China's demand for durian boosts global sales by 400%

Published Sep 7, 2023

Tridge summary

Chinese consumers' increasing demand for durian has resulted in a 400% surge in global durian sales, with China's demand accounting for 91% of the global market. Durian imports to China have reached $6 billion in the past two years, and China's market continues to grow rapidly, fueled by tax reductions and simplified customs procedures under the Regional Comprehensive Economic Partnership (RCEP). The strict epidemic control measures in China last year may have caused a lower base for durian imports, leading to a sharp increase in this year's data.

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

Original content

(Beijing/Hong Kong Composite News) Chinese consumers' demand for durian has increased, leading to a 400% increase in global durian sales. The South China Morning Post reported that a report released by HSBC on Monday (September 4) showed that China’s demand for durians accounts for 91% of the global market. China has imported a total of US$6 billion (approximately S$8.1 billion) in the past two years. ) durian. Driven by the Chinese market, the global durian sales in the first quarter of this year increased by 400% compared with the same period last year. 90% of the world's durian supply comes from ASEAN member states, an increase of 60% compared to seven years ago. After the Regional Comprehensive Economic Partnership (RCEP) signed between China and ASEAN member states came into effect last year, tax reductions and simplified customs procedures have helped accelerate durian import and export sales. However, Ding Shuang, director of the Greater China Research Department of ...

Source: Zaobao