Prepared mushrooms and truffles market in Eastern Asia

Earlier Report Observations

The market for prepared mushrooms and truffles in Eastern Asia began a period of rapid growth in 2018, as the edible fungi industry developed quickly to become China's fifth-largest agricultural category, supported by regional export advantages. This expansion accelerated in 2019 through product innovation, with new flavors and packaging that emphasized nutritional and health benefits, alongside the adoption of more environmentally friendly materials, which collectively stimulated consumer demand.

Market growth continued from 2020 to 2021, driven by rising consumer preference for convenient and healthy processed foods, which increased consumption of canned, dried, and frozen mushrooms. The period also saw the emergence of functional mushroom segments, with higher demand for medicinal varieties like lingzhi and shiitake used in dietary supplements and functional foods, adding value and diversifying the market.

Infrastructure development further supported production capacity; in 2023, local government initiatives promoted the industry by building standardized greenhouses and supporting leading enterprises, improving the quality and output of rare edible mushroom species. Into 2024, the industry focus remained on technological upgrades and genetic research to enhance product quality and international competitiveness, indicating a sustained emphasis on innovation and export growth.

Production prepared mushrooms and truffles in Eastern Asia

In kind, 2017-2020, K t

Top producers of prepared mushrooms and truffles, 2017-2020

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

Eastern Asia's production of prepared mushrooms and truffles has grown for the third year in a row. In 2020, the region produced 2 745 thousand tonnes, marking a slight increase of 2.7% from the previous year. Looking at the period from 2017 to 2020, production surged by 385.3%, which translates to an impressive compound annual growth rate of 69.3%.

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

Exports prepared mushrooms and truffles from Eastern Asia

Exports in kind, K t

After rising for two years, exports of prepared mushrooms and truffles from Eastern Asia saw a decline. In 2020, the region exported 324.7 thousand tonnes, down by 11.4% compared to 2019. Over the 2017-2020 period, exports grew by 2.5%, averaging an annual increase of 0.8%. The peak was in 2019, with 366.4 thousand tonnes, and that year also recorded the largest growth at 12.0%.

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

From 2017 to 2020, the top buyers of prepared mushrooms and truffles from Eastern Asia were Russia, accounting for 13.8% of exports in volume, Malaysia at 9.7%, and the Philippines at 6.7%. Together, these three countries made up 30.2% of total exports, indicating a well-diversified market structure with no single nation dominating.

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 value of prepared mushrooms and truffles exports from Eastern Asia has increased for the third consecutive year. In 2020, exports totaled 975.5 million US dollars, up by 1.1% from the previous year. Between 2017 and 2020, export value rose by 59.5%, with a compound annual growth rate of 16.8%.

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

During 2017-2020, exports in value terms were spread across numerous markets. Vietnam led with 14.5% of the total, followed by Malaysia at 12.6% and Russia at 8.5%. Combined, these three countries accounted for 35.5% of total flows, highlighting the diversified nature of the export market.

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 prepared mushrooms and truffles to Eastern Asia

Imports in kind, K t

Following a two-year decline, imports of prepared mushrooms and truffles into Eastern Asia rebounded. In 2020, imports reached 40.2 thousand tonnes, a 9.3% increase from 2019. Over the 2017-2020 period, imports fell by 11.7%, with an average annual decline of 4.1%. The lowest point was in 2019, at 36.8 thousand tonnes, which also saw the sharpest drop of 14.9%.

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

From 2017 to 2020, the main sources for imports in volume were Vietnam, contributing 1.8%, Indonesia at 1.0%, and the Netherlands at 0.7%. Together, these three markets represented just 3.5% of total imports, underscoring a highly fragmented supply structure.

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

Imports of prepared mushrooms and truffles into Eastern Asia have grown for the third year in a row. In 2020, imports hit 117.1 million US dollars, a substantial increase of 11.8% from 2019. Between 2017 and 2020, import value rose by 25.6%, averaging an annual growth rate of 7.9%.

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

The import structure in value terms from 2017 to 2020 was highly diversified. Italy accounted for 2.3%, Australia for 2.2%, and Vietnam for 1.1% of total flows. Together, these three countries made up only 5.7%, with no single country holding a clearly dominant position.

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

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