Southeast Asian mandarin markets show strong growth potential

Published 2024년 8월 15일

Tridge summary

The Southeast Asian region, excluding Vietnam, has experienced a 8% increase in mandarin imports in the 2023/24 season, reaching approximately 440,000 metric tons in the first 11 months. With the potential to import up to 800,000 metric tons per season, the region's growth opportunities are significant, especially as China remains the primary supplier. Despite the Red Sea crisis, Morocco and Egypt still hold promise in the Southeast Asian market, with Egypt currently focusing on Hong Kong, Malaysia, Singapore, Indonesia, and Vietnam, and Morocco targeting these markets along with Hong Kong.

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

Original content

According to a news report from fruit industry media outlet EastFruit, mandarin imports into the Southeast Asia region* surged during the 2023/24 season following two years of decline. In the first 11 months of the season (July 2023 to May 2024), the region’s major importing markets (excluding Vietnam) brought in approximately 440,000 metric tons of mandarins, representing an 8% increase over the previous season’s total imports. Judging from this trend, the final import volume for the 2023/24 season may fall only slightly short of the record 500,000 metric tons registered in the 2020/21 season. Yevhen Kuzin, a fruit and vegetable market analyst at EastFruit and an international consultant for the Food and Agriculture Organization of the United Nations, was quoted as saying that the Southeast Asia region (excluding Vietnam) has the potential to import 500,000 metric tons of mandarins each season, with an additional 200,000 to 300,000 metric tons entering the Vietnamese market ...

Source: Producereport