The Chinese market increases the import of bananas from Vietnam
In the first five months of 2022, China imported 742,000 tons of bananas, an increase of 10% over the same period, of which Vietnamese bananas accounted for 43%, surpassing the Philippines with 28%.
According to Mr. Dang Phuc Nguyen - General Secretary of the Vietnam Fruit and Vegetable Association, in the first five months of 2022, Vietnam's fruit and vegetable export turnover reached USD 1.4 billion, a decrease of 17% compared to the first five months of 2021 due to the decline in market share in China. In particular, exports in the first four months of the year to the Chinese market reached USD 625 million, a decrease of 28% over the same period.
Exports to the Chinese market all showed signs of decline, but bananas alone had a remarkable growth. In the first five months of 2022, China imported 742,000 tons of bananas, an increase of 10% over the same period, of which Vietnamese bananas accounted for 43%, surpassing the Philippines with 28%.
According to Mr. Dang Phuc Nguyen, in the upcoming time period, China would increase the import of Vietnamese bananas. The first reason given is that Vietnam is geographically closer to China than other countries. China's banana acreage has decreased due to increased input costs, land rental costs and labor costs, leading to an increase in import market share. The impact of the Panama disease caused a sharp decline in the quality of bananas in China due to the use of disease-resistant varieties.
Mr. Dang Phuc Nguyen also affirmed that China is an important market. In order to increase the import share of this market, Vietnamese products need to improve their quality. No longer with Zero Covid policy, Vietnam will be able to compete very well even with other countries in the region.
According to Mr. Doan Ngoc Co, Deputy Director of Gia Lai Department of Agriculture and Rural Development: Gia Lai province currently has about 21,500 hectares of fruit trees, the province has just issued a project on fruit tree development with an orientation to 2025, with a vision to in 2030. In which, the area of fruit trees is expected to increase to 55,000 ha by 2025, and 100,000 ha by 2030.
To do this, Gia Lai advocates shifting inefficient areas of cassava, sugarcane, cashew, and rubber cultivation to concentrating on fruit trees. 4 types of trees are planned by the province to be the main export group, including: passion fruit, banana, avocado and durian.
In the fruit tree development project, the province plans to increase the banana growing area from 4,000 to 10,000 hectares. The remaining two types of trees, avocado will increase the area from 2,600 to 4,000 hectares, and durian will increase the area from 2,800 to 6,000 hectares.
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