May 22, 2024 | Bangkok Post |
Durian prices in China have fallen due to increased competition from Vietnamese exports and economic factors. Typically a luxury item, durian's price drop is notable. On platforms like Pupu, a six-kilogram durian dropped from 279 yuan (US$39) to 179-209 yuan (US$25-29). This decrease follows a rise in Vietnamese durian imports, which are cheaper than Thai durians. In April, Thai durians were $5.80 per kg, while Vietnamese ones were $4.22 per kg.
Supply issues also play a role; Thailand's durian production fell due to a deadly heatwave, leading to a 32% drop in overall imports in early 2024. Thai durians lost 49% of their value compared to the previous year. Despite these challenges, Thailand retained 66% of China's durian market share, though Vietnam's market share grew by 82%.
Vietnam's logistical advantage, with lower shipping costs due to land routes, has bolstered its position. Economic challenges in China have led to price sensitivity among consumers, further affecting demand for expensive durians. Other fruits, like jackfruit, have similarly seen price drops. Overall, the competition and economic conditions have led to a notable shift in the durian market dynamics in China.