Hong Kong SAR was the major exporting country with an export of around X tons, which recorded 61% of total exports. It was distantly followed by China (X tons), creating a 37% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +1.8%), while the other leaders experienced a decline in the exports figures.

In value terms, Hong Kong SAR ($X) remains the largest non-citrus fruits not elsewhere classified supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by China ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR totaled +6.9%. In the other countries, the average annual rates were as follows: China (+2.2% per year) and Taiwan (Chinese) (-2.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 81% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.5%), while the other leaders experienced more modest paces of growth.

Imports of Non-Citrus Fruits Not Elsewhere Classified

Imports in Eastern Asia

In 2022, after five years of growth, there was significant decline in overseas purchases of non-citrus fruits not elsewhere classified, when their volume decreased by -11.2% to X tons. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, non-citrus fruits not elsewhere classified imports dropped to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

China was the key importer of non-citrus fruits not elsewhere classified in Eastern Asia, with the volume of imports accounting for X tons, which was near 88% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), committing an 11% share of total imports.

China was also the fastest-growing in terms of the non-citrus fruits not elsewhere classified imports, with a CAGR of +5.5% from 2012 to 2022. Hong Kong SAR (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +23 percentage points.

In value terms, China ($X) constitutes the largest market for imported non-citrus fruits not elsewhere classified in Eastern Asia, comprising 88% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +16.0%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 32%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.0%).

Source: IndexBox Platform