Lilijia Participated in the FOODEX food exhibition in Tokyo

Lilijia participated in the FOODEX food exhibition in Tokyo, Japan from March 5-8, 2024. The products on display include organic chestnut kernels, open chestnuts, honey grapefruit chestnut kernels, chestnut drinks and chestnut paste. Chestnuts are used as snack foods. Nuts are very popular in the market. Chestnut paste is used in baking to enrich the taste and marketing effect of snacks.

Analysis of the trend of Japanese chestnut product imports, which was 11,622 tons in 2012, showed a decreasing trend, also affected by poor harvests and the COVID- 19, and fell below 5,000 tons in 2020 to 4,375 tons (up 74.0% from the previous year). Thereafter, 5,273 tonnes (120.5% one years on years base) in 2021 and 4,888 tonnes (92.7% one years on years base) in 2022 were basically flat. In 2012, the amount was 5.26 billion yen, although there is a temporary increase, but the overall trend is decreasing, and in 2020, it will be 2.45 billion yen (71.2% year-on-year). Thereafter, it is expected to grow to 3.55 billion yen (144.6 percent year-on-year) in 2021 and 4.61 billion yen (130.0 percent year-on-year) in 2022. Although the quantity is basically flat, the amount is increasing, which is attributed to the increase in the unit price of imports due to poor harvests in the past few years due to weather and other reasons, rising prices, and rising labor costs of chestnut strippers.