South-Eastern Asia: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in South-Eastern Asia

In 2022, the Southeast Asian nuts (prepared or preserved) market decreased by X% to $X, falling for the fourth consecutive year after seven years of growth. The total consumption indicated resilient growth 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. Based on 2022 figures, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in South-Eastern Asia

In value terms, nuts (prepared or preserved) production fell to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Nuts (Prepared Or Preserved)

Exports in South-Eastern Asia

In 2022, shipments abroad of nuts (prepared or preserved) increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, nuts (prepared or preserved) exports expanded significantly to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Vietnam was the major exporter of nuts (prepared or preserved) in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%) and Malaysia (X%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nuts (prepared or preserved) exports from Vietnam stood at X%. At the same time, Myanmar (X%), the Philippines (X%), Malaysia (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. While the share of Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Vietnam, nuts (prepared or preserved) exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Export price indicated mild growth 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. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then plummeted in the following year.

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

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

Imports of Nuts (Prepared Or Preserved)

Imports in South-Eastern Asia

After two years of growth, purchases abroad of nuts (prepared or preserved) decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, nuts (prepared or preserved) imports totaled $X in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of nuts (prepared or preserved) imports in 2022 were Malaysia (X tons), Indonesia (X tons), Thailand (X tons), Singapore (X tons), Vietnam (X tons) and the Philippines (X tons), together resulting at X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated temperate growth 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 (prepared or preserved) import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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.

Source: IndexBox Platform