(HSV VIETNAM GROUP) – In just the first 9 months of 2023, Vietnam exported durian to 9 countries with a turnover of over 1.7 billion USD, an increase of 7 times compared to the same period last year.
HSV promotes agricultural products in 2024, including durian
This is the latest customs statistics. Accordingly, durian has the strongest growth among the fruits. China is the leading country with a consumption of 1.57 billion USD of durian in 9 months, accounting for 92% of the total export turnover of this fruit and increasing several dozen times compared to the same period in previous years.
Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that with this sharp increase, durian exports this year are expected to reach 2 billion USD. This is also a record level, raising Vietnam's export market share of this product to surpass Malaysia and the Philippines in the Chinese market.
Vietnamese durian has an increasing advantage when it signs a Protocol with China. In addition, the shipping time is short, Vietnamese products are always fresh and delicious, so they have strong competitiveness compared to Thai, Malaysian and Philippine products. If Vietnamese durian is cared for technically, high quality products will not worry about losing market share in China.
HSV Vietnam Group Joint Stock Company focuses on exporting to the Chinese market, currently negotiating to sign a contract to supply up to 500 containers of durian to the Chinese market in 2024.
According to export businesses, the durian crop in the Central Highlands provinces is nearing the end of the season, so output is gradually decreasing. Therefore, durian prices may increase in the near future. The Central Highlands is a growing area with an area of up to 70,000 hectares, accounting for about 50% of Vietnam. Central Highlands durian is attractive to the Chinese market because Thai products are out of season at this time.
In addition to the Chinese market, Vietnamese durian is also attracting customers from the US and Canada. In the first 9 months of the year, purchasing power in these two markets increased 2-3 times compared to the same period last year.
Statistics from the Ministry of Agriculture show that in 2010, the whole country had 92,000 hectares of durian, this year it has increased to 131,000 hectares. The average annual growth rate of the country during this period is 24.5%.
This year's durian output is estimated at over 1 million tons, an increase of 15.9% compared to 2022. Of which, the third quarter's output is about 350,000 tons, and the fourth quarter's output is estimated at 260,000 tons.
HSV Vietnam Group Joint Stock Company promotes agricultural products in 2024, including durian, focusing on exporting to the Chinese market. Currently, HSV is negotiating to sign a contract to supply up to 500 containers of durian to the Chinese market in 2024. Next year promises to be a successful year for HSV when it encroaches and anticipates the recovery of the agricultural industry after a long period of the market being affected by epidemics and economic recession.
All information about agricultural product business, especially durian export, will be updated by the Company on the Website so that Investors and Customers can accompany, monitor and participate in the further development and growth of HSV Vietnam Group Joint Stock Company in the coming time.
Ha Diem HSV