ASEAN: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in ASEAN

After two years of growth, the ASEAN market for peel of citrus fruit or melons decreased by -14.2% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Peel Of Citrus Fruit Or Melons in ASEAN

In value terms, citrus fruit or melons peel production declined to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.3% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 48% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in ASEAN

Citrus fruit or melons peel exports skyrocketed to X tons in 2021, rising by 50% against 2020. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 91%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, citrus fruit or melons peel exports rose significantly to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 101%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Myanmar prevails in exports structure, accounting for X tons, which was approx. 95% of total exports in 2021. Thailand (X tons) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the peel of citrus fruit or melons exports, with a CAGR of +42.7% from 2012 to 2021. At the same time, Thailand (+7.6%) displayed positive paces of growth. From 2012 to 2021, the share of Myanmar increased by +37 percentage points.

In value terms, Myanmar ($X) remains the largest citrus fruit or melons peel supplier in ASEAN, comprising 97% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.6% share of total exports.

In Myanmar, citrus fruit or melons peel exports increased at an average annual rate of +40.5% over the period from 2012-2021.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, declining by -23.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 24% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Myanmar ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%).

Imports of Peel Of Citrus Fruit Or Melons

Imports in ASEAN

In 2021, the amount of peel of citrus fruit or melons imported in ASEAN declined significantly to X tons, which is down by -32.1% compared with the previous year. Overall, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 100% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports reduced markedly to $X in 2021. In general, imports saw a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 142% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Thailand represented the main importer of peel of citrus fruit or melons in ASEAN, with the volume of imports reaching X tons, which was approx. 55% of total imports in 2021. Vietnam (X tons) ranks second in terms of the total imports with a 17% share, followed by Singapore (15%). Malaysia (X tons), Myanmar (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to citrus fruit or melons peel imports into Thailand stood at -2.9%. At the same time, Vietnam (+31.6%) and Singapore (+8.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +31.6% from 2012-2021. By contrast, Indonesia (-8.2%), Malaysia (-23.0%) and Myanmar (-48.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Vietnam, Singapore and Indonesia increased by +50, +17, +14 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported peel of citrus fruit or melons in ASEAN, comprising 61% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand stood at +3.6%. In the other countries, the average annual rates were as follows: Vietnam (+39.0% per year) and Singapore (+5.6% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, picking up by 8.8% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 27%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform