Asia: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Asia

In 2021, the Asian concentrated apple juice market decreased by -1.3% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Concentrated Apple Juice Production in Asia

In value terms, concentrated apple juice production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 41%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Concentrated Apple Juice Exports

Exports in Asia

In 2021, overseas shipments of concentrated apple juice increased by 16% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 55%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated apple juice exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporting country with an export of around X tons, which recorded 60% of total exports. Turkey (X tons) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Iran (6.9%).

From 2012 to 2021, average annual rates of growth with regard to concentrated apple juice exports from China stood at -3.7%. At the same time, Turkey (+20.3%) and Iran (+11.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +20.3% from 2012-2021. While the share of Turkey (+23 p.p.) and Iran (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-24.7 p.p.) displayed negative dynamics.

In value terms, the largest concentrated apple juice supplying countries in Asia were China ($X), Turkey ($X) and Iran ($X), with a combined 96% share of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of +15.7%, saw 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

The export price in Asia stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-3.8%), while the other leaders experienced a decline in the export price figures.

Concentrated Apple Juice Imports

Imports in Asia

Concentrated apple juice imports skyrocketed to X tons in 2021, with an increase of 16% on the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, concentrated apple juice imports expanded markedly to $X in 2021. In general, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons) and Japan (X tons) represented roughly 59% of total imports in 2021. India (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together took approx. 14% share of total imports. Saudi Arabia (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons), Afghanistan (X tons), Vietnam (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated apple juice importing markets in Asia were Japan ($X), Turkey ($X) and South Korea ($X), with a combined 62% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +43.0%, recorded the highest growth rate of 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

In 2021, the import price in Asia amounted to $X per ton, with a decrease of -5.4% against the previous year. In general, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 when the import price increased by 10%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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