China: Nuts Market Overview 2021

Nuts Market Size in China

In 2019, the Chinese nuts market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Nuts consumption peaked in 2019 and is expected to retain growth in years to come.

Nuts Production in China

In value terms, nuts production reached $X in 2019 estimated in export prices. Over the period under review, the total production indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Nuts production peaked in 2019 and is expected to retain growth in years to come.

Nuts Exports

Exports from China

In 2019, shipments abroad of nuts (prepared or preserved) increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. Overall, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, nuts exports amounted to $X in 2019. Over the period under review, exports recorded a temperate expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in years to come.

Exports by Country

Japan (X tonnes), South Korea (X tonnes) and the U.S. (X tonnes) were the main destinations of nuts exports from China, with a combined X% share of total exports. These countries were followed by Indonesia, Malaysia, Thailand, Kyrgyzstan, Hong Kong SAR, Germany, the Netherlands, Taiwan (Chinese), the UK and Canada, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nuts exported from China were Japan ($X), the U.S. ($X) and Hong Kong SAR ($X), together accounting for X% of total exports. South Korea, Thailand, Germany, Malaysia, Indonesia, Kyrgyzstan, the Netherlands, Taiwan (Chinese), the UK and Canada lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Kyrgyzstan (+X% per year) saw the highest rates of growth with regard to 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

In 2019, the average nuts export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, 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 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into China

In 2019, approx. X tonnes of nuts (prepared or preserved) were imported into China; remaining relatively unchanged against the previous year. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2018, and then dropped modestly in the following year.

In value terms, nuts imports skyrocketed to $X in 2019. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in the near future.

Imports by Country

In 2019, Viet Nam (X tonnes) constituted the largest supplier of nuts to China, accounting for a X% share of total imports. Moreover, nuts imports from Viet Nam exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), twofold. Hong Kong SAR (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Viet Nam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, Viet Nam ($X) constituted the largest supplier of nuts to China, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Viet Nam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The average nuts import price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, the import price showed a perceptible increase. 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 in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was South Korea ($X per tonne), while the price for Cambodia ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts consumption in 2019 were China (1.3M tonnes), the U.S. (711K tonnes) and Turkey (637K tonnes), with a combined 28% share of global consumption. India, Japan, Pakistan, Russia, Brazil, Indonesia, Italy, Bangladesh, France and Mexico lagged somewhat behind, together comprising a further 29%.

What are the largest producers of nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts production in 2019 were China (1.4M tonnes), Turkey (766K tonnes) and the U.S. (757K tonnes), with a combined 31% share of global production. India, Russia, Pakistan, Japan, Brazil, Indonesia, Italy, Bangladesh, Mexico and France lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of nuts (prepared or preserved) to China?

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In value terms, Viet Nam ($125M) constituted the largest supplier of nuts to China, comprising 50% of total imports. The second position in the ranking was occupied by Turkey ($44M), with a 18% share of total imports. It was followed by Hong Kong SAR, with a 13% share.

What are the leading importers of nuts (prepared or preserved) from China?

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In value terms, the largest markets for nuts exported from China were Japan ($105M), the U.S. ($54M) and Hong Kong SAR ($43M), together accounting for 39% of total exports. South Korea, Thailand, Germany, Malaysia, Indonesia, Kyrgyzstan, the Netherlands, Taiwan (Chinese), the UK and Canada lagged somewhat behind, together comprising a further 43%.

What is the average export price for nuts (prepared or preserved) in China?

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In 2019, the average nuts export price amounted to $3,462 per tonne, shrinking by -2.5% against the previous year.

What is the average import price for nuts (prepared or preserved) in China?

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In 2019, the average nuts import price amounted to $9,689 per tonne, increasing by 36% against the previous year.