Thailand's mangosteen exports increased by 20%, Indonesia became its biggest rival

Published 2021년 9월 15일

Tridge summary

Thailand's mangosteen exports experienced a significant growth of over 21.8% from January to July 2021, despite the pandemic's impact, making it the country's third-largest export economic fruit variety. However, a sharp decrease in domestic prices and supply interruptions are expected to affect exports from September to December. The Kaitai Research Center predicts a total export value of 5.4-5.6 Billion U.S. dollars in 2021, with a projected increase of 14.6--18.8% from the previous year. The center emphasizes the need to address supply interruptions and improve Thailand's sustainable competitiveness by developing high-quality mangosteen varieties, advancing agricultural technology, and expanding to new markets. The growing competition from Indonesia, which has been supported by official policies, poses a threat to Thailand's market share in China.

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

Original content

According to Thailand’s "China Daily" report, from January to July this year, Thailand’s mangosteen exports increased by more than 21.8% year-on-year. Mangosteen is known as the “Thailand Queen of Fruits” and its exports have grown well, making it Thailand’s third largest export economic fruit variety. Although Thailand has been affected by the epidemic since July, domestic mangosteen prices have fallen sharply, with the highest drop reaching 50%. Coupled with the supply interruption caused by the epidemic, the export volume has shrunk. However, due to the promotion of overseas market demand, Thai mangosteen exports in the first half of the year The average price is at a high level. Entering September, Thailand’s Kaitai Research Center believes that from September to December, Thailand’s mangosteen exports will slow down due to reduced supply. The supply interruption caused by the epidemic will only have a short-term impact, and it will improve thereafter. Overseas market demand ...

Source: Guojiguoshu