Vietnam: Durian exports gradually take over market share in China

Published 2024년 12월 11일

Tridge summary

In the first 10 months of 2024, China imported approximately 1.5 million tons of durian, spending nearly 6.68 billion USD, with Vietnam becoming the largest supplier after Thailand. Vietnamese durians accounted for 46.9% of China's durian imports, generating over 3 billion USD, a significant increase from the previous year. The Chinese market consumes 91% of the world's durian, indicating great potential. Thai durian suppliers are encouraged to improve quality control and innovate new varieties to maintain their market leadership, while Vietnamese durian producers are recommended to improve quality and appearance to dominate the Chinese market.

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

Original content

The Import and Export Department (Ministry of Industry and Trade) cited data from the Chinese Customs Administration, saying that in the first 10 months of 2024, China imported approximately 1.5 million tons of durian, worth nearly 6.68 billion USD, up 10.1% in volume and 4.4% in value over the same period last year. Vietnam earned more than 3 billion USD from durian exports in the first 10 months of 2024. Durian consumption in the Chinese market accounted for 91% of global consumption in 2023, showing the great potential of this market. Notably, although Thailand held the position of the largest durian supplier in the Chinese market in the first 10 months of 2024, it is facing great competition from Southeast Asian countries, typically Vietnam. Specifically, China spent nearly 3.87 billion USD to import about 785,000 tons of durian from Thailand at an average price of 4,927 USD/ton. However, the volume of durian imported from Thailand decreased by 13.2% and the value ...

Source: VNRuralEconomics