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Eastern Asia - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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Eastern Asia: Peanut Butter Market Overview 2021

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Peanut Butter Market Size in Eastern Asia

For the third consecutive year, the East Asian peanut butter market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in the near future.

Peanut Butter Production in Eastern Asia

In value terms, peanut butter production rose slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Eastern Asia

The country with the largest volume of peanut butter production was China (X tonnes), comprising approx. X% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), eightfold. South Korea (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Peanut Butter Exports

Exports in Eastern Asia

In 2020, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Overall, exports saw a slight decline. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, peanut butter exports reduced modestly to $X in 2020. Total exports indicated a temperate increase from 2007 to 2020: its value decreased 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, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes) represented roughly X% of total exports of peanut butter and prepared or preserved groundnuts in 2020.

China was also the fastest-growing in terms of the peanut butter and prepared or preserved groundnuts exports, with a CAGR of -X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest peanut butter supplier in Eastern Asia.

From 2007 to 2020, the average annual growth rate of value in China stood at +X%.

Export Prices by Country

In 2020, the peanut butter export price in Eastern Asia amounted to $X per tonne, rising by X% against the previous year. Export price indicated pronounced 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. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Peanut Butter Imports

Imports in Eastern Asia

In 2020, supplies from abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, peanut butter imports amounted to $X in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its value decreased 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. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Japan (X tonnes) was the largest importer of peanut butter and prepared or preserved groundnuts, committing X% of total imports. South Korea (X tonnes) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%). China (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported peanut butter and prepared or preserved groundnuts in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In Japan, peanut butter imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

In 2020, the peanut butter import price in Eastern Asia amounted to $X per tonne, increasing by X% against the previous year. Import price indicated a tangible increase from 2007 to 2020: its price 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, peanut butter import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in Eastern Asia?
+
The country with the largest volume of peanut butter consumption was China (972K tonnes), accounting for 75% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, Japan (207K tonnes), fivefold. South Korea (72K tonnes) ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in Eastern Asia?
+
China (1.2M tonnes) remains the largest peanut butter producing country in Eastern Asia, accounting for 84% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, Japan (154K tonnes), eightfold. The third position in this ranking was occupied by South Korea (40K tonnes), with a 2.7% share.
What are the leading suppliers of peanut butter and prepared or preserved groundnuts in Eastern Asia?
+
In value terms, China ($568M) remains the largest peanut butter supplier in Eastern Asia.
What are the leading importers of peanut butter and prepared or preserved groundnuts in Eastern Asia?
+
In value terms, Japan ($133M) constitutes the largest market for imported peanut butter and prepared or preserved groundnuts in Eastern Asia, comprising 56% of total imports. The second position in the ranking was occupied by South Korea ($65M), with a 27% share of total imports. It was followed by Hong Kong SAR, with a 9.6% share.
What is the average export price for peanut butter and prepared or preserved groundnuts in Eastern Asia?
+
In 2020, the peanut butter export price in Eastern Asia amounted to $2,137 per tonne, increasing by 13% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Eastern Asia?
+
The peanut butter import price in Eastern Asia stood at $2,483 per tonne in 2020, growing by 9.6% against the previous year.

Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

This report provides an in-depth analysis of the peanut butter market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• China, Macao SAR
• Democratic People's Republic of Korea
• Taiwan, Chinese

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• China, Hong Kong SAR
• China, Macao SAR
• Japan
• South Korea
• Taiwan, Chinese
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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