Peaches and nectarines market in Eastern Asia

Earlier Report Observations

From 2018 to 2020, the market volume for peaches and nectarines in Eastern Asia increased from 14 713 thousand tons to 15 376 thousand tons. This growth was primarily driven by the expansion of planting areas in China, the world's largest producer, coupled with advancements in cultivation techniques and improved varieties. However, during this period, the Chinese government's tightening policy on arable land use, which mandated the conversion of some farmland from fruit to grain production, began to impose constraints on further area expansion.

Market volume growth accelerated to 6.8% in 2021, reaching 16 419 thousand tons, fueled by the adoption of digital supply chain management systems that enhanced distribution efficiency and by rising consumer demand for organic and pesticide-residue-free products. Despite facing extreme weather events, such as droughts, in subsequent years, production and market volume continued to rise, supported by government-led industry development initiatives. These included the construction of seedling cultivation bases, partnerships with agricultural universities for technology transfer, and the introduction of new, popular late-ripening varieties like the Qiuer nectarine, helping the market reach 17 902 thousand tons in 2023.

In value terms, the market grew from USD 21 817 million in 2018 to a peak of USD 27 591 million in 2021. It then stabilized, with figures of USD 27 132 million in 2022 and USD 27 014 million in 2023, reflecting a period of steady market value alongside consistent physical volume growth.

Production peaches and nectarines in Eastern Asia

In kind, 2017-2020, K t

Top producers of peaches and nectarines, 2017-2020

World map of production of peaches and nectarines, 2017-2020

Eastern Asia's production of peaches and nectarines has increased for the third year in a row. In 2020, the region produced 15,410 thousand tons, marking a 1.6% rise from 2019. Looking at the period from 2017 to 2020, production grew by 8%, which translates to an average annual growth rate of 2.6%.

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

In value, 2017-2020, M $ US

The value of peaches and nectarines production in Eastern Asia has also risen for the third consecutive year. In 2020, output was valued at 26,689 million US dollars, showing a strong increase of 14.1% compared to 2019. From 2017 to 2020, production value increased by 28.8%, with an annualized growth rate of 8.8%.

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

Exports peaches and nectarines from Eastern Asia

Exports in kind, K t

The export market for peaches and nectarines from Eastern Asia showed volatility during the observed period. In 2018, exports reached their lowest point at 95.9 thousand tons, while they peaked in 2019 at 170.0 thousand tons, representing a 1.8-fold difference. In 2020, export volumes dropped to 117.2 thousand tons, a decline of 31.1% from the previous year. The largest increase occurred in 2019, with a jump of 77.3%.

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

From 2017 to 2020, the main destinations for Eastern Asia's peaches and nectarines exports in volume terms were Vietnam, accounting for 34.2% of exports, Kazakhstan with 19.2%, and Russia at 15.9%. Together, these three countries made up 69.3% of total export flows.

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

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

Exports in value, M $ US

The export market in value terms also displayed an unstable trend. In 2018, exports hit a low of 141.9 million US dollars, rising to a peak of 262.2 million US dollars in 2019, a 1.8-fold variation. In 2020, exports fell to 202.9 million US dollars, down 22.6% from the prior year. The most significant increase was in 2019, with an 84.8% rise.

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

In terms of value from 2017 to 2020, the leading destinations for Eastern Asia's peaches and nectarines exports were Vietnam, with 36.4% of exports, Kazakhstan at 15.5%, and Russia with 11.1%. Combined, these three accounted for 63.0% of total export value.

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

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

Imports peaches and nectarines to Eastern Asia

Imports in kind, K t

Imports of peaches and nectarines into Eastern Asia have grown for the third year in a row. In 2020, imports totaled 83.5 thousand tons, a solid increase of 22.9% compared to 2019. Over the period from 2017 to 2020, imports surged by 132.8%, with a compound annual growth rate of 32.5%.

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

Between 2017 and 2020, Chile and Australia were the dominant sources for peaches and nectarines imports into Eastern Asia in volume terms, together accounting for 87.6% of total imports. The remaining volume was distributed among smaller markets.

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

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

Imports in value, M $ US

The value of peaches and nectarines imports into Eastern Asia has also increased for the third consecutive year. In 2020, imports amounted to 182.1 million US dollars, up 21.1% from the previous year. From 2017 to 2020, import value grew by 159.2%, with an annualized rate of 37.4%.

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

From 2017 to 2020, the primary suppliers of peaches and nectarines to Eastern Asia in value terms were Chile, with 57.3% of imports, Australia at 22.3%, and the United States with 2.6%. These three countries jointly represented 82.2% of total import value.

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

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