Treenuts market in Eastern Asia

Earlier Report Observations

From 2018 to 2023, the treenuts market in Eastern Asia expanded in volume from 3.6 million tons to 4.8 million tons. This growth was primarily fueled by rising health consciousness among consumers, who increasingly sought nutritious snacks like macadamias, pine nuts, and almonds. The COVID-19 pandemic further accelerated demand as people spent more time at home, boosting retail sales. Domestic production initiatives, such as the development of macadamia and walnut cultivation in Yunnan province, alongside the rapid expansion of e-commerce and live-streaming sales channels, made treenuts more accessible to a wider audience.

In value terms, the market fluctuated, reaching a peak of $18.6 billion in 2022 before dropping to $14.5 billion in 2023. International trade friction and tariffs on U.S. nuts redirected imports to alternative sources like Chile and Mexico, affecting price structures. The entry and investment of global companies, including Wonderful Pistachios and Almonds LLC, intensified competition and marketing efforts. Furthermore, abnormal weather conditions in key global growing regions contributed to supply volatility and price swings throughout the period.

Production treenuts in Eastern Asia

In kind, 2017-2020, K t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Treenuts production in Eastern Asia has increased for the second consecutive year. In 2020, the region produced 3 101 K t of treenuts, marking a 4.4% rise compared to 2019. Over the period from 2017 to 2020, production grew by 2.6%, with a compound annual growth rate of 0.9%. The lowest production level was recorded in 2018 at 2 842 K t, which saw the largest decline of 6.0%. In contrast, the largest increase occurred in 2019 with a 4.5% growth.

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

In value, 2017-2020, M $ US

Following a two-year upward trend, Eastern Asia's treenuts production value declined. In 2020, the output was valued at 13 708 M $ US, representing a 4.7% decrease from the previous year. The highest value was recorded in 2019 at 14 387 M $ US, which also experienced the largest increase of 3.8%.

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

Exports treenuts from Eastern Asia

Exports in kind, K t

In 2020, treenuts exports from Eastern Asia totaled 202 K t, showing a sharp decline of 30.2% compared to the prior year. Between 2017 and 2020, exports decreased by 25.3%, equating to an annualized rate of 9.3%. The peak export volume was recorded in 2019 at 289 K t, which also saw the largest increase of 12.2%.

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

From 2017 to 2020, treenuts exports in kind from Eastern Asia were relatively evenly distributed. Vietnam accounted for 23.9% of exports, Kyrgyzstan for 7.3%, and Thailand for 4.1%, with these three countries together representing only 35.3% of total 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

After a two-year increase, Eastern Asia's treenuts exports in value terms declined. In 2020, exports amounted to 892 M $ US, reflecting a 36.3% drop from the previous year. Over the period from 2017 to 2020, exports decreased by 27.8%, with a compound annual growth rate of 10.3%. The highest value was recorded in 2019 at 1 401 M $ US, which also experienced the largest increase of 11.5%.

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

Between 2017 and 2020, treenuts exports in value terms from Eastern Asia were widely dispersed across partner countries. Vietnam contributed 17.5% of exports, Germany 7.2%, and the United States 6.4%, with these three countries together accounting for only 31.1% of total flows.

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 treenuts to Eastern Asia

Imports in kind, K t

After a two-year improvement, treenuts imports into Eastern Asia declined. In 2020, the region imported 1 210 K t of treenuts, which is 10.2% less than the previous year. Over the period from 2017 to 2020, imports increased by 30.4%, with a compound annual growth rate of 9.3%. The highest import volume was recorded in 2019 at 1 348 K t, which also saw the largest increase of 34.0%.

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

Throughout 2017 to 2020, the United States, Indonesia, and Thailand played leading roles in treenuts imports in kind to Eastern Asia. The United States accounted for 27.9% of imports, Indonesia for 19.9%, and Thailand for 18.5%, with these three countries together taking 66.3% of total flows.

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

Following a two-year rise, treenuts imports into Eastern Asia declined. In 2020, the region imported approximately 3 341 M $ US of treenuts, amounting to a strong drop of 22.0% compared to the previous year. Between 2017 and 2020, imports decreased by 4%, equating to an annualized rate of 1.3%. The peak value was recorded in 2019 at 4 283 M $ US, which also experienced the largest increase of 20.3%.

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

From 2017 to 2020, the United States, Australia, and Iran remained key partners in treenuts imports in value terms to Eastern Asia. The United States accounted for 53.5% of imports, Australia for 7.5%, and Iran for 6.5%, with these three countries together representing 67.5% of total flows.

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

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