Eastern Asia: Watermelon Market 2024

Watermelon Market Size in Eastern Asia

In 2023, the East Asian watermelon market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Watermelon Production in Eastern Asia

In value terms, watermelon production contracted to $X in 2023 estimated in export price. The total production indicated a remarkable increase 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2022, and then contracted in the following year.

China (X tons) remains the largest watermelon producing country in Eastern Asia, comprising approx. X% of total volume.

From 2012 to 2023, the average annual rate of growth in terms of volume in China was relatively modest.

In 2023, the average watermelon yield in Eastern Asia dropped slightly to X tons per ha, stabilizing at 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the yield increased by X%. Over the period under review, the watermelon yield hit record highs at X tons per ha in 2022, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of watermelons were harvested in Eastern Asia; remaining stable against 2022 figures. In general, the harvested area, however, saw a mild contraction. Over the period under review, the harvested area dedicated to watermelon production reached the maximum at X ha in 2013; however, from 2014 to 2023, the harvested area failed to regain momentum.

Watermelon Exports

Exports in Eastern Asia

In 2023, the amount of watermelons exported in Eastern Asia dropped slightly to X tons, shrinking by X% against the previous year's figure. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, watermelon exports declined to $X in 2023. Overall, exports, however, enjoyed a notable increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of watermelons, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the watermelons exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of China decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest watermelon supplier in Eastern Asia.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Watermelon Imports

Imports in Eastern Asia

In 2023, purchases abroad of watermelons increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, watermelon imports dropped to $X in 2023. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

China was the main importer of watermelons in Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Macao SAR (X tons), committing an X% share of total imports. The following importers - Hong Kong SAR (X tons) and Democratic People's Republic of Korea (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to watermelon imports into China stood at X%. At the same time, Democratic People's Republic of Korea (X%) and Macao SAR (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Macao SAR (X p.p.) and Democratic People's Republic of Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and China saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported watermelons in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Macao SAR (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($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.

Source: IndexBox Platform