Vietnamese dragon fruit exporters are expected to have another difficult year as more countries grow the fruit and make the international market increasingly competitive. According to the General Department of Customs, Vietnam’s exports have been plummeting since 2019. In 2021 and 2022 it did not make the list of billion-dollar export items. In fact last year dragon fruit exports were worth only US$632 million, a 39% decline from 2021 and 49% drop from their 2019 peak.
In the first two months this year exports were worth only $106 million, a 26.9% year-on-year decline. Vietnam used to account for 80-90% of global shipments in the past, but with many countries starting to grow and export it, competition has become very intense, causing its share to fall dramatically.
Source: e.vnexpress.net