ASEAN: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in ASEAN

In 2021, the ASEAN market for concentrated lemon and other citrus fruit juice was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a deep downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in ASEAN

In value terms, production of concentrated lemon and other citrus fruit juice expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.3%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in ASEAN

In 2021, after three years of growth, there was significant decline in shipments abroad of concentrated lemon and other citrus fruit juice, when their volume decreased by -5.4% to X tons. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 55%. Over the period under review, the exports of attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, exports of concentrated lemon and other citrus fruit juice dropped to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.6% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 52% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand was the largest exporter of concentrated lemon and other citrus fruit juice in ASEAN, with the volume of exports amounting to X tons, which was near 82% of total exports in 2021. It was distantly followed by the Philippines (X tons), achieving a 12% share of total exports. The following exporters - Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons) - each recorded a 5.9% share of total exports.

Exports from Thailand increased at an average annual rate of +16.2% from 2012 to 2021. At the same time, the Philippines (+18.4%) and Indonesia (+7.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +18.4% from 2012-2021. By contrast, Vietnam (-8.5%) and Malaysia (-22.3%) illustrated a downward trend over the same period. Thailand (+36 p.p.) and the Philippines (+6.3 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Malaysia saw its share reduced by -9.6% and -30.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in ASEAN, comprising 56% of total exports. The second position in the ranking was held by the Philippines ($X), with a 27% share of total exports. It was followed by Vietnam, with a 13% share.

In Thailand, exports of concentrated lemon and other citrus fruit juice expanded at an average annual rate of +10.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Philippines (+27.6% per year) and Vietnam (-3.3% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in ASEAN

In 2021, purchases abroad of concentrated lemon and other citrus fruit juice decreased by -20.2% to X tons, falling for the second year in a row after two years of growth. Total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 18%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice fell to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.8% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 18%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) represented the main importer of concentrated lemon and other citrus fruit juice, making up 42% of total imports. Thailand (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Myanmar (9%), the Philippines (8.5%), Cambodia (6%) and Malaysia (5.5%). Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 78% share of total imports.

Among the main importing countries, Singapore, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, surging by 6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform