Fruit - China

China

Gross production value in Fruit market is projected to amount to US$11.49bn in 2024. An annual growth rate of 5.95% is expected (CAGR 2024-2028), resulting in gross production value of US$14.48bn in 2028.
The import value in Fruit market is projected to amount to US$27.9bn in 2024. An annual growth rate of 18.38% is expected (CAGR 2024–2028).
The export value in Fruit market is projected to amount to US$11.0bn in 2024. An annual growth rate of 8.74% is expected (CAGR 2024–2028).

Key regions: United Kingdom, Germany, Italy, United States, Brazil

Market

Region

Region comparison

Currency

Analyst Opinion

China is a country known for its diverse range of fruits, with a variety of tropical and subtropical fruits being grown in different regions of the country. The Fruit market in China has been witnessing significant growth in recent years due to various factors.

Customer preferences: Chinese consumers are becoming increasingly health-conscious and are looking for healthier food options. This has led to a surge in demand for fresh fruits, especially those with high nutritional value. Additionally, there has been a growing interest in exotic fruits, which has led to an increase in the import of fruits from other countries.

Trends in the market: One of the major trends in the Fruit market in China is the increasing popularity of online fruit sales. E-commerce platforms have made it easier for consumers to purchase fresh fruits from different parts of the country. Another trend is the rise of fruit-themed restaurants and cafes, which offer a variety of fruit-based dishes and beverages.

Local special circumstances: China's vast geography and diverse climate have resulted in the production of a wide range of fruits. Each region has its own unique fruits, which are popular locally. For example, lychees from Guangdong, dragon fruit from Hainan, and kiwifruit from Shaanxi are some of the popular fruits that are grown in specific regions of the country.

Underlying macroeconomic factors: China's growing middle class and rising disposable income levels have contributed to the growth of the Fruit market in the country. Additionally, the government's efforts to promote healthy eating habits among its citizens have also played a role in the increasing demand for fresh fruits. The Belt and Road Initiative has also facilitated the import of fruits from other countries, further contributing to the growth of the market.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.