Japan: Dried Prune Market 2024

Dried Prune Market Size in Japan

For the third year in a row, the Japanese dried prune market recorded growth in sales value, which increased by 5.5% to $X in 2022. Overall, consumption, however, continues to indicate a perceptible descent. Dried prune consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Dried Prune Production in Japan

In value terms, dried prune production expanded modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Dried Prune Exports

Exports from Japan

In 2022, approx. X tons of dried prunes were exported from Japan; jumping by 32% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 3,625%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dried prune exports surged to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 4,106%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons), the Netherlands (X tons) and Hong Kong SAR (X tons) were the main destinations of dried prune exports from Japan, together comprising 46% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +69.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for dried prunes exports from Japan, comprising 26% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-28.5% per year) and the Netherlands (+49.0% per year).

Export Prices by Country

The average dried prune export price stood at $X per ton in 2022, with an increase of 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Prune Imports

Imports into Japan

In 2022, the amount of dried prunes imported into Japan expanded to X tons, picking up by 2.5% against the previous year's figure. In general, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, dried prune imports expanded rapidly to $X in 2022. Overall, imports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 13%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of dried prune to Japan, accounting for a 93% share of total imports. Moreover, dried prune imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -8.8%.

In value terms, the United States ($X) constituted the largest supplier of dried prunes to Japan, comprising 93% of total imports. The second position in the ranking was taken by Chile ($X), with a 4.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -2.8%.

Import Prices by Country

The average dried prune import price stood at $X per ton in 2022, increasing by 3.8% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried prune import price increased by +64.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 55%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+8.2%).

Source: IndexBox Platform

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