Vietnam's Durian Export Boom to China
According to recent data from Chinese customs, Vietnam has significantly increased its durian exports to China, marking a 50% rise. This surge has propelled Vietnam's earnings from these exports to an impressive US$2.9 billion, a 38% increase. In contrast, shipments from Thailand to China have seen a decline, with volumes and values dropping by 13% and 12.5%, respectively.
Competitive Advantages of Vietnamese Durian
Dang Phuc Nguyen, the general secretary of the Vietnam Fruit and Vegetable Association, highlighted the strategic advantages Vietnam holds. The country's proximity to China not only reduces shipping time and costs but also ensures a steady supply of durian throughout the year. This is particularly crucial after Thailand's main harvest season concludes around July and August. Additionally, Vietnamese durian is priced more competitively at around $4,000 per ton compared to Thailand's $5,000.
Future Prospects and Challenges
Nguyen also pointed out that, barring adverse effects from climate change, Vietnam could surpass Thailand in export volume. However, he emphasized the importance of strict compliance with China's import regulations to maintain consistent quality and strong branding. This is essential for competing effectively with products from other suppliers. Vietnam's durian exports were valued at an estimated $3.3 billion last year, with expectations to rise to $3.5 billion this year.
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