Mandarins Price in China - 2023
Contents:
- Mandarins Price in China (FOB) - 2023
- Mandarins Price in China (CIF) - 2022
- Mandarins Exports in China
- Mandarins Imports in China
Mandarins Price in China (FOB) - 2023
In June 2023, the average mandarins export price amounted to $1,164 per ton, approximately mirroring the previous month. In general, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in December 2022 when the average export price increased by 7% m-o-m. The export price peaked at $1,389 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Thailand ($1,307 per ton) and Indonesia ($1,279 per ton), while the average price for exports to Myanmar ($1,009 per ton) and Russia ($1,044 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Mandarins Price in China (CIF) - 2022
The average mandarins import price stood at $1,817 per ton in 2022, with a decrease of -4.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 10% against the previous year. As a result, import price reached the peak level of $1,975 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,474 per ton), while the price for Israel ($1,366 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Mandarins Exports in China
In 2022, shipments abroad of fruit, edible decreased by -12.4% to 592K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year. As a result, the exports attained the peak of 714K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, mandarins exports declined rapidly to $717M in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of $1.2B. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Mandarins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 226 | 462 | 412 | 229 | 0.4% |
| Indonesia | 89.4 | 70.9 | 89.3 | 98.5 | 3.3% |
| Thailand | 55.9 | 158 | 144 | 89.7 | 17.1% |
| Malaysia | 117 | 72.5 | 85.9 | 79.2 | -12.2% |
| Philippines | 60.6 | 115 | 105 | 56.4 | -2.4% |
| Kyrgyzstan | 10.6 | 11.0 | 6.2 | 41.3 | 57.4% |
| Russia | 71.8 | 43.4 | 17.1 | 31.4 | -24.1% |
| Hong Kong SAR | 21.5 | 30.5 | 29.4 | 24.2 | 4.0% |
| Canada | 11.6 | 14.0 | 10.9 | 11.5 | -0.3% |
| Myanmar | 52.7 | 120 | 62.8 | 9.9 | -42.7% |
| Bangladesh | 26.4 | 42.8 | 14.9 | 9.6 | -28.6% |
| Kazakhstan | 54.6 | 3.0 | 0.7 | 0.7 | -76.6% |
| Democratic People's Republic of Korea | 20.2 | N/A | N/A | N/A | 0% |
| Others | 22.4 | 19.5 | 35.2 | 36.0 | 17.1% |
| Total | 841 | 1,162 | 1,013 | 717 | -5.2% |
Top Export Markets for Mandarins from China in 2022:
- Vietnam (190.5K tons)
- Indonesia (81.1K tons)
- Thailand (63.5K tons)
- Malaysia (63.0K tons)
- Philippines (52.0K tons)
- Kyrgyzstan (39.3K tons)
- Russia (21.2K tons)
- Hong Kong SAR (16.9K tons)
- Bangladesh (10.7K tons)
- Myanmar (9.3K tons)
- Canada (9.1K tons)
- Kazakhstan (1.0K tons)
Mandarins Imports in China
Mandarins imports into China shrank to 42K tons in 2022, which is down by -6% on the year before. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year.
In value terms, mandarins imports contracted to $77M in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year.
| Import of Mandarins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 52.0 | 34.4 | 40.7 | 37.9 | -10.0% |
| South Africa | 12.6 | 23.9 | 35.4 | 35.1 | 40.7% |
| Israel | 4.8 | 4.5 | 3.5 | 2.1 | -24.1% |
| Hong Kong SAR | 31.7 | N/A | N/A | N/A | 0% |
| Others | 4.9 | 6.9 | 6.3 | 2.1 | -24.6% |
| Total | 106 | 69.7 | 85.9 | 77.2 | -10.0% |
Top Suppliers of Mandarins to China in 2022:
- South Africa (24.1K tons)
- Australia (15.3K tons)
- Israel (1.5K tons)
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