Asian markets increase imports of Vietnamese fruits

Published May 23, 2024

Tridge summary

South Korea has become the second largest export market for Vietnamese fruits due to supply issues from South America and the Middle East. Additionally, strong demand for durian in China is boosting Vietnam's fruit and vegetable exports, with further growth potential if frozen durian export licenses are secured. The Vietnam Fruit and Vegetable Association expects favorable conditions in 2024, driven by increased production and expanded planting areas. Despite challenges in European and American markets, significant growth is anticipated in Australian and Asian markets, with total exports projected to reach US$7 billion this year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the Korean market, affected by the interruption of fruit supply from South America and the Middle East, South Korea has significantly increased its imports of Vietnamese fruits. In the first four months of this year, South Korea's fruit imports surged by 60%, surpassing the United States to become the second largest export market for Vietnamese fruits. Many companies focusing on the East Asian market have also benefited a lot from this. In addition, the strong demand for durian in the Chinese market continues to drive the growth of Vietnam's fruit and vegetable exports. In particular, if Vietnam's frozen durian obtains export licenses, it is expected that durian exports will increase by 30% year by year. Deng Fuyuan, Secretary-General of the Vietnam Fruit and Vegetable Association, said: "2024 is more favorable than 2023 because of increased production, expanded planting areas, and plant quarantine area codes from more than 400 last year to more than 700. The Ministry of ...
Source: Foodmate

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