In 2021, the price index of imported fruits fluctuated year on year, and it increased especially in the fourth quarter. The domestic fruit market was stable but weak in 2021. Although the price of some fruits increased as they suffered from production losses, the supply of fruits still exceeded the demand.
In terms of imported fruits, domestic consumers' demand is still strong, and the overall supply of imported fruits has been reduced due to the escalation of prevention and control measures over the pandemic. This has promoted the continuous rise in imported fruit prices. A preliminary forecast is made for the future fruit market by taking into account both the operation and the comprehensive situation of the fruit price index.
As the Spring Festival is approaching, the market is mainly filled with fruits produced in autumn and winter, such as citrus, grapefruit, jujube and other fruits, and they occupy a large share. Additionally, fruit production increased overall this year, and there is still room for the price to go down when a large number of fruits get on the market. For the storable fruits like apples and pears, their price will be stable but weak as citrus fruits enter the market. When the autumn and winter fruits are gradually absorbed by the market, the substitution effect on storable fruits will be weakened. Then the price of apples, pears, and other fruits will remain stable again.
Consumer demand for imported high-end fruits will continue to enlarge during the New Year holidays. As the imported dragon fruit, cherry, longan, and other fruits were tested positive for COVID-19 in some places, several provincial governments have issued notices to strengthen the control of imported fruits and further require closed-loop management of them. The continuous escalation of the prevention measures will bring many uncertainties and instabilities to the market of imported fruits in the future, and the price of imported fruits will remain high in the short term.
Source: Jiaxing Fruit Market