China: The Spring Festival approaches but the longan market in Thailand and Cambodia is weak

As the Spring Festival approaches, domestic fruit wholesale markets have entered Spring Festival mode, but the atmosphere is cooler than in previous years. Longan, as a traditional popular fruit in winter, also has to face the impact of the sluggish economic environment and declining consumption willingness. Customs data shows that, The import volume of longan in 2023 will decrease by more than 10% year-on-year, and the import volume in November and December will also decrease compared with previous years. Longans in the domestic market in winter mainly come from Thailand and Cambodia. Thailand, as the main source of imported longans, once occupied 99% of the imported longan market. After Cambodian longans were officially admitted in 2022, their domestic market share will be rapid in 2023. Reached 5%. Last year, due to production reductions in Thai longan, prices at the origin increased, coupled with low domestic prices, exports to China fell from 380,000 tons in 2022 to 327,000 ...