China sets new records for durian imports in 2021 despite pandemic

Published 2022년 1월 25일

Tridge summary

Between 2010 and 2019, there was a significant increase in durian consumption in China, with the annual growth rate averaging over 16%. This trend continued into 2021, with China's durian imports reaching over 809,000 metric tons and a value of $4.13 billion. The majority of these imports were from Thailand, and the demand has led to a surge in durian prices. In 2021, Thailand's durian exports hit record highs due to China's increasing demand. However, customs and shipping issues caused by the COVID-19 pandemic are expected to pose challenges for Thai durian exports to China in 2022. Thai chambers of commerce are considering strategies such as stricter sanitation measures for exports, opening new trade routes, and developing trade relations with other countries to mitigate these risks and reduce the sector's reliance on the Chinese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Between 2010 and 2019, durian consumption in China grew at a relatively rapid pace, maintaining an average annual growth rate of more than 16%. According to customs data, this trend continued into 2021, with China’s durian imports between January and November reaching a volume of over 809,000 metric tons and a value of $4.13 billion. China’s previous highest annual import volume was 604,500 tons in 2019, with the highest import value being $2.3 billion in 2020. Both records had already been broken in the first 11 months of 2021. China’s durian imports originate almost exclusively from Thailand and are subject to enormous market demand. In recent years, this booming demand coupled with soaring shipping costs has led to increased durian prices. The average price of fresh durians in China rose to $4.0 per kilogram in 2020, and it increased again in 2021 to as high as $5.11 per kilogram. As a result of shipping difficulties caused by the COVID-19 pandemic, as well as China’s somewhat ...

Source: Producereport