Each Japanese family spends 29.9 USD/year to buy bananas, an opportunity for Vietnam to expand its market share

Published 2022년 10월 24일

Tridge summary

Japanese households spend an average of 29.9 USD on bananas per year, offering potential for expanding Vietnam's banana market share. Despite a decrease in overall banana imports, Japan's imports from Vietnam, Thailand, and Laos have increased in the first eight months of 2022. Meanwhile, Vietnam's fruit and vegetable exports in September 2022 reached 251.9 million USD, with the first nine months of 2022 bringing in 2.4 billion USD, a 12% decrease from the previous year. Exports to China, the main market, saw a sharp decrease, but there are positive signs with new export agreements and experimental exports to other markets.

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

Original content

According to Reuters, Japanese households spend an average of 4,387 yen (equivalent to 29.9 USD) on bananas/year, so there are still many opportunities to expand Vietnam's banana market share in Japan. Copy. According to statistics from Japan Customs, the import value of Japan's banana variety (HS 0803) in the first eight months of 2022 reached 728,700 tons, worth 80.2 billion yen (equivalent to 539 million USD). 3 million USD), down 3.3% in volume but up 4.9% in value over the same period in 2021. The average price of imported bananas reached 110,000 yen/ton, up 8.5% over the same period last year. 2021. Japan imported the most variety of banana from the Philippines market in the first 8 months of 2022, reaching 557,000 tons, worth 80.2 billion yen (equivalent to 418.1 million USD), down 0.6% in volume, but increased by 5.2% in value over the same period in 2021. The proportion of bananas imported from the Philippines market accounted for 77.8% of the total import volume. ...

Source: Danviet