Japan: Chestnut Market Overview 2021

Chestnut Market Size in Japan

In 2019, the Japanese chestnut market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a abrupt downturn. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Chestnut Production in Japan

In value terms, chestnut production fell dramatically to $X in 2019 estimated in export prices. Overall, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% year-to-year. Chestnut production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

The average yield of chestnuts in Japan fell slightly to X kg per ha in 2019, remaining constant against 2018 figures. Overall, the yield saw a slight reduction. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the average chestnut yield attained the maximum level at X tonnes per ha in 2014; however, from 2015 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of chestnuts were harvested in Japan; shrinking by -X% compared with the previous year. In general, the harvested area recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with a decrease of -X% year-to-year. Over the period under review, the harvested area dedicated to chestnut production attained the peak figure at X ha in 2012; however, from 2013 to 2019, the harvested area stood at a somewhat lower figure.

Chestnut Exports

Exports from Japan

In 2019, exports of chestnuts from Japan reduced notably to X tonnes, declining by -X% on the previous year's figure. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, chestnut exports plummeted to $X in 2019. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

China (X tonnes) was the main destination for chestnut exports from Japan, with a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to China amounted to -X%.

In value terms, China ($X) also remains the key foreign market for chestnut exports from Japan.

From 2012 to 2019, the average annual rate of growth in terms of value to China stood at -X%.

Export Prices by Country

In 2019, the average chestnut export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, 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 2012 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Chestnut Imports

Imports into Japan

In 2019, approx. X tonnes of chestnuts were imported into Japan; shrinking by -X% compared with the previous year. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, chestnut imports contracted to $X in 2019. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) was the main supplier of chestnut to Japan, accounting for a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from China totaled -X%.

In value terms, China ($X) constituted the largest supplier of chestnut to Japan.

From 2012 to 2019, the average annual growth rate of value from China amounted to -X%.

Import Prices by Country

In 2019, the average chestnut import price amounted to $X per tonne, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

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The country with the largest volume of chestnut consumption was China (2M tonnes), accounting for 82% of total volume. Moreover, chestnut consumption in China exceeded the figures recorded by the second-largest consumer, Bolivia (87K tonnes), more than tenfold. The third position in this ranking was occupied by Italy (77K tonnes), with a 3.1% share.

What are the largest producers of chestnuts in the world?

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China (2M tonnes) remains the largest chestnut producing country worldwide, accounting for 83% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Bolivia (87K tonnes), more than tenfold. Turkey (64K tonnes) ranked third in terms of total production with a 2.6% share.

What are the leading suppliers of chestnuts to Japan?

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In value terms, China ($8.9M) constituted the largest supplier of chestnut to Japan.

What are the leading importers of chestnuts from Japan?

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In value terms, China ($2M) remains the key foreign market for chestnut exports from Japan.

What is the average export price for chestnuts in Japan?

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The average chestnut export price stood at $3,361 per tonne in 2019, waning by -26.6% against the previous year.

What is the average import price for chestnuts in Japan?

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In 2019, the average chestnut import price amounted to $3,296 per tonne, picking up by 4.4% against the previous year.