Vietnam's durian exports continue to break records
Monday, September 9,2024AsemconnectVietnam - In the first 7 months of the year, durian exports of all kinds reached 476,130 tonnes, worth 1.6 billion USD, up 50.5% in volume and 49.4% in value over the same period last year.
According to General Department of Customs, in July, Vietnam's durian exports of all kinds (including fresh, frozen, and dried) reached over 76,000 tonnes, worth 280.18 million USD, down 30.8% in volume and 30.7% in value compared to June, down 1.7% in volume compared to July 2023, but up 82% in value.
In the first 7 months of 2024, durian export of all kinds reached 476,130 tonnes, worth 1.6 billion USD, up 50.5% in volume and 49.4% in value over the same period last year. This figure is equivalent to 42% of Vietnam's total fruit and vegetable export turnover in the first 7 months of the year.
According to sources in the Central Highlands this year, durian prices have increased due to strong demand from Chinese market, especially for upcoming Mid-Autumn Festival. This forecasts that durian export turnover will continue to increase strongly in the last months of the year.
Secretary General of Vietnam Fruit and Vegetable Association - Dang Phuc Nguyen commented that this is a bumper year for durian industry, when prices continuously increase, bringing great profits to farmers. Notably, on August 19, Vietnam signed a protocol on exporting frozen durian to China, opening a new turning point for the industry, promoting strong development.
Mr. Nguyen emphasized that opening market to new products such as pureed durian and durian pulp will create higher added value than fresh durian. This will not only help diversify processing, reduce seasonal harvesting pressure, but also make the most of raw materials, especially for fruits that do not meet appearance requirements. Currently, price of a container of frozen durian is about 5-6 billion VND.
Ministry of Agriculture and Rural Development forecasts that durian export turnover this year will reach 3-3.5 billion USD, with frozen durian at about 400-500 million USD.
Last year, Vietnam exported about 500,000 tonnes of fresh durian, worth 2.3 billion USD, of which 90% went to China. Durian growing area is 154,000 hectares, with output reaching nearly 1.2 million tonnes, with a growth rate of 15% per year.
China remains main consumer market for Vietnamese durian. According to information from Import-Export Department (Ministry of Industry and Trade), in the first half of this year, price of imported durian into China reached 4,760 USD/ton, down 2.3% compared to the same period last year. Of which, average import price of durian into China from Vietnam and Malaysia but from Thailand increased.
Thailand was the largest supplier of durian to China in the first half of this year, reaching 558,300 tonnes, worth 2.85 billion USD, down 7% in volume and 5% in value compared to the same period last year.
Thailand's durian market share in China's total imports was 67%, down from 76% in the first half of last year.
In contrast, in the first half of this year, China increased its durian imports from Vietnam, up 46% in volume and 33.3% in value over the same period last year, reaching nearly 273,540 tonnes, worth 1.1 billion USD.
Vietnam's durian market share in China in the first half of this year reached 32.8%, up more than 9% over the same period last year.
A representative of Import-Export Department (Ministry of Industry and Trade) said that Vietnamese fruit and vegetable industry also has high expectations for the export growth rate of durian in the remaining months of this year. Vietnam has advantage of a year-round durian supply, while durian from countries such as Thailand and Malaysia is currently at the end of its season.
Source: Vitic/ congthuong.vn
In the first 7 months of 2024, durian export of all kinds reached 476,130 tonnes, worth 1.6 billion USD, up 50.5% in volume and 49.4% in value over the same period last year. This figure is equivalent to 42% of Vietnam's total fruit and vegetable export turnover in the first 7 months of the year.
According to sources in the Central Highlands this year, durian prices have increased due to strong demand from Chinese market, especially for upcoming Mid-Autumn Festival. This forecasts that durian export turnover will continue to increase strongly in the last months of the year.
Secretary General of Vietnam Fruit and Vegetable Association - Dang Phuc Nguyen commented that this is a bumper year for durian industry, when prices continuously increase, bringing great profits to farmers. Notably, on August 19, Vietnam signed a protocol on exporting frozen durian to China, opening a new turning point for the industry, promoting strong development.
Mr. Nguyen emphasized that opening market to new products such as pureed durian and durian pulp will create higher added value than fresh durian. This will not only help diversify processing, reduce seasonal harvesting pressure, but also make the most of raw materials, especially for fruits that do not meet appearance requirements. Currently, price of a container of frozen durian is about 5-6 billion VND.
Ministry of Agriculture and Rural Development forecasts that durian export turnover this year will reach 3-3.5 billion USD, with frozen durian at about 400-500 million USD.
Last year, Vietnam exported about 500,000 tonnes of fresh durian, worth 2.3 billion USD, of which 90% went to China. Durian growing area is 154,000 hectares, with output reaching nearly 1.2 million tonnes, with a growth rate of 15% per year.
China remains main consumer market for Vietnamese durian. According to information from Import-Export Department (Ministry of Industry and Trade), in the first half of this year, price of imported durian into China reached 4,760 USD/ton, down 2.3% compared to the same period last year. Of which, average import price of durian into China from Vietnam and Malaysia but from Thailand increased.
Thailand was the largest supplier of durian to China in the first half of this year, reaching 558,300 tonnes, worth 2.85 billion USD, down 7% in volume and 5% in value compared to the same period last year.
Thailand's durian market share in China's total imports was 67%, down from 76% in the first half of last year.
In contrast, in the first half of this year, China increased its durian imports from Vietnam, up 46% in volume and 33.3% in value over the same period last year, reaching nearly 273,540 tonnes, worth 1.1 billion USD.
Vietnam's durian market share in China in the first half of this year reached 32.8%, up more than 9% over the same period last year.
A representative of Import-Export Department (Ministry of Industry and Trade) said that Vietnamese fruit and vegetable industry also has high expectations for the export growth rate of durian in the remaining months of this year. Vietnam has advantage of a year-round durian supply, while durian from countries such as Thailand and Malaysia is currently at the end of its season.
Source: Vitic/ congthuong.vn
Pangasius exports to the US grow strongly
Wood industry witnesses positive market signals
WB expert: It is not necessary to implement a loose fiscal policy
Export growth creates momentum for economic growth
DAILY: Vietnamese pepper prices fell by 2000-3000 VND on September 06, 2024
DAILY: Vietnamese coffee prices remained unchanged on September, 06 2024
Vietnam earns 177 million USD from exporting goods to Myanmar
Dong Nai’s trade surplus reaches 4.2 billion USD in eight months
New markets help fruit exports grow to record revenues
Vietnam attracts foreign investors thanks to its stability: Russian official
Vietnam's seafood exports to the EU increased by 12.7% in the first 7 months of 2024
Vietnam's coffee exports to the EU rose by 38% in the first 7 months of 2024
Exports of computers, electronic products and components grew strongly
Vietnam's textile and garment exports to the EU market increased by 3.2% in the first 7 months of 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Hanoi lotus-scented tea making craft listed among national ...
The Ministry of Culture, Sports, and Tourism has issued a decision recognising the traditional craft of making lotus-scented tea in Quang ...Vietnam festival helps tighten friendship with Japan
Vietnam to play friendly matches with Thailand and Russia ...