Mushrooms and truffles market in Asia

Earlier Report Observations

From 2018, the production and market volume of mushrooms and truffles in Asia began a consistent upward trajectory. This growth was initiated by industry-wide cooperation between breeders, farmers, processors, and exporters, focusing on developing new, consumer-oriented varieties like the golden enoki 'Aram' and the 'Baekmaru24' oyster mushroom. The strategic shift from fresh mushrooms to a broader range of processed products, such as protein teas and organic mushroom teas, created new market segments and added value, supporting the expansion in both output and market size.

The growth was further sustained by active efforts to diversify export markets and strengthen international competitiveness. Starting with trial exports to Vietnam, Australia, and the United States in 2018, the industry successfully introduced exotic mushroom varieties and processed goods abroad. By 2019, high satisfaction rates for freshness and quality among Vietnamese consumers were recorded, and secondary exports of processed items like organic mushroom tea to the U.S. were achieved. This export drive, managed in collaboration with the Rural Development Administration, helped stabilize supply chains and opened new revenue streams, contributing to the steady increase in domestic production capacity.

In the latter part of the period, from 2021 onwards, the market's expansion was reinforced by a strong focus on health-conscious consumers and functional products. The development of dietary fiber-enhanced varieties and the continued expansion of processed mushroom products catered to growing wellness trends. The formal pursuit of strategies for new product discovery, customized breeding, and export market diversification by the Rural Development Administration in 2023, including the export of thousands of kilograms of new varieties to Europe and Vietnam, directly supported production growth and enhanced the industry's overall value.

Production mushrooms and truffles in Asia

In kind, 2017-2020, K t

Top producers of mushrooms and truffles, 2017-2020

World map of production of mushrooms and truffles, 2017-2020

Asia's production of mushrooms and truffles has grown for the third year in a row. In 2020, the region produced 40 914 thousand tonnes, marking a 2.7% increase from the previous year. From 2017 to 2020, production rose by 8%, with an average annual growth rate of 2.6%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

In value, 2017-2020, B $ US

Following two years of growth, Asia's production of mushrooms and truffles in value terms declined in 2020. Output was valued at 130.4 billion US dollars, down 1.0% year-on-year. Over the 2017-2020 period, production value increased by 8.1%, with a compound annual growth rate of 2.6%. The peak value was recorded in 2019 at 131.8 billion US dollars, while the largest annual increase occurred in 2018 at 5.6%.

Annual dynamics of production in Asia in value, 2017-2020, B $ US

Exports mushrooms and truffles from Asia

Exports in kind, K t

Asia's exports of mushrooms and truffles in volume terms have increased for the third consecutive year. In 2020, the region exported 114.2 thousand tonnes, showing a modest gain of 7.0% compared to 2019. From 2017 to 2020, exports grew by 30.6%, with an average annual growth rate of 9.3%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

The export structure in volume terms from 2017 to 2020 was diversified, with no single country holding a dominant position. The United States accounted for 9.9% of exports, the Netherlands for 3.4%, and Australia for 2.5%, together making up just 15.7% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Asia in kind, 2017-2020

Exports in value, M $ US

Asia's exports of mushrooms and truffles in value terms have risen for the third year in a row. In 2020, exports reached 364.0 million US dollars, up 3.1% from 2019. Over the 2017-2020 period, export value increased by 30.7%, with a compound annual growth rate of 9.3%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

From 2017 to 2020, the United States, the Netherlands, and Australia played notable but not dominant roles as buyers of mushrooms and truffles from Asia in value terms. The United States accounted for 10.2% of exports, the Netherlands for 5.2%, and Australia for 2.9%, with their combined share reaching 18.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Asia in value, 2017-2020

Imports mushrooms and truffles to Asia

Imports in kind, K t

Asia's imports of mushrooms and truffles in volume terms showed noticeable fluctuations from 2017 to 2020. The lowest point was in 2017, followed by a peak in 2018, with a 1.8-fold difference between these years. In 2020, imports totaled 64.6 thousand tonnes, down 23.7% from the previous year. The largest decline occurred in 2019 at 23.9%, while the largest increase was in 2018 at 81.0%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

From 2017 to 2020, the primary suppliers of mushrooms and truffles to Asia in volume terms were the Netherlands, accounting for 6.3% of imports, Poland at 2.9%, and Asia, not elsewhere specified, at 0.7%. Together, they represented 10.0% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Asia in kind, 2017-2020

Imports in value, M $ US

Asia imported 259.1 million US dollars worth of mushrooms and truffles in 2020, up 12.1% from 2019. The minimum value was recorded in 2019 at 259.1 million US dollars, while the maximum was in 2018 at 348.7 million US dollars. The largest decline occurred in 2019 at 25.7%, and the largest increase was in 2018 at 21.6%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

From 2017 to 2020, imports of mushrooms and truffles to Asia in value terms were widely dispersed across partner countries. The Netherlands accounted for 8.1% of imports, Italy for 4.2%, and Poland for 1.7%, with their combined share totaling only 14.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Asia in value, 2017-2020