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Article Publishing Date: Nov 8, 2022
In August 2022, the pear price per ton amounted to $1.1K (FOB, China), dropping by -10.3% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 19% against the previous month. The export price peaked at $1.3K per ton in June 2022; however, from July 2022 to August 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2022, the country with the highest price was Canada ($1.5K per ton), while the average price for exports to Indonesia ($873.0 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
In August 2022, overseas shipments of pears increased by 87% to 56K tons, rising for the second month in a row after three months of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2022 with an increase of 102% month-to-month.
In value terms, pear exports surged to $63M (IndexBox estimates) in August 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when exports increased by 96% month-to-month. The exports peaked in August 2022.
Indonesia (20K tons), Vietnam (15K tons) and Thailand (4.9K tons) were the main destinations of pear exports from China, with a combined 70% share of total exports. These countries were followed by Malaysia, the Philippines, the United States, Hong Kong SAR, Canada, Singapore, the Netherlands and Bangladesh, which together accounted for a further 25%.
From January 2022 to August 2022, the biggest increases were in the United States (with a CAGR of +13.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($19M), Indonesia ($17M) and Thailand ($6.5M) appeared to be the largest markets for pear exported from China worldwide, with a combined 68% share of total exports. Malaysia, the United States, the Philippines, Hong Kong SAR, Canada, Singapore, the Netherlands and Bangladesh lagged somewhat behind, together comprising a further 26%.
In terms of the main countries of destination, the United States, with a CAGR of +15.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
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