Asia - Mushrooms (Dried) - Market Analysis, Forecast, Size, Trends and Insights
Canned Mushroom Market in Asia - Key Insights
IndexBox has just published a new report, the Asia - Mushrooms (Dried) - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.
The revenue of the canned mushroom market in Asia amounted to $940M in 2017, surging by 9.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The canned mushroom consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2016, when it surged by 22% against the previous year. The level of canned mushroom consumption peaked in 2017, and is expected to retain its growth in the near future.
Production in Asia
The canned mushroom production stood at 475K tonnes in 2017, reducing by -1.7% against the previous year. The canned mushroom production continues to indicate a slight contraction over the last five years.
The country with the largest volume of canned mushroom production was China (402K tonnes), accounting for 85% of total production. Moreover, canned mushroom production in China exceeded the figures recorded by the world's second largest producer, Indonesia (19K tonnes), more than tenfold. Viet Nam (16K tonnes) ranked third in terms of total production with a 3.3% share.
From 2007 to 2017, the average annual rate of growth in terms of volume in China stood at -2.0%. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (-2.5% per year) and Viet Nam (+1.8% per year).
Canned Mushroom Exports
Exports in Asia
In 2017, approx. 257K tonnes of canned mushrooms were exported in Asia; falling by -4.6% against the previous year. This decrease continues the general downward trend pattern being recorded over the last six years.
In value terms, canned mushroom exports totaled $631M (IndexBox estimates) in 2017. The canned mushroom exports continue to indicate a slight reduction. Over the period under review, canned mushroom exports reached their peak figure at $724M in 2008; however, from 2009 to 2017, exports stood at a somewhat lower figure.
Exports by Country
The exports of the one major exporters of canned mushrooms, namely China, represented more than two-thirds of total export.
China was also the fastest growing in terms of the canned mushroom exports, with a CAGR of -4.9% from 2007 to 2017. From 2007 to 2017, the share of China increased by 62% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($603M) also remains the largest canned mushroom supplier in Asia.
Export Prices by Country
The canned mushroom export price in Asia stood at $2.5 per kg in 2017, standing approx. at the previous year. The export price indicated a prominent increase from 2007 to 2017: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the canned mushroom export price increased by +14.6% against 2015 indices.
As there is only one major export supplying country, the average price level is determined by export prices for China.
From 2007 to 2017, the rate of growth in terms of export prices for China amounted to +4.3% per year.
Canned Mushroom Imports
Imports in Asia
In 2017, canned mushroom imports in Asia totaled 203K tonnes, growing by 11% against the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2007 to 2017. In value terms, canned mushroom imports stood at $308M (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +2.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
Imports by Country
In 2017, Viet Nam (42K tonnes), distantly followed by Japan (21K tonnes), Malaysia (21K tonnes), the Philippines (18K tonnes), South Korea (17K tonnes) and Israel (10K tonnes) represented the largest importers of mushrooms (canned), together making up 64% of total imports. The following importers - China, Hong Kong SAR (8.6K tonnes), Singapore (7.4K tonnes), Saudi Arabia (6.2K tonnes), Lebanon (6.2K tonnes), Thailand (6K tonnes) and the United Arab Emirates (5.1K tonnes) together made up 19% of total imports.
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+25.5% per year), while the other leaders experienced more modest paces of growth.
In value terms, Viet Nam ($72M), Japan ($59M) and Malaysia ($34M) constituted the countries with the highest levels of imports in 2017, with a combined 53% share of total imports.
Import Prices by Country
The canned mushroom import price in Asia stood at $1.5 per kg in 2017, increasing by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%.
Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($2.8 per kg), while the Philippines ($574 per tonne) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+8.8% per year), while the other leaders experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the dried mushroom market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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
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