Asia: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Asia

In 2021, the Asian concentrated grapefruit juice market increased by 2% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Concentrated Grapefruit Juice Production in Asia

In value terms, concentrated grapefruit juice production rose notably to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 decreased by -11.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 36%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Concentrated Grapefruit Juice Exports

Exports in Asia

In 2021, the amount of concentrated grapefruit juice exported in Asia soared to X tons, growing by 27% on 2020 figures. In general, exports, however, recorded a pronounced decrease. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concentrated grapefruit juice exports totaled $X in 2021. Over the period under review, exports, however, recorded a perceptible slump. The growth pace was the most rapid in 2018 with an increase of 58%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Israel (X tons) was the main exporter of concentrated grapefruit juice, making up 74% of total exports. It was distantly followed by Thailand (X tons), constituting a 16% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to concentrated grapefruit juice exports from Israel stood at -4.6%. At the same time, Thailand (+8.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +8.2% from 2012-2021. From 2012 to 2021, the share of Thailand increased by +11 percentage points.

In value terms, Israel ($X) remains the largest concentrated grapefruit juice supplier in Asia, comprising 83% of total exports. The second position in the ranking was taken by Thailand ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Israel totaled -3.6%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, falling by -19.7% 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 2018 when the export price increased by 46% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.1%).

Concentrated Grapefruit Juice Imports

Imports in Asia

In 2021, supplies from abroad of concentrated grapefruit juice increased by 12% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable downturn. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports totaled $X in 2021. In general, imports, however, showed a slight curtailment. The growth pace was the most rapid in 2018 when imports increased by 41%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan represented the key importer of concentrated grapefruit juice in Asia, with the volume of imports reaching X tons, which was approx. 40% of total imports in 2021. It was distantly followed by China (X tons), Kuwait (X tons), South Korea (X tons) and Israel (X tons), together mixing up a 47% share of total imports. Lao People's Democratic Republic (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Kuwait (with a CAGR of +42.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported concentrated grapefruit juice in Asia, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 9% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at -5.2%. In the other countries, the average annual rates were as follows: China (+22.5% per year) and South Korea (+7.5% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, shrinking by -9.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 43% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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