Rebounding Chinese economy to drive growth in citrus demand

게시됨 2021년 1월 27일

Tridge 요약

China's fresh citrus production and consumption are projected to increase in the 2020/21 season, reaching 35.6 million tons and 34 million tons respectively, according to FAS/Beijing. However, the production growth rate is expected to slow due to falling prices and saturated consumer demand. The demand for imported citrus is predicted to remain low because of the economic downturn, with imports of fresh oranges expected to grow slightly to 290,000 tons. Major suppliers include Egypt, South Africa, Australia, the US, and Spain. China's orange exports are also expected to rise by 5% y-o-y to 55,000 tons, with Vietnam being the main importer.
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원본 콘텐츠

China’s fresh citrus production and consumption are forecast to continue their upward trends in 2020/21, reaching 35.6 million tons and 34 million tons, respectively, according to FAS/Beijing data. However, the rate of production growth is expected to slow as prices drop and consumer demand reaches saturation point. Demand for imported citrus in 2020/21 is expected to remain low due to the economic downturn, down 25% overall from pre-COVID levels. There are also lower imports of frozen concentrate orange juice and production, indicating consumers’ changing preferences to juices made from fresh fruits. Chinese countermeasures for COVID-19 will continue to add complications and costs to all cold chain imports, including citrus. Fresh orange imports are projected to grow slightly in 2020/21 to 290,000 tons, as the Chinese economy partially rebounds while local citrus supplies will depress import demand. Major suppliers remain Egypt, South Africa, Australia, the US, and Spain. China's ...

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