Eastern Asia: Chestnut Market 2024

Chestnut Market Size in Eastern Asia

The East Asian chestnut market fell slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption continues to indicate a slight slump. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Chestnut Production in Eastern Asia

In value terms, chestnut production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a mild contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of chestnut production, comprising approx. X% of total volume. It was followed by South Korea (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest.

The average chestnut yield amounted to X tons per ha in 2022, approximately mirroring the year before. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. As a result, the yield attained 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.

In 2022, the chestnut harvested area in Eastern Asia shrank modestly to X ha, standing approx. at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to chestnut production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Chestnut Exports

Exports in Eastern Asia

After two years of decline, overseas shipments of chestnuts increased by X% to X tons in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, chestnut exports rose remarkably to $X in 2022. Over the period under review, exports, however, recorded a pronounced decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of chestnuts, creating X% of total exports. It was distantly followed by South Korea (X tons), achieving a X% share of total exports. Japan (X tons) held a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of chestnuts. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest chestnut supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, chestnut exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Japan (X%), while the other leaders experienced a decline in the export price figures.

Chestnut Imports

Imports in Eastern Asia

In 2022, the amount of chestnuts imported in Eastern Asia reduced dramatically to X tons, shrinking by X% compared with 2021. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, chestnut imports reduced to $X in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of chestnuts, namely China, Taiwan (Chinese) and South Korea, represented more than two-thirds of total import. It was distantly followed by Japan (X tons), mixing up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. These countries were followed by South Korea, which accounted for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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