South-Eastern Asia: Mushroom And Truffle Market 2025

Mushroom And Truffle Market Size in South-Eastern Asia

In 2022, the Southeast Asian mushroom and truffle market decreased by -9.3% to $X for the first time since 2015, thus ending a six-year rising trend. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.2% against 2015 indices. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Mushroom And Truffle Production in South-Eastern Asia

In value terms, mushroom and truffle production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 107% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Indonesia (X tons) constituted the country with the largest volume of mushroom and truffle production, accounting for 71% of total volume. Moreover, mushroom and truffle production in Indonesia exceeded the figures recorded by the second-largest producer, Vietnam (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Indonesia totaled +4.3%.

Mushroom And Truffle Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of mushrooms and truffles increased by 15% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, mushroom and truffle exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X tons) and Malaysia (X tons) represented the key exporter of mushrooms and truffles in South-Eastern Asia, achieving 98% of total export.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +11.8%).

In value terms, the largest mushroom and truffle supplying countries in South-Eastern Asia were Malaysia ($X) and Thailand ($X).

Thailand, with a CAGR of +2.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of -21% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 14%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-7.5%).

Mushroom And Truffle Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of mushrooms and truffles were imported in South-Eastern Asia; rising by 11% against the year before. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 36%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mushroom and truffle imports contracted to $X in 2022. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Vietnam represented the largest importing country with an import of about X tons, which recorded 56% of total imports. It was distantly followed by Thailand (X tons), Singapore (X tons) and Malaysia (X tons), together creating a 39% share of total imports. Indonesia (X tons) and the Philippines (X tons) held a minor share of total imports.

Vietnam was also the fastest-growing in terms of the mushrooms and truffles imports, with a CAGR of +55.2% from 2012 to 2022. At the same time, the Philippines (+24.0%), Malaysia (+9.5%), Indonesia (+8.9%), Thailand (+8.1%) and Singapore (+5.8%) displayed positive paces of growth. While the share of Vietnam (+53 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-2.9 p.p.), Malaysia (-10.1 p.p.), Singapore (-19.5 p.p.) and Thailand (-20.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported mushrooms and truffles in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by Thailand ($X), with a 21% share of total imports. It was followed by Singapore, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to +33.7%. In the other countries, the average annual rates were as follows: Thailand (+13.1% per year) and Singapore (+1.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, waning by -18% against the previous year. In general, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 an increase of 5.3% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 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 the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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