China - Nuts - Market Analysis, Forecast, Size, Trends and Insights
China's Nuts Production Reached 3.6 Million Tonnes
The Chinese nuts market has shown positive dynamics in the last few years. The significant surge of market value in 2008 (X% Y-o-Y) was followed by a steady increase in the next five years, until the growth rate decelerated to +X% in 2013. From 2007-2013, the annual growth rate of the market value was X% per year, driven by rising purchasing power and increasing demand for food products by urban population in China.
Chinese nuts production in value terms has also shown sustainable growth in the last few years. The gradual increase over the period 2008-2011 was followed by a slowdown in 2012-2013. In 2013, Chinese production in physical terms decreased by X%, reaching X thousand tonnes, which was much higher the lowest level of nuts production recorded in 2007 (X thousand tonnes).
China’s growth in nuts production is expected to slow to X% (currently +X%), amidst sluggish domestic demand. In the past, nuts consumption was fueled by rising purchasing power, but this engine of growth is now under presure, which will lead the market towards saturation.
Walnuts held the largest share in total Chinese output, with X thousand tonnes produced in 2013. They were followed by chestnut (X thousand tonnes), pistachios (X thousand tonnes), which together accounted for X% of total production.
The harvested area of these three major crops represented more than nine-tenth of total harvested areas of nuts in China. In 2007-2013, steady growth was observed in harvested area for all types of nuts. Especially high were the growth levels for walnuts (+X%) and pistachios (+X%).
The yield of nuts also shown positive dynamics over the analyzed period. Its lowest point was in 2007 at X tonne/hа and the highest was in 2012 with X tonne/ha. Walnuts are planted in vast hilly or mountainous areas where many other crops are not nearly suitable or profitable. In Chinese mountainous areas, many walnut plants are left unattended. Because of this, the yields are very low.
In 2013, the USA and Germany were the main suppliers of nuts into China, with a combined share of X% of total imports. However, the fastest growing importers in 2007-2013 were Pakistan (+X% per year) and the Philippines (+X % per year).
In 2013, the USA (X%), Germany (X%), the Netherlands (X%) and Japan (X%) were the main destinations of nuts exports, and together made X% of Chinese exports in physical terms. While the share of the Netherlands increased significantly, the share of the USA illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
Chestnuts dominated in Chinese nuts exports. In 2013, they held X% of total Chinese nuts exports in value terms.
Source: IndexBox AI Platform
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
We can help you conduct market research and write a report using the most reliable data