According to Chinese Customs, the total export value of vegetables, roots, fruits, and processed products from various countries to China reached $24.4 billion in 2023. Thailand continued to lead with a value of $8.6 billion, accounting for 36% of the market share. Thailand’s market share decreased by nearly 2% compared to 2022.
Việt Nam ranked second with a value of $3.4 billion. Vietnam’s market share in the Chinese market nearly doubled from 8% in 2022 to 14% in 2023.
Therefore, Vietnam has surpassed Chile – the country that had been in second place for many years in terms of fruit and vegetable exports to China.
According to the Vietnam Fruit and Vegetable Association, the reason for Vietnam’s market share exceeding Chile in fruits and vegetables is due to a significant increase in the export value of durian. Along with that, China has been significantly increasing its imports of processed fruits and vegetables from Vietnam, resulting in a significant increase in the export value of this product.
In 2023, Vietnam exported nearly half a million tons of durian to China.
Statistics from the Vietnam Fruit and Vegetable Association show that in 2023, China imported nearly 493,000 tons of durian from Vietnam, with a value of $2.1 billion, an increase of 1,107% in quantity and 1,035.8% in value compared to 2022.
Vietnam’s market share of durian in China’s total imports has increased significantly to 34.6%. The average import price of durian from Vietnam is over $4,332 per ton.
Mr. Dang Phuc Nguyen, Secretary General of the Vietnam Fruit and Vegetable Association, believes that the demand for durian in the Chinese market, with a population of 1.4 billion, is currently very high. Previously, Thailand was the main supplier of durian to China, with a market share of over 65% last year, reaching 929,000 tons, valued at $4.57 billion.
According to Mr. Nguyen, by 2025, the demand for durian in the Chinese market could reach $20 billion, and the global demand could reach $28.6 billion. All Southeast Asian countries exporting durian in the region still do not meet the market demand. Therefore, there is still great potential for Vietnam to increase its export of this product to China.
In particular, this year, China will allow the import of frozen durian from Vietnam, which could result in an export value of about $3.5 billion.
