Asia: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2022

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Asia

In 2021, after three years of growth, there was decline in the Asian fruit or nut preserves market, when its value decreased by -1.5% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Asia

In value terms, fruit or nut preserves production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports in Asia

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes exported in Asia skyrocketed to X tons, rising by 27% compared with the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, fruit or nut preserves exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of 28% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, India (X tons) represented the main exporter of jams, marmalades, fruit jellies, fruit or nut purees and pastes, constituting 43% of total exports. Turkey (X tons) held the second position in the ranking, distantly followed by China (X tons). All these countries together held near 33% share of total exports. The Philippines (X tons), Taiwan (Chinese) (X tons), Iran (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fruit or nut preserves exports from India stood at +10.0%. At the same time, the United Arab Emirates (+23.0%), Turkey (+18.5%), Thailand (+8.7%), Taiwan (Chinese) (+6.7%), Iran (+2.5%) and Malaysia (+1.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +23.0% from 2012-2021. The Philippines experienced a relatively flat trend pattern. By contrast, China (-4.1%) illustrated a downward trend over the same period. Turkey (+12 p.p.), India (+9.6 p.p.) and the United Arab Emirates (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while the Philippines and China saw its share reduced by -2.9% and -20.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 75% of total exports. These countries were followed by the Philippines, Taiwan (Chinese), Malaysia, the United Arab Emirates, Thailand and Iran, which together accounted for a further 13%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 when the export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports in Asia

In 2021, supplies from abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, fruit or nut preserves imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the major importer of jams, marmalades, fruit jellies, fruit or nut purees and pastes in Asia, creating 27% of total import. The Philippines (X tons) took a 4.6% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.7%), Malaysia (6%), Iran (3.2%), the United Arab Emirates (6.2%), Japan (6.4%), South Korea (4.3%) and China (8.5%). Lebanon (X tons), Indonesia (X tons), Iran (X tons), Kazakhstan (X tons), Iraq (X tons), Turkey (X tons), Hong Kong SAR (X tons), Israel (X tons), South Korea (X tons) and Singapore (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit or nut preserves importing markets in Asia were China ($X), Saudi Arabia ($X) and Japan ($X), together accounting for 32% of total imports. South Korea, Hong Kong SAR, the United Arab Emirates, Malaysia, Israel, Indonesia, Singapore, Turkey, the Philippines, Iraq, Iran, Kazakhstan and Lebanon lagged somewhat behind, together accounting for a further 50%.

The Philippines, with a CAGR of +19.3%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 8.9%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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