Global Chestnut Market 2018-2025 – Industry Report, Market Analysis, Forecast, and Insights
The imports totaled 88K tonnes in 2017, waning by -16.4% against the previous year level. Overall, chestnut imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when import increased by 27% y-o-y. Over the period under review, chestnut imports reached its maximum volume of 110K tonnes in 2014; however, from 2015 to 2017, it failed to regain its strength.
In value terms, chestnut imports amounted to $254M in 2017. In general, chestnut imports continue to indicate a relatively flat trend pattern. Over the period under review, chestnut imports reached its maximum level of $316M in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.
Chestnut Imports By Country
In 2017, Italy (22K tonnes), distantly followed by China (9.3K tonnes), France (6K tonnes), Thailand (5.2K tonnes), and Taiwan, Chinese (4.7K tonnes) represented the largest importers of chestnuts, together creating 53% of total imports. Germany (3.4K tonnes), Japan (3.3K tonnes), the U.S. (3.2K tonnes), Lebanon (3.1K tonnes), Switzerland (2.5K tonnes), South Korea (2.3K tonnes), and Israel (1.8K tonnes) followed a long way behind the leaders.
Imports into Italy increased at an average annual rate of +4.0% from 2007 to 2017. At the same time, France (+13.5%), Taiwan, Chinese (+6.8%), Germany (+6.8%), Israel (+6.3%), Thailand (+2.7%), and South Korea (+2.3%) displayed positive paces of growth. Moreover, France emerged as the fastest growing importer in the world, with a CAGR of +13.5% from 2007-2017. Switzerland experienced a relatively flat trend pattern. By contrast, the U.S. (-1.8%), Lebanon (-2.0%), China (-2.8%), and Japan (-12.6%) illustrated a downward trend over the same period. Japan (11%), and China (3%) significantly strengthened its position in terms of the global imports, while Germany, Taiwan, Chinese, France, and Italy saw its share reduced by -1.9%, -2.6%, -4.9%, and -8.0% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Italy ($64M) constitutes the largest market for imported chestnuts worldwide, making up 25% of global imports. The second position in the ranking was occupied by China ($22M), with the share of 9% of global imports. It was followed by Germany, with the share of 7%.
In Italy, chestnut imports expanded at an average annual rate of +5.2% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (-3.9% per year) and Germany (+7.8% per year).
Chestnut Import Prices By Country
In 2017, the average import price for chestnuts amounted to $2,893 per tonne, growing by 14% against the previous year. In general, chestnut import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, when import increased by 14% y-o-y. Global import price peaked of $2,939 per tonne in 2007; however, from 2008 to 2017, it failed to regain its strength.
Import prices varied noticeably by country of destination; the country with the highest import price was Switzerland ($6,207 per tonne), while South Korea ($1,768 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by Lebanon (+19.0% per year), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global chestnut market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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