ASEAN: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in ASEAN

In 2021, the ASEAN grapefruit juice (single strength) market decreased by less than 0.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Grapefruit Juice (Single Strength) in ASEAN

In value terms, grapefruit juice (single strength) production shrank to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Grapefruit Juice (Single Strength)

Exports in ASEAN

In 2021, grapefruit juice (single strength) exports in ASEAN dropped significantly to X tons, which is down by -53.4% compared with 2020 figures. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 203%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) exports contracted rapidly to $X in 2021. Overall, exports saw a pronounced curtailment. The growth pace was the most rapid in 2015 when exports increased by 240%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam represented the major exporter of grapefruit juice (single strength) in ASEAN, with the volume of exports accounting for X tons, which was near 53% of total exports in 2021. The Philippines (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held approx. 44% share of total exports. Malaysia (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +13.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest grapefruit juice (single strength) supplying countries in ASEAN were Vietnam ($X), the Philippines ($X) and Singapore ($X), with a combined 98% share of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Grapefruit Juice (Single Strength)

Imports in ASEAN

In 2021, supplies from abroad of grapefruit juice (single strength) increased by 1.7% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2015 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports rose rapidly to $X in 2021. Overall, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons), distantly followed by the Philippines (X tons), Vietnam (X tons), Thailand (X tons), Indonesia (X tons), Malaysia (X tons) and Brunei Darussalam (X tons) represented the major importers of grapefruit juice (single strength), together committing 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brunei Darussalam (with a CAGR of +16.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest grapefruit juice (single strength) importing markets in ASEAN were Singapore ($X), Malaysia ($X) and Vietnam ($X), together accounting for 58% of total imports. These countries were followed by Thailand, the Philippines, Indonesia and Brunei Darussalam, which together accounted for a further 39%.

Among the main importing countries, Brunei Darussalam, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, with an increase of 4% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform