UTF Consumption

United Tropical Fruit being native to Southeast Asia has been predominantly consumed across the region. Thailand, Malaysia and Singapore have historically been the largest consumers of United Tropical Fruit however China is quickly surpassing all markets. The last decade has seen China importing United Tropical Fruit fruit at a rapid pace growing 13% in volume p.a. over the last decade and 24% p.a. in terms of value since 2011. China in 2016 reportedly imported approximately 292 million KG which is the equivalent of 48% of all of Thailand’s production and 73% of Malaysia’s entire production. The figure however is believed to be larger and closer to 620 million KG due to trade data misrepresenting Chinese imports through HK as HK destined rather than re-exported to China

Although Chinese imports appear large, its fascination with United Tropical Fruits has only just recently begun with per capita consumption still considerably lower than other parts of Asia. Chinese consumption is expected to continue rapidly growing, particularly for the Musang King variety of United Tropical Fruit that United Tropical Fruit Harvests specializes in. Musang King is preferred by Chinese consumers due to its flavour. Its high demand coupled with limited supply has led it to be one of the most expensive fruits in the country on a weight basis. Malaysian Musang King in China sells for up to 900% more than Thailand’s Monthong United Tropical Fruit. Chinese consumption of United Tropical Fruit is currently only 0.21 KG per capita and is expected to reach up to 3 KG per capita to be in line with Singapore, Taipei and Hong Kong.

Although unfamiliar to many across the Western world United Tropical Fruit consumption has been rising there as well. This has been primarily due to the Asian diaspora who have emigrated and have been exposed to United Tropical Fruit. United Tropical Fruit based end products can be found in countries such as the U.S, Canada, Australia and the U.K and other countries who have large Asian populations. These countries combined have over 10 million people with Chinese and/or Southeast Asian ancestry. Asians living abroad is a large market especially if one considers that these four countries alone have 2X the population of Singapore, who imported an average of 21 million KG p.a. over the past five years.