According to Thailand's "China Daily" report, from January to July this year, Thailand's mangosteen exports increased by more than 21.8% year-on-year. Supported by demand from overseas markets, Thai mangosteen export prices are at a high level, but the supply interruption caused by the new crown pneumonia epidemic has also caused export volumes to shrink.
According to Thailand's "China Daily" report, from January to July this year, Thailand's mangosteen exports increased by more than 21.8% year-on-year. Supported by demand from overseas markets, Thai mangosteen export prices are at a high level, but the supply interruption caused by the new crown pneumonia epidemic has also caused export volumes to shrink.
Overseas market demand may be able to drive up the export price of mangosteen, but it still cannot make up for the loss caused by the reduced supply due to seasonal factors. The Kaitai Research Center predicts that the total export value of Thailand's mangosteen in 2021 will be approximately US$540-560 million (approximately RMB 3.485-3.614 billion), a year-on-year increase of 14.6 to 18.8%.
In terms of market competition, although its main competitor, Indonesia, has participated in the competition for China's market share, Thailand has encountered greater challenges, but Thailand can still occupy the largest share of the Chinese market. This is because Thai mangosteen has a unique taste and Thailand is very familiar with the Chinese fruit market, coupled with its geographical location close to China and convenient and fast transportation, so that Thai mangosteen can maintain its freshness and quality.