South-Eastern Asia: Nuts Market 2024

Nuts Market Size in South-Eastern Asia

The Southeast Asian nuts market dropped sharply to $X in 2022, falling by X% against the previous year. In general, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Nuts Production in South-Eastern Asia

In value terms, nuts production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons), together accounting for X% of total production.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average nuts yield shrank to X tons per ha in 2022, with a decrease of X% on 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the nuts yield reached the peak level at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nuts harvested area reduced modestly to X ha in 2022, remaining relatively unchanged against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to nuts production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Nuts Exports

Exports in South-Eastern Asia

Nuts exports fell sharply to X tons in 2022, which is down by X% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, nuts exports declined dramatically to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Indonesia was the major exporting country with an export of around X tons, which accounted for X% of total exports. Thailand (X tons) held the second position in the ranking, followed by Myanmar (X tons). All these countries together took approx. X% share of total exports. The following exporters - Vietnam (X tons), Cambodia (X tons), Malaysia (X tons) and Singapore (X tons) - together made up X% of total exports.

Exports from Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Malaysia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Cambodia (X%) and Singapore (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Cambodia, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest nuts supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, nuts exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Nuts Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of nuts were imported in South-Eastern Asia; which is down by X% compared with the previous year. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, nuts imports shrank rapidly to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

Vietnam dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. The following importers - Myanmar (X tons) and Thailand (X tons) - each amounted to a X% share of total imports.

Vietnam was also the fastest-growing in terms of the nuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Myanmar (X%) displayed positive paces of growth. From 2012 to 2022, the share of Vietnam increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported nuts in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

In Vietnam, nuts imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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