IndexBox has just published a new report: ‘China – Apple – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2020, apple exports from China increased by 22% to 1.2M tonnes, thanks to the shipments to the Philippines have doubled. China’s share in the Philippine apple imports reached 92.1%. Apart from the Philippines, the main export destinations for China were Myanmar, Bangladesh, Thailand, Vietnam, Indonesia, Malaysia, Nepal, Hong Kong (SAR) and Singapore.

Apple Exports from China

In 2020, after two years of decline, there was significant growth in shipments abroad of apples, when their volume increased by 22% to 1.2M tonnes. Over the period under review, total exports indicated a tangible increase from 2012 to 2020: its volume increased at an average annual rate of +4.7% over the last eight-year period. In value terms, apple exports skyrocketed to $1.4B in 2020. Overall, exports enjoyed a prominent expansion.

Myanmar (183K tonnes), Bangladesh (179K tonnes) and the Philippines (168K tonnes) were the main destinations of apple exports from China, with a combined 45% share of total exports. These countries were followed by Viet Nam, Thailand, Indonesia and Nepal, which together accounted for a further 40%.

2020 saw a twofold increase in apple supplies from China to the Philippines. China gained its share in the Philippine apple market to reach 92.1% and was followed by the U.S. (4.1%) and New Zealand (3.1%).

From 2012 to 2020, the most notable growth rate in terms of shipments, amongst the main countries of destination, was attained by Viet Nam, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for apple exported from China were Viet Nam ($322M), the Philippines ($213M) and Thailand ($213M), together accounting for 52% of total exports.

The average apple export price stood at $1,220 per tonne in 2020, waning by -4.9% against the previous year. In general, export price indicated a strong increase from 2012 to 2020: its price increased at an average annual rate of +5.0% over the last eight years. From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform