China: Nuts Market Overview 2021

Nuts Market Size in China

In 2020, the Chinese nuts market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Nuts consumption peaked in 2020 and is likely to continue growth in years to come.

Nuts Production in China

In value terms, nuts production rose modestly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the immediate term.

Nuts Exports

Exports from China

In 2020, overseas shipments of nuts (prepared or preserved) decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, nuts exports shrank to $X in 2020. in general, exports, however, continue to indicate a temperate increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tonnes), South Korea (X tonnes) and Thailand (X tonnes) were the main destinations of nuts exports from China, with a combined X% share of total exports. Indonesia, the U.S., Malaysia, Viet Nam, the Netherlands, Taiwan (Chinese), Germany, Canada, Australia and Hong Kong SAR lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Viet Nam (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for nuts exports from China, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The average nuts export price stood at $X per tonne in 2020, approximately mirroring the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into China

In 2020, approx. X tonnes of nuts (prepared or preserved) were imported into China; jumping by X% compared with the previous year. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, nuts imports rose modestly to $X in 2020. in general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Viet Nam (X tonnes), the U.S. (X tonnes) and Turkey (X tonnes) were the main suppliers of nuts imports to China, together comprising X% of total imports. Thailand, Hong Kong SAR, South Korea and Malaysia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Viet Nam ($X), the U.S. ($X) and Turkey ($X) constituted the largest nuts suppliers to China, with a combined X% share of total imports. Thailand, Hong Kong SAR, South Korea and Malaysia lagged somewhat behind, together accounting for a further X terms of the main suppliers, Malaysia (+X% per year) 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

In 2020, the average nuts import price amounted to $X per tonne, which is down by -X% against the previous year. in general, import price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nuts import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2019, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. in 2020, the country with the highest price was South Korea ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform