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The Kaitai Research Center reported that Thailand’s mangosteen exports increased by 14.6%-18.8% this year

 Last Update: 2021-10-19
 Source: Internet
 Author: User

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Thailand’s Kaitai Research Center reported that the export situation of Thai fruits, especially fresh fruits, was good in 2021.
This is reflected in the year-on-year growth rate of Thailand’s fresh fruit exports in US dollars from January to July this year by 54.
9%.
Promotion of mangosteen export volume .
Mangosteen, known as the “Queen of Thai Fruits”, has always been the third largest export economic fruit variety with good export growth in Thailand .
The export value of mangosteen from January to July 2021 increased by more than 21.
8% year-on-year, mainly due to strong demand in foreign markets, which led to high export prices of Thai fruits.
At the same time, the export volume was affected by the epidemic and reduced or caused supply disruption .

The Kaitai Research Center believes that the export value of Thai mangosteen from September to December 2021 will slow down as the number of listings decreases compared with the previous period, especially the peak period of listing from June to August.
At the same time, the supply interruption caused by the epidemic will only cause short-term problems.
Sexual effects will improve afterwards
.
Foreign market demand may be able to boost the export price of mangosteen, but it still cannot make up for the decrease in supply due to seasonal factors
.
Therefore, the Kaitai Research Center predicts that the total export value of Thailand's mangosteen in 2021 will be approximately US$540-560 million, a year-on-year increase of 14.
6-18.
8%, mainly due to export prices
.

In terms of market competition, although Thailand will face greater challenges from its main competitor, Indonesia, participating in the competition for market share in China, Thailand can still occupy the largest share of the Chinese market because of the unique taste of Thai mangosteen and Thailand is very familiar with the Chinese fruit market.
It has a competitive advantage in price, and Thailand's geographical location is close to China and transportation is convenient and fast.
Mangosteen can maintain its freshness and quality
.

In the past three years (2018-2020), Indonesia's mangosteen production has been supported by government policies and has grown rapidly.
In 2020, it has been close to Thailand's 320,000 tons, but it is mainly supplied for domestic sales
.
The export volume of Thai mangosteen is currently 6 times higher than that of Indonesia.
If Indonesia can rapidly increase its export volume in the future, it may still affect Thailand's future competitiveness
.

Kaitai Research Center believes that what needs to be resolved is the supply interruption
.
Although its impact is only short-term, if it is solved well, the experience of solving the problem of mangosteen supply interruption can help solve the shortage of labor for harvesting other vegetables/fruits in the next season to avoid repeating the same mistakes
.
It is recommended that the government play a role in solving the problem of labor shortage, including providing labor cost support and developing agricultural harvesting skills suitable for each region
.

The Kaitai Research Center believes that it is necessary to actively improve the competitiveness of Thai fruits in the international market, while accelerating the development of high-quality mangosteen varieties that can maintain high yields, while applying new age agricultural technology to help increase the yield and quality of mangosteen, including improving planting, maintenance and preservation The level of efficiency
.
At the same time, the mangosteen processing industry plays an important role in increasing the value of products, increasing product diversification, and upgrading products to high-quality health foods
.
In addition, Thailand should expand exports to other potential markets such as the United States to stimulate domestic demand, so as to ensure that Thai mangosteen can continue to grow and maintain its status as an important economic fruit in Thailand and the "Queen of Thailand" favored by international consumers
.

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