Chestnut Market Overview in Japan
In value terms, chestnut production shrank notably to $ in 2019 estimated in export prices. In general, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
In 2019, the average yield of chestnuts in Japan dropped slightly to kg per ha, waning by -% on the previous year. Overall, the yield continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. The chestnut yield peaked at tonnes per ha in 2014; however, from 2015 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of chestnuts production in Japan dropped to ha, which is down by -% on 2018. Overall, the harvested area recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 with a decrease of -% year-to-year. The chestnut harvested area peaked at ha in 2012; however, from 2013 to 2019, the harvested area remained at a lower figure.
The value of the chestnut market in Japan reduced notably to $ in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when the market value increased by % y-o-y. Chestnut consumption peaked at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.