ASEAN: Nuts Market 2024

Nuts Market Size in ASEAN

The ASEAN nuts market dropped notably to $X in 2022, reducing by X% against the previous year. In general, consumption, however, recorded a strong increase. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Nuts Production in ASEAN

In value terms, nuts production rose modestly to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the Philippines (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of nuts in ASEAN shrank to X tons per ha, which is down by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then contracted 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.

In 2022, approx. X ha of nuts were harvested in ASEAN; approximately equating the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. 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 failed to regain momentum.

Nuts Exports

Exports in ASEAN

In 2022, the amount of nuts exported in ASEAN contracted notably to X tons, shrinking by X% on 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, nuts exports contracted notably to $X in 2022. Total exports indicated a noticeable 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 pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

In 2022, Indonesia (X tons) represented the main exporter of nuts, creating X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Myanmar (X%). Vietnam (X tons), Cambodia (X tons), Malaysia (X tons) and Singapore (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nuts exports from Indonesia stood at X%. 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 ASEAN, with a CAGR of X% from 2012-2022. By contrast, Cambodia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Thailand, Vietnam and Malaysia increased by X, X, X and X percentage points, respectively.

In value terms, Indonesia ($X) remains the largest nuts supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Myanmar ($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 ASEAN stood at $X per ton in 2022, waning by X% against the previous year. Export price indicated tangible 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 export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

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 ASEAN

Nuts imports reduced markedly to X tons in 2022, with a decrease of X% against the previous year. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, nuts imports shrank notably to $X in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

Vietnam dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. The following importers - Myanmar (X tons) and Thailand (X tons) - each finished at 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. Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Vietnam amounted to X%. 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 ASEAN amounted to $X per ton, remaining constant against the previous year. Import price indicated a slight 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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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