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China: Prices of fruit imported through Tianjin harbour dropping

Autumn is the consumption high season for the fruit market. So far, in 2017, a total of 104,960 tons of imported fruits have passed through the Inspection and Quarantine Bureau of Tianjin. The data reveals a situation where the trade volumes stay the same, but the prices drop. Interestingly, the imported fruit from Thailand has increased 40 times compared to the same period last year. For the people of China, buying imported fruits is becoming less expensive by the day. Consumers now have an increasingly varied offer of fruit varieties to choose from.

The imported fruits traded most at Tianjin harbour are bananas, pineapples, kiwis and some ten other varieties. The main countries from which these imported fruits originate include the Philippines, Ecuador, New Zealand and other countries. Looking at the varieties that are imported, bananas are imported in the largest volumes, taking up no less than 64.22% of all the trade. The proportion of Thai fruits is also rapidly increasing, being 40 times more than the same period last year. Especially Thai coconuts are popular, taking up 96.3% of all the fruits imported from Thailand. On the other hand, the import of high-end fruits has dropped. Kiwis for example, that are normally imported in large quantities, only show import volumes at 75.71% of the size compared to the same three seasons last year. This is also one of the main reasons why the price of imported fruits is dropping so clearly this year.

Based on the analyses of professionals in the trade, there are a few main reasons why the volumes have remained stable but the prices have dropped at the Tianjin harbour from January to September. The first reason is that the domestic fruit market keeps booming. No matter if it is in regard to the outward appearance, the packaging or the marketing, Chinese fruits perform just as well, if not better than imported fruits. A second reason is that an all-round upgrade of efficiency for customs clearance at the Tianjin harbour has greatly reduced the time and costs for high-end fruits to cross the border.

Source: www.enorth.com.cn


Publication date: 10/16/2017


 


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