China Imported Fruit Industry Has Bright Future, States CRI in Its In-demand Report Published at MarketPublishers.com12 Jun 2017 • by Natalie Aster
LONDON – As the Chinese economy develops and residents' livelihood improves, people are increasingly focusing on imported products. The demand for imported products comprising fruit is on the rise. During 2016, China imported fruit primarily from around 40 nations and regions, with the major fruit varieties encompassing durian, rambutan, jackfruit, longan, mangosteen, banana and mango. The value of imports of fruit in the country surpassed the USD 5 billion mark in 2016.
With the increase in the buying power over the past few years, the consciousness of locals about health is awakened, resulting in individual customer's surging demand for imported fruit. As against the traditional local fruit, imported fruit is, as a rule, of higher taste and quality. People opt for imported fruit as favoured gifts to relatives and friends, which fuels imported fruit demand. With the rise of e-commerce and cold-chain logistics across China, the e-commerce companies that sell fresh food are emerging on a constant basis, thus making it convenient for local residents to buy imported fruit. Hence, the imported fruit industry has a bright future.
The country’s economy is set to continue to rise through 2021, and residents' income is poised to further growth, fuelling the surging domestic market demand for imported fruit.
The import volume of fruit is estimated to see above a 5% CAGR over the forecast period.
In-demand research report “Research Report on China Imported Fruit Industry, 2017-2021” elaborated by CRI provides an insightful analysis of the industry on a national level.
The study discusses the policy environment of China’s imported fruit industry; offers an analysis of key product varieties in the country; gives an all-round analysis on the degree of the imported fruit market competition domestically; details the prices for imported fruit in China; presents granular information on main sources of imported fruit in China. An analysis of the leading local players is included. The report casts light on the drivers and market opportunities, as well as risks and challenges in the Chinese imported fruit industry during 2017-2021. Additionally, forecast projections on domestic imported fruit supply and demand are at hand in the study.
More in-demand reports elaborated by CRI can be found in this catalogue.