Japan: Market for Nuts (Prepared Or Preserved) 2023

Market Size for Nuts (Prepared Or Preserved) in Japan

The Japanese nuts (prepared or preserved) market contracted to $X in 2021, waning by -7.7% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Nuts (Prepared Or Preserved) in Japan

In value terms, nuts (prepared or preserved) production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 73%. Nuts (prepared or preserved) production peaked at $X in 2020, and then declined in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from Japan

For the fourth consecutive year, Japan recorded growth in overseas shipments of nuts (prepared or preserved), which increased by 23% to X tons in 2021. Overall, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) exports surged to $X in 2021. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of nuts (prepared or preserved) exports from Japan, with a combined 57% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +38.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Hong Kong SAR ($X) appeared to be the largest markets for nuts (prepared or preserved) exported from Japan worldwide, with a combined 59% share of total exports.

Among the main countries of destination, China, with a CAGR of +29.2%, recorded the highest growth rate of 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

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, which is down by -6.6% against the previous year. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 an increase of 12%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nuts (Prepared Or Preserved)

Imports into Japan

In 2021, overseas purchases of nuts (prepared or preserved) increased by 14% to X tons, rising for the sixth year in a row after three years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nuts (prepared or preserved) to Japan, accounting for a 64% share of total imports. Moreover, nuts (prepared or preserved) imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+45.1% per year) and Thailand (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of nuts (prepared or preserved) to Japan, comprising 52% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+52.0% per year) and the United States (-2.8% per year).

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, with an increase of 5.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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