Asia: Chestnut Market Overview 2021

Chestnut Market Size in Asia

The Asian chestnut market amounted to $X in 2020, surging by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Chestnut Production in Asia

In value terms, chestnut production expanded modestly to $X in 2020 estimated in export prices. in general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

The country with the largest volume of chestnut production was China (X tonnes), comprising approx. X% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Turkey (X tonnes), more than tenfold.

In China, chestnut production increased at an average annual rate of +X% over the period from 2012-2020. in the other countries, the average annual rates were as follows: Turkey (+X% per year) and South Korea (-X% per year).

In 2020, the average yield of chestnuts in Asia reached X tonnes per ha, approximately reflecting the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X% year-to-year. Over the period under review, the chestnut yield hit record highs in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of chestnuts production in Asia expanded to X ha, surging by X% compared with the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to chestnut production attained the peak figure in 2020 and is expected to retain growth in the immediate term.

Production by Country in Asia

The country with the largest volume of chestnut production was China (X tonnes), comprising approx. X% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Turkey (X tonnes), more than tenfold.

In China, chestnut production expanded at an average annual rate of +X% over the period from 2012-2020. in the other countries, the average annual rates were as follows: Turkey (+X% per year) and South Korea (-X% per year).

Chestnut Exports

Exports in Asia

In 2020, overseas shipments of chestnuts decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2019, and then fell in the following year.

In value terms, chestnut exports contracted to $X in 2020. Overall, exports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X tonnes, which reached X% of total exports. Turkey (X tonnes) ranks second in terms of the total exports with a X% share, followed by South Korea (X%).

Exports from China increased at an average annual rate of +X% from 2012 to 2020. at the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2020. by contrast, South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -X% from 2012 to 2020, respectively.

In value terms, China ($X) remains the largest chestnut supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and South Korea (-X% per year).

Export Prices by Country

In 2020, the chestnut export price in Asia amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. in 2020, the country with the highest price was Turkey ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced a decline in the export price figures.

Chestnut Imports

Imports in Asia

In 2020, overseas purchases of chestnuts decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. from 2014 to 2020, the growth imports remained at a lower figure.

In value terms, chestnut imports shrank rapidly to $X in 2020. Overall, imports showed a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of chestnut imports in 2020 were Thailand (X tonnes), Taiwan (Chinese) (X tonnes), China (X tonnes), South Korea (X tonnes), Japan (X tonnes), Turkey (X tonnes), Lebanon (X tonnes), Jordan (X tonnes), the United Arab Emirates (X tonnes) and Israel (X tonnes), together resulting at X% of total import.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey, while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and China ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports. Japan, South Korea, Israel, Lebanon, Jordan, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the chestnut import price in Asia amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Israel ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform