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China - Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 16, 2023

Nuts Import in China Increases Rapidly to $39M in March 2023

China Nuts Imports

In March 2023, purchases abroad of nuts was finally on the rise to reach 14K tons after two months of decline. In general, imports posted strong growth.

In value terms, nuts imports surged to $39M (IndexBox estimates) in March 2023. Overall, imports recorded a pronounced expansion.

COUNTRY	Import Value of Nuts in China (million USD)
COUNTRY	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
United States	15.8	14.4	20.7	10.9	18.2	18.0	19.9	52.7	93.9	83.2	30.8	13.0	27.8
South Africa	0.7	0.2	0.2	3.2	10.0	10.0	19.2	19.8	14.5	23.4	6.9	0.9	2.3
Vietnam	N/A	N/A	N/A	N/A	N/A	N/A	0.6	1.0	0.7	0.3	0.2	0.1	2.2
Indonesia	2.1	1.7	1.6	1.4	1.7	1.7	2.0	0.3	0.8	0.8	0.3	1.0	2.1
Australia	3.8	5.3	8.8	14.0	25.2	33.2	30.8	45.9	36.7	29.0	13.4	4.0	2.0
Iran	3.0	5.2	1.7	1.5	1.0	0.8	0.6	0.8	4.0	11.9	3.9	0.5	1.2
Benin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.3	0.1	0.6
Togo	N/A	N/A	0.2	4.2	1.4	1.8	1.4	0.4	N/A	0.4	N/A	0.7	N/A
South Korea	N/A	N/A	N/A	N/A	N/A	N/A	4.3	4.5	0.7	N/A	N/A	N/A	N/A
Others	0.1	0.6	1.6	4.6	13.8	13.5	7.4	6.2	5.1	5.9	3.2	0.4	0.9
Total	25.5	27.4	34.9	39.8	71.3	79.0	86.1	132	156	155	59.0	20.7	39.0

Imports by Country

In March 2023, the United States (7.8K tons) constituted the largest nuts supplier to China, accounting for a 57% share of total imports. Moreover, nuts imports from the United States exceeded the figures recorded by the second-largest supplier, Indonesia (1.8K tons), fourfold. Vietnam (1.7K tons) ranked third in terms of total imports with a 12% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume from the United States stood at +4.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (+1.0% per month) and Vietnam (+102.5% per month).

In value terms, the United States ($28M) constituted the largest supplier of nuts to China, comprising 71% of total imports. The second position in the ranking was held by South Africa ($2.3M), with a 5.9% share of total imports. It was followed by Vietnam, with a 5.8% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value from the United States amounted to +4.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Africa (+10.4% per month) and Vietnam (+57.1% per month).

Imports by Type

Almonds (5.4K tons), nuts, nes (5.2K tons) and pistachios (1.4K tons) were the main products of nuts imports to China, with a combined 87% share of total imports. Cashew nuts and hazelnuts lagged somewhat behind, together accounting for a further 13%.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by cashew nut (with a CAGR of +40.8%), while imports for the other products experienced more modest paces of growth.

In value terms, almonds ($17M), nuts, nes ($11M) and pistachios ($8.6M) appeared to be the most imported types of nuts in China, together accounting for 95% of total imports. These products were followed by hazelnuts and cashew nuts, which together accounted for a further 5.1%.

Import Prices by Country

In March 2023, the nuts price amounted to $2,844 per ton (CIF, China), declining by -12.6% against the previous month. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 19% against the previous month. The import price peaked at $4,244 per ton in November 2022; however, from December 2022 to March 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($7,647 per ton), while the price for Benin ($667 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nuts market in China. 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 2030.

Product coverage:

FCL 221 - Almonds
FCL 223 - Pistachios
FCL 222 - Walnuts
FCL 220 - Chestnuts
FCL 217 - Cashew nuts
FCL 225 - Hazelnuts (Filberts)
FCL 216 - Brazil nuts
FCL 234 - Nuts nes
FCL 224 - Kolanuts
FCL 226 - Areca nuts

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

China - Nuts - Market Analysis, Forecast, Size, Trends and Insights

Nuts Import in China Increases Rapidly to $39M in March 2023

China Nuts Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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