By manufacturing our own lines we can gain standing in the export community to move into brokerage after FDA export certification. Shelf stable products are a growing market.
In the short term, the domestic market can provide profit and the abiliity to tune products and brand.
The dried fruit industry in Cambodia is displaying promising growth prospects, driven by various factors such as market demand, export opportunities, and changing consumer preferences. This prospectus provides insights into the projected growth of the dried fruit business in Cambodia based on existing information available as of August 2023.
Market Growth and Projections: The Processed & Frozen Fruits market in Cambodia is anticipated to expand by approximately 6.77% between 2023 and 2028, resulting in a market volume of around US$40 million by 2028. This projection indicates a positive trend in the demand for processed and frozen fruits, which includes dried fruit products. Additionally, the Cambodia Dried Fruits and Edible Nuts Market is expected to experience growth within the period of 2022-2028, suggesting a sustained interest in dried fruit products within the country.
Export Opportunities: Cambodian dried fruit producers are eyeing the European Union as a potential market for their products. The market for dried tropical fruits is predicted to grow by five to six percent annually over the medium to long term. This growth suggests a potential avenue for Cambodian dried fruit exports, indicating that the country’s dried fruit industry could tap into international demand and establish itself as a supplier in the global market.
Consumer Demand and Trends: The overall fruits and vegetable market in Cambodia is projected to have a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period. This growth can be attributed to increasing consumer demand for fresh fruits like apples and berries. As consumer preferences shift towards healthier options, there is potential for dried fruit products to cater to this trend. Furthermore, the global freeze-dried fruits market is expected to grow at a rate of 9.00% between 2021 and 2028, reflecting a broader shift towards natural and convenient snacking options.
Export Prospects to Japan: Cambodia is exploring opportunities to export dried fruit products to Japan. As of April 2023, the potential for exporting dried fruit products from Cambodia to Japan is expected to grow, indicating a positive outlook for international trade in the dried fruit sector.
Global Dried Fruits Market Overview: The global dried fruits market is projected to experience growth, with estimates suggesting an increase from $6.34 billion in 2020 to $7.05 billion in 2021. This upward trend indicates a growing demand for dried fruit products worldwide, presenting opportunities for Cambodia to contribute to this expanding market.
Business Case for Fruit Drying in Cambodia
Market Potential: Cambodia’s rich agricultural landscape provides an abundant supply of fresh fruits, especially mangoes and bananas, during their respective seasons. The demand for dried fruits is on the rise globally, with health-conscious consumers seeking nutritious, shelf-stable snacks. Moreover, the domestic market offers a significant opportunity, given the popularity of crispy banana chips and dried mangoes among locals.
Cabinet style electric dryers this one can produce around 20 kg of banana chips in 8 to 12 hrs. Cost of the dehyrator is $1055 delivered to us in PP including customs and other charges. The running cost of this drier is $4.16/ finished batch.
The specific amount of electricity required to crisply dry 100 kg of finished product banana chips in a commercial cabinet-style dehydrator can vary based on several factors, including the dehydrator’s power rating, efficiency, drying time, and the moisture content of the bananas.
Commercial dehydrators typically come with power ratings measured in watts. The energy consumption will depend on the wattage of the dehydrator and the duration of the drying process. On average, a commercial dehydrator can have a power rating ranging from 600 watts to 4500 watts or more.
To estimate the electricity usage, you can use the formula: Electricity (kWh) = Power (kW) × Time (hours)
Assuming a dehydrator with a power rating of 1000 watts (1 kW) and a drying time of 10 hours, the estimated electricity consumption would be: Electricity (kWh) = 1 kW × 10 hours = 10 kWh
Keep in mind that this is a rough estimation and actual energy consumption can vary. Factors such as the dehydrator’s efficiency, external environmental conditions, and the thickness of banana slices can influence the drying time and energy usage.
Fruit drying requires minimal capital investment, making it an attractive business venture. The cost of a solar drying unit co-located on farm, such as the Acme Ams-3.6g Solar Dehydrator, is around $3,000. This unit can process 200-300 kg of fruits in just 5 hours, significantly increasing productivity. The availability of low-cost labor and skill levels in Cambodia further reduces operational expenses.
Profitable Products: Dried mangoes and banana chips are highly profitable products. Crispy banana chips are a popular snack in Cambodia and can be produced year-round. With an average cost of $0.50 per kg for fresh bananas and a processing ratio of 6 kg fresh bananas to 1 kg of chips, the cost per kilogram of chips is approximately $3.80. Retailing these chips at around $7.50/kg can yield a substantial profit margin.
Similarly, dried mangoes can be produced profitably. Mangoes are available seasonally at a cost of below twenty cents per kilogram. Once dried and packaged at 250 grams, the cost per kilogram reaches approximately $3.60. The retail price for 250 grams of dried mangoes can range from $7 to $18, depending on the quality and packaging, providing ample room for profit.
Year-Round Income: One of the key advantages of fruit drying is the ability to offer products year-round. With drying technology, the enterprise can preserve the surplus seasonal fruits and sell them during off-season periods, ensuring a consistent revenue stream.
Reduced Logistics and Perishability Concerns: Dried fruits have a significantly longer shelf life compared to fresh fruits. This eliminates the need for refrigeration and reduces concerns related to perishability. Furthermore, dried fruits require less water for shipping, which translates to reduced logistical costs.
Conclusion: The opportunity to establish a fruit drying business in Cambodia is highly promising, leveraging the country’s abundant seasonal fruits, cost-effective labor, and rising demand for healthy snacks. With the potential to produce and sell profitable products like crispy banana chips and dried mangoes year-round, this venture offers a sustainable and profitable income source. By investing in solar drying technology and efficient production processes, entrepreneurs can tap into a market with both domestic and international potential.
- Acme Ams-3.6g Solar Dehydrator on Alibaba
- Video: How Indians Build Solar Dryers
- Video: Turnkey Quality Solar Dryer
- Video: Solar Tunnel Dryer System
- Video: Solar Greenhouse Dryer
- Example of Dried Mango Retail Price
- Example of Banana Chips Retail Price
Conclusion: The outlook for the dried fruit business in Cambodia is optimistic, supported by projections of market growth, export potential, changing consumer preferences, and trends in the global dried fruits market. As Cambodia continues to explore international trade opportunities and adapt to consumer demands, the dried fruit industry in the country could see steady development in the coming years.
Further data here
The cashew nut industry in Cambodia is undergoing dynamic changes driven by factors such as weather conditions, export markets, investment, and domestic demand. This prospectus provides a comprehensive overview of the outlook for Cambodia’s cashew nut business based on the available information as of 2023.
Cashew Nut Production Forecast: Forecasts for 2023 predict Cambodia’s cashew nut production to range between 500,000 and 700,000 tonnes. The country boasts favorable natural conditions for cashew tree growth, making it a potential hub for cashew production. However, this promising projection is facing potential setbacks due to unfavorable weather conditions. To address these challenges, the Cashew Nut Association of Cambodia (CAC) has urged relevant authorities to expedite the implementation of a national cashew nut policy.
Export and Trade Dynamics: Cambodia’s raw cashew exports are primarily directed towards Vietnam, where around 85% of the country’s raw cashew production is exported. In the initial months of 2023, Cambodia exported approximately 233,050 tonnes of raw cashew nuts valued at around $320 million to Vietnam. This dependency on a neighboring market highlights the importance of diversifying export destinations to enhance the industry’s stability.
Industry Investment and Growth Potential: Investment opportunities are crucial for the growth of Cambodia’s cashew nut industry. While the country produces around 140,000 tonnes of raw cashew nuts annually, there is potential for further development. Cambodia envisions itself becoming a significant global producer and exporter of cashew nuts, with the private sector taking the lead in realizing this vision. The growth in cashew production over the past decade indicates the industry’s potential impact on Cambodia’s economy.
Global Demand and Trade Patterns: The global cashew industry has seen shifts in trade patterns. Cambodia’s abundant cashew supply has contributed to unusual trade patterns, particularly in the early months of 2023. This signals the country’s capacity to influence the international cashew trade landscape.
Challenges and Prospects: Challenges in the cashew industry include the need for more investment, mitigating the impact of unfavorable weather conditions, and diversifying export markets. Cambodia’s goal to become one of the top cashew nut producers in the world aligns with its potential to contribute significantly to global production.
Australia supports development of Agri-food Industrial Park in Cambodia
Tex Mex chili powder is not available in SE Asia.Thee is a constant demand for this from restauraants- some of which import the chilii powder from USA. It is far from cheap.
Chili Sauce is a standout potential money maker among all these named products. Cheap and easily produced with great margin and low unit RRP, I believe we will find great demand for plain red rooster style, and variants.
Mango Jam and chutney are also easily made and perrenially popular globally.
Beef, Duck and Fish Jerky are worth investigating.