Peach and Nectarine Price in China - 2023

Contents:

1. Peach and Nectarine Price in China (CIF) - 2022
2. Peach and Nectarine Price in China (FOB) - 2022
3. Peach and Nectarine Imports in China
4. Peach and Nectarine Exports in China

Peach and Nectarine Price in China (CIF) - 2022

In 2022, the average peach and nectarine import price amounted to $2,328 per ton, with a decrease of -2.4% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12%. The import price peaked at $7,946 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,715 per ton), while the price for Chile ($2,050 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.4%), while the prices for the other major suppliers experienced a decline.

Peach and Nectarine Price in China (FOB) - 2022

In 2022, the average peach and nectarine export price amounted to $1,407 per ton, waning by -3% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2017 an increase of 23%. Over the period under review, the average export prices reached the peak figure at $1,741 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,682 per ton), while the average price for exports to Mongolia ($268 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Peach and Nectarine Imports in China

In 2022, peach and nectarine imports into China soared to 45K tons, with an increase of 34% compared with the previous year. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, peach and nectarine imports soared to $104M in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Peach and Nectarine to China in 2022:

1. Chile (37.1K tons)
2. Australia (7.4K tons)

Peach and Nectarine Exports in China

In 2022, overseas shipments of peaches and nectarines increased by 42% to 63K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a drastic downturn.

In value terms, peach and nectarine exports surged to $89M in 2022. Over the period under review, exports, however, continue to indicate a dramatic downturn.

Top Export Markets for Peach and Nectarine from China in 2022:

1. Kyrgyzstan (20.1K tons)
2. Vietnam (19.0K tons)
3. Russia (11.7K tons)
4. Uzbekistan (2.4K tons)
5. Mongolia (1.6K tons)
6. Thailand (1.1K tons)
7. Kazakhstan (0.1K tons)

Source: IndexBox Market Intelligence Platform