Asia-Pacific: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Asia-Pacific

The Asia-Pacific peach and nectarine market expanded modestly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Peach And Nectarine Production in Asia-Pacific

In value terms, peach and nectarine production amounted to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

China (X tons) remains the largest peach and nectarine producing country in Asia-Pacific, accounting for X% of total volume. It was followed by India (X tons), with a X% share of total production.

In China, peach and nectarine production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of peaches and nectarines in Asia-Pacific stood at X tons per ha, leveling off at 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the peach and nectarine yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the 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.

The peach and nectarine harvested area dropped modestly to X ha in 2022, approximately equating the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the peach and nectarine harvested area remained at a somewhat lower figure.

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Peach And Nectarine Exports

Exports in Asia-Pacific

In 2022, shipments abroad of peaches and nectarines was finally on the rise to reach X tons after two years of decline. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, peach and nectarine exports rose modestly to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the largest exporter of peaches and nectarines, achieving X% of total exports. It was distantly followed by Hong Kong SAR (X tons) and Australia (X tons), together making up a X% share of total exports. Japan (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%), Japan (X%) and Australia (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while Australia and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest peach and nectarine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (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, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Peach And Nectarine Imports

Imports in Asia-Pacific

In 2022, peach and nectarine imports in Asia-Pacific rose rapidly to X tons, picking up by X% against 2021 figures. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, peach and nectarine imports rose significantly to $X in 2022. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

China (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), mixing up an X% share of total imports. The following importers - Singapore (X tons) and Vietnam (X tons) - together made up X% 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, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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-Pacific stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while Vietnam ($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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