China: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in China

After three years of growth, the Chinese mushroom and truffle market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Mushroom And Truffle Production in China

In value terms, mushroom and truffle production rose modestly to $X in 2023 estimated in export price. In general, production saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

In 2023, the average yield of mushrooms and truffles in China stood at less than X kg per ha, therefore, remained relatively stable against the year before. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in China was estimated at less than X ha in 2023, approximately equating 2022 figures. Overall, the harvested area recorded a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from China

In 2023, shipments abroad of mushrooms and truffles was finally on the rise to reach X tons after two years of decline. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in years to come.

In value terms, mushroom and truffle exports reached $X in 2023. In general, total exports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of mushroom and truffle exports from China, with a combined X% share of total exports. The United States, Indonesia, the Netherlands, Russia, Hong Kong SAR, South Korea and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mushroom and truffle exported from China were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average mushroom and truffle export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into China

In 2021, mushroom and truffle imports into China soared to X tons, picking up by X% compared with 2020. Overall, imports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mushroom and truffle imports surged to $X in 2021. In general, imports, however, showed a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of mushroom and truffle to China, with a X% share of total imports. Moreover, mushroom and truffle imports from South Korea exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at X%.

In value terms, South Korea ($X) and Hong Kong SAR ($X) were the largest mushroom and truffle suppliers to China.

Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the import price posted prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for South Korea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform