Zimbabwe: Chestnut Market 2020

Chestnut Market Size in Zimbabwe

The revenue of the chestnut market in Zimbabwe amounted to $X in 2018, growing by X% against the previous year. Overall, chestnut consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the chestnut market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Chestnut Production in Zimbabwe

In value terms, chestnut production stood at $X in 2018 estimated in export prices. Overall, chestnut production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when production volume increased by X% year-to-year. Over the period under review, chestnut production reached its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of chestnuts in Zimbabwe stood at X kg per ha, stabilizing at the previous year. Over the period under review, the chestnut yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Chestnut harvested area in Zimbabwe stood at X ha in 2018, leveling off at the previous year. Overall, the chestnut harvested area continues to indicate a relatively flat trend pattern.

Chestnut Exports

Exports by Country

In 2018, China (X tons) represented the largest exporter of chestnuts, generating X% of total exports. It was distantly followed by Italy (X tons), Turkey (X tons), Portugal (X tons), Spain (X tons) and South Korea (X tons), together making up a X% share of total exports. Greece (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of chestnuts exports. At the same time, Turkey (+X%), Greece (+X%), Spain (+X%), Italy (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Turkey, Spain, Italy, Portugal and Greece increased by +X%, +X%, +X%, +X% and +X% percentage points, while China (-X p.p.) and South Korea (-X p.p.) saw their share reduced.

In value terms, China ($X), Italy ($X) and Portugal ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. Turkey, Spain, South Korea and Greece lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Greece experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The chestnut export price in Zimbabwe stood at $X per ton in 2018, approximately mirroring the previous year. In general, the chestnut export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Greece, while the other leaders experienced more modest paces of growth.

Chestnut Imports

Imports by Country

Italy was the largest importer of chestnuts in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2018. China (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by France (X%), Germany (X%), Taiwan, Chinese (X%) and Thailand (X%). Spain (X tons), Lebanon (X tons), Israel (X tons), the U.S. (X tons), Japan (X tons) and Switzerland (X tons) took a little share of total imports.

Italy was also the fastest-growing in terms of the chestnuts imports, with a CAGR of +X% from 2007 to 2018. At the same time, Spain (+X%), France (+X%), Taiwan, Chinese (+X%), Israel (+X%), Germany (+X%) and Thailand (+X%) displayed positive paces of growth. Switzerland experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), China (-X%), Lebanon (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Italy, France, Taiwan, Chinese, Spain and Germany increased by +X%, +X%, +X%, +X% and +X% percentage points, while Lebanon (-X p.p.), China (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported chestnuts into Zimbabwe, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Italy totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: China (-X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the chestnut import price in Zimbabwe amounted to $X per ton, stabilizing at the previous year. Over the period under review, the chestnut import price continues to indicate a relatively flat trend pattern. Zimbabwe import price peaked at $X per ton in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Switzerland ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lebanon, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform