Asia-Pacific: Dried Prune Market 2024

Dried Prune Market Size in Asia-Pacific

In 2023, after three years of decline, there was significant growth in the Asia-Pacific dried prune market, when its value increased by X% to $X. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Dried Prune Production in Asia-Pacific

In value terms, dried prune production expanded notably to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Dried Prune Exports

Exports in Asia-Pacific

In 2023, dried prune exports in Asia-Pacific contracted to X tons, waning by X% compared with the previous year. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, dried prune exports fell to $X in 2023. Over the period under review, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Afghanistan was the major exporter of dried prunes in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by China (X tons) and Australia (X tons), together mixing up a X% share of total exports. Thailand (X tons), Vietnam (X tons), Pakistan (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the dried prunes exports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%), Thailand (X%) and Australia (X%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Afghanistan, Australia, Vietnam and Thailand increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried prune supplying countries in Asia-Pacific were China ($X), Afghanistan ($X) and Australia ($X), together comprising X% of total exports.

Afghanistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, 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 Hong Kong SAR ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Dried Prune Imports

Imports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded growth in supplies from abroad of dried prunes, which increased by X% to X tons in 2023. Over the period under review, imports posted noticeable growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, dried prune imports surged to $X in 2023. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

China was the main importer of dried prunes in Asia-Pacific, with the volume of imports recording X tons, which was near X% of total imports in 2023. It was distantly followed by Japan (X tons), achieving a X% share of total imports. The following importers - Australia (X tons), Vietnam (X tons), South Korea (X tons), India (X tons), Malaysia (X tons) and Pakistan (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to dried prune imports into China stood at X%. At the same time, Pakistan (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Australia, Vietnam and Malaysia experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, Pakistan and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported dried prunes in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Australia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform