Asia: Fruit Market 2023

Fruit Market Size in Asia

The Asian fruit market reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fruit Production in Asia

In value terms, fruit production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of fruit production was China (X tons), comprising approx. 47% of total volume. Moreover, fruit production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. Indonesia (X tons) ranked third in terms of total production with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +1.6%. In the other countries, the average annual rates were as follows: India (+3.4% per year) and Indonesia (+2.7% per year).

The average fruit yield declined modestly to X tons per ha in 2022, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the yield increased by 3.6% against the previous year. Over the period under review, the fruit yield attained the maximum level at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The fruit harvested area contracted to X ha in 2022, remaining constant against the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by 2.6% against the previous year. Over the period under review, the harvested area dedicated to fruit production attained the maximum at X ha in 2021, and then fell modestly in the following year.

Fruit Exports

Exports in Asia

Fruit exports dropped to X tons in 2022, which is down by -9.8% against 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 19%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, fruit exports declined to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Turkey (X tons) and China (X tons) were the key exporters of fruits in 2022, resulting at approx. 18% and 17% of total exports, respectively. Thailand (X tons) held the next position in the ranking, followed by the Philippines (X tons), Vietnam (X tons) and India (X tons). All these countries together took near 34% share of total exports. Iran (X tons), Uzbekistan (X tons), Hong Kong SAR (X tons), Israel (X tons), Pakistan (X tons), Azerbaijan (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +136.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fruit supplying countries in Asia were Thailand ($X), China ($X) and Turkey ($X), with a combined 52% share of total exports. These countries were followed by the Philippines, Vietnam, Hong Kong SAR, India, Israel, Uzbekistan, Iran, the United Arab Emirates, Azerbaijan and Pakistan, which together accounted for a further 36%.

Uzbekistan, with a CAGR of +141.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with a decrease of -3.1% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit export price increased by +29.3% against 2017 indices. The pace of growth was the most pronounced in 2019 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.5%), while the other leaders experienced more modest paces of growth.

Fruit Imports

Imports in Asia

In 2022, the amount of fruits imported in Asia contracted to X tons, with a decrease of -11.1% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 9.9%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fruit imports shrank to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.3% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 12%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China represented the key importing country with an import of about X tons, which amounted to 26% of total imports. It was distantly followed by Japan (X tons), Hong Kong SAR (X tons), India (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons), together generating a 29% share of total imports. Indonesia (X tons), Bangladesh (X tons), Iraq (X tons), Vietnam (X tons), Thailand (X tons), South Korea (X tons) and Malaysia (X tons) took a minor share of total imports.

Imports into China increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Bangladesh (+11.8%), India (+8.3%), Saudi Arabia (+4.4%), Iraq (+2.6%), Thailand (+1.8%) and Vietnam (+1.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +11.8% from 2012-2022. Malaysia, Indonesia and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Japan (-1.1%), Hong Kong SAR (-3.0%) and South Korea (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Bangladesh increased by +8.9, +2.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported fruits in Asia, comprising 37% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.1% share of total imports. It was followed by Japan, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +13.5%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+3.9% per year) and Japan (-0.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 an increase of 9.4%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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