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Chinese consumer demand for imported durians only grows stronger

The peak period of the durian harvest in Thailand falls between April and October every year.

CCTV reported that China imported 575,000 tons of durians in 2020. Their import value reached a total of 1.47 billion yuan [230 million USD]. Relevant institutions in Thailand estimate that the overall export volume of Thai durian reached 700,000 tons in 2020. That means Chinese consumers ate almost 80% of the Thai durian export volume. There is no doubt that China is the largest export market for Thai durian.

Data from the Thai Agricultural Cooperation Bank (BAAC) shows that the production volume of Thai durian is set to reach 1.28 billion tons this year. That is a growth of 15.44% compared to last year.

However, Trat province suffered from a typhoon in March this year. The extreme weather conditions severely harmed durian plantations in that province. Durian planters in Trat suffered significant financial loss. As a direct result of this disaster, the Chinese market price of Thai durian is likely to go up this year. In addition, many Chinese clients pre-order, which already stimulates the price of Thai durian to rise.

The price per kg in Thai durian production areas already increased by 9.23% to around 100-140 Thai baht [3.18-4.45 USD] per kg, with an average price of 120 Thai baht [3.82 USD] per kg. That is nearly a sixfold increase compared to the price of 50 Thai baht [1.59 USD] per kg in 2015.

The Chinese market has huge potential and only grows stronger. That was already obvious last year and expectations for this year are even higher.

Source: berdafruit.com.cn


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