China: Nuts Market 2024

Nuts Market Size in China

The Chinese nuts market fell to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Nuts Production in China

In value terms, nuts production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase 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 increased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X%. Nuts production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average yield of nuts in China shrank slightly to X tons per ha, approximately reflecting the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nuts harvested area in China stood at X ha in 2022, approximately mirroring 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by X%. The nuts harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Nuts Exports

Exports from China

In 2022, approx. X tons of nuts were exported from China; which is down by X% on the year before. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, nuts exports declined significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for nuts exports from China, with a X% share of total exports. Moreover, nuts exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X.0% per year) and Vietnam (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for nuts exports from China, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into China

In 2022, imports of nuts into China fell sharply to X tons, reducing by X% on 2021 figures. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted remarkably in the following year.

In value terms, nuts imports reduced rapidly to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

The United States (X tons), Australia (X tons) and South Africa (X tons) were the main suppliers of nuts imports to China, with a combined X% share of total imports.

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

In value terms, the United States ($X), Australia ($X) and South Africa ($X) were the largest nuts suppliers to China, with a combined X% share of total imports.

South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, waning 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 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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