Asia-Pacific: Berry Market 2024

Berry Market Size in Asia-Pacific

For the fifth consecutive year, the Asia-Pacific berry market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Berry Production in Asia-Pacific

In value terms, berry production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest berry producing country in Asia-Pacific, accounting for X% of total volume. Moreover, berry production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a X% share.

In China, berry production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

The average berry yield stood at X tons per ha in 2022, remaining stable against the year before. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the berry yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of berries production in Asia-Pacific reduced modestly to X ha, remaining relatively unchanged against the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to berry production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

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Berry Exports

Exports in Asia-Pacific

After four years of growth, shipments abroad of berries decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, berry exports rose remarkably to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Hong Kong SAR prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. The following exporters - Australia (X tons) and New Zealand (X tons) - each amounted to a X% share of total exports.

Hong Kong SAR was also the fastest-growing in terms of the berries exports, with a CAGR of X% from 2012 to 2022. At the same time, Australia (X%) and New Zealand (X%) displayed positive paces of growth. While the share of Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) and New Zealand (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest berry supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Berry Imports

Imports in Asia-Pacific

In 2022, the amount of berries imported in Asia-Pacific dropped modestly to X tons, approximately equating the previous year. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, berry imports expanded notably to $X in 2022. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

China was the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and South Korea (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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