Lychees Prices December 2023
Product
|
Category |
Region |
Price |
Lychees |
Agriculture |
USA |
2185 USD/MT |
Lychees |
Agriculture |
China |
2584 USD/MT |
In the fourth quarter of 2023, the price of lychees in the United States reached 2185 USD/MT by December. Similarly, in China, lychees prices hit 2584 USD/MT in the same month.
Lychees Price Trend, Market Analysis, and News
IMARC's latest publication, “Lychees Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the lychees market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of lychees at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed lychees price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting lychees pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
![Lychees Price Trend](https://www.imarcgroup.com/CKEditor/c36a4297-69b7-443f-9cbf-09f4685b9d26pricing-reports.webp)
Lychees Market Analysis
The global lychees market size reached US$ 6.85 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11 Billion, at a projected CAGR of 5.40% during 2023-2032.
- The increasing consumer demand for exotic and healthy fruits is a primary driver of the lychee market. Lychees are mainly composed of water (82%) and carbs (16.5%). A 100-gram serving of fresh lychees provides 66 calories, 0.8 grams of protein, 16.5 grams of carbs, 15.2 grams of sugar, 1.3 grams of fiber, and 0.4 grams of fat. Awareness of the health benefits, such as improved digestion, boosted immunity, and anti-inflammatory properties, has further fueled their popularity. In March 2021, the Japanese Ministry of Agriculture, Forestry, and Fisheries (MAFF) granted a Geographical Indication (GI) certificate to lychees from Luc Ngan District, Bac Giang Province, recognizing their quality and opening up new international markets with strict import standards. Such initiatives help highlight the health benefits of lychee and drive their sales.
- In line with this, the increasing demand for organic fruits, including organic variants of lychee, is a significant trend expected to positively impact the lychee market in the forecast period. Organic food products are becoming popular globally as they are produced without synthetic fertilizers, chemical pesticides, artificial ingredients, and genetic engineering. Consequently, farmers are increasingly adopting organic farming techniques. For example, in November 2021, Mumbai-based Zama Organics established a network of 50,000 certified farmers across India, providing seasonal produce like lychees. This shift toward organic farming is anticipated to support market growth in the coming years.
- Another crucial factor driving the lychee market is the expanding global trade and improved logistics infrastructure, which have made lychees more accessible to markets beyond their traditional growing regions. Improved transportation and storage technologies, such as controlled atmosphere packaging, have extended the shelf life of lychees, enabling them to reach distant markets in optimal condition. This increased availability has contributed to the rising global consumption of lychees. For instance, over 4,200 tonnes of fresh lychees, valued at over 22.85 million USD, have been exported to China via the Kim Thanh II International Border Gate in Lao Cai Province since the start of the harvesting season. To facilitate these exports, the Management Board of Lao Cai Border Economic Zone has streamlined procedures and arranged convenient lanes for trucks carrying fresh lychees, completing all necessary steps within the morning to minimize risks, particularly during hot and sunny weather conditions. In 2023, more than 40,000 tonnes of fresh lychees were exported to China through this border gate.
- The lychee market is expanding as consumers in emerging and developing countries increasingly seek fresh food. Government initiatives and rising trade from major producers further drive this growth. Additionally, there is a growing demand for lychee products such as jam, juice concentrates, canned lychee, and dried lychee. China is a leading producer and exporter of lychees, holding a significant share of the global lychee export market. According to the ITC Trade Map, China's fresh lychee exports were valued at USD 64 million in 2021, with annual exports exceeding 21 tons. Guangdong province alone exported lychees worth USD 23 million, accounting for about 60% of China's total. Furthermore, the northern province of Hai Duong is actively promoting lychee sales as the fruit from Thanh Ha district ripens in late May. In April 2023, the Hai Duong Department of Industry and Trade and the Thanh Ha People’s Committee organized a conference to enhance lychee sales and value. Thanh Ha, known for its lychees, cultivates 3,265 hectares of the fruit, including 1,700 hectares of early-ripening varieties. Of these, 400 hectares meet VietGAP standards, and 50 hectares meet GlobalGAP standards.
- Besides this, the increasing popularity of Asian cuisine and fusion food trends in Western countries is driving the demand for lychees, which are a staple fruit in many Asian dishes. Investments in research and development (R&D) to improve lychee farming techniques, pest control, and disease management are also leading to higher yields and better-quality fruit. For instance, in August 2022, scientists at South China Agricultural University's School of Horticulture developed the world's first longan/lychee hybrid, SZ52, expected to have characteristics suitable for commercialization and widespread adoption. Additionally, in June 2022, the Agricultural and Processed Food Products Export Development Authority (APEDA) and the Bihar Fruit & Vegetable Development Corporation (BFVDC) organized a virtual meeting with international importers, exporters, and plant suppliers. This meeting aimed to promote Bihar's 'Langara aam' and 'Shahi litchi' in overseas markets, including Mauritius, New Zealand, Bahrain, Qatar, the UK, and the UAE.
Lychees News
The report covers the latest developments, updates, and trends impacting the price of lychees, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the lychees price trend.
Latest developments in the lychees industry:
- In June 2024, Superplum launched new packaging for its lychees as peak production hits West Bengal and Bihar. The cleaned and destemmed packs are available in Bengaluru, Delhi NCR, and Mumbai, through platforms like Zepto, Amazon Fresh, Blinkit, Otipy, and local stores such as Star Bazaar and Spar. The lychees are chilled, trimmed, cleaned, and packed at the farm, eliminating the need for sulphation and ensuring high quality. Consumers can trace the lychees' origin and pesticide tests via QR codes. Superplum plans to introduce Indian lychees to the global market soon.
- In June 2023, Fosacha announced the expansion of its presence in North America with the delivery of fresh lychees. Fosacha has partnered with local growers in Vietnam to source the best lychees available.
Product Description
Lychees are small, round fruits native to Southeast Asia, known for their sweet and fragrant flavor. They have a rough, reddish-pink skin that is inedible and easily peeled away to reveal a translucent, juicy white flesh. Rich in vitamins, minerals, and antioxidants, lychees are highly nutritious, offering health benefits such as improved digestion, boosted immunity, and anti-inflammatory properties. They are primarily composed of water and carbohydrates, making them a refreshing and hydrating fruit. Lychees are often enjoyed fresh but can also be found in dried, canned, or juiced forms. Their unique taste and versatility make them a popular choice in desserts, beverages, and various culinary dishes around the world.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the lychees price trend.
Global Lychees Price
The report offers a holistic view of the global lychees pricing trends in the form of lychees price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of lychees, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed lychees demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Lychees Price
European lychees prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
Detailed price information for lychees can also be provided for an extensive list of European countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Lychees Price
The analysis of lychees prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.
Specific lychees historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Lychees Price
The report explores the lychees pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Lychees Price
The lychees pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This lychees price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Lychees Price
The analysis of lychees prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Lychees |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Lychees Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of lychees pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting lychees price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The lychees price charts ensure our clients remain at the forefront of the industry.