Asia-Pacific: Fruit Market 2023

Fruit Market Size in Asia-Pacific

The Asia-Pacific fruit market reached $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fruit Production in Asia-Pacific

In value terms, fruit production totaled $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) constituted the country with the largest volume of fruit production, accounting for 53% of total volume. Moreover, fruit production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +1.6%. The remaining producing countries recorded the following average annual rates of production growth: India (+3.4% per year) and Indonesia (+2.7% per year).

In 2022, the average yield of fruits in Asia-Pacific dropped slightly to X tons per ha, approximately reflecting the year before. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when the yield increased by 3.4%. The level of yield peaked at X tons per ha in 2021, and then dropped modestly 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.

In 2022, the fruit harvested area in Asia-Pacific fell to X ha, approximately reflecting the previous year. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2.4% 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 in the following year.

Fruit Exports

Exports in Asia-Pacific

In 2022, shipments abroad of fruits decreased by -10.7% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 20%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, fruit exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 19% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, China (X tons), distantly followed by Thailand (X tons), the Philippines (X tons), Vietnam (X tons) and India (X tons) were the main exporters of fruits, together constituting 76% of total exports. Hong Kong SAR (X tons), New Zealand (X tons), Australia (X tons), Pakistan (X tons), Myanmar (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and the Philippines ($X) were the countries with the highest levels of exports in 2022, together comprising 58% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +20.0%, recorded the highest growth rate of 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-Pacific stood at $X per ton in 2022, shrinking by -3.6% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +37.7% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Pakistan ($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-Pacific

In 2022, the amount of fruits imported in Asia-Pacific contracted to X tons, reducing by -11% against 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 9.5%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, fruit imports fell to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +85.2% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of 14%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X tons) represented the main importer of fruits, generating 36% of total imports. Japan (X tons) ranks second in terms of the total imports with an 11% share, followed by Hong Kong SAR (7.5%), India (7.4%), Indonesia (5.5%), Bangladesh (4.8%) and Vietnam (4.6%). The following importers - Thailand (X tons), South Korea (X tons), Malaysia (X tons), Singapore (X tons) and the Philippines (X tons) - together made up 16% 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%), the Philippines (+4.5%), Thailand (+1.8%) and Vietnam (+1.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +11.8% from 2012-2022. Malaysia, Indonesia and Singapore 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. China (+13 p.p.), India (+3.3 p.p.) and Bangladesh (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Japan, South Korea and Hong Kong SAR saw its share reduced by -4.1%, -4.8% and -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported fruits in Asia-Pacific, comprising 44% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.6% share of total imports. It was followed by Japan, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +13.5%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+3.9% per year) and Japan (-0.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2020 an increase of 9.9% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while India ($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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