Taiwan: Stone Fruit Annual

Taiwan is a mature market for U.S. fruits. Among stone fruits, Taiwan produces peaches domestically but does not produce nectarines or cherries. Fruit consumption in Taiwan remains consistent, with stable demand for cherries. However, the long-term demand for peach/nectarine continues to show a declining trend. Despite a slight increase in domestic production, the decrease in import volume is more significant last year. Chile has become the primary supplier of nectarines (87% market share), reducing the U.S. market share to only 10%. In Marketing Year (MY) 2023, Taiwan imported a total of 10,776 MT of peaches and nectarines, and 12,268 MT of cherries. Due to factors such as reduced supply from the United States, a strong U.S. dollar, and increased freight costs, prices for peaches, nectarines, and cherries have all risen by at least 10% this year. For MY2024, Post estimates that peach and nectarine consumption will decline to 27,500 MT while cherry consumption is expected to fall to 11,800 MT.