Asia: Mixed Juices Market 2024

Mixed Juices Market Size in Asia

In 2022, the Asian mixed juices market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Asia

In value terms, mixed juices production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 26%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Mixed Juices Exports

Exports in Asia

In 2022, approx. X tons of mixtures of fruit and vegetable juices were exported in Asia; standing approx. at the previous year's figure. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 9.5% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed juices exports amounted to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 17%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) and Thailand (X tons) were the main exporters of mixtures of fruit and vegetable juices in Asia, together mixing up 58% of total exports. Nepal (X tons) took the next position in the ranking, followed by the United Arab Emirates (X tons) and Turkey (X tons). All these countries together held approx. 22% share of total exports. The following exporters - Israel (X tons) and Kuwait (X tons) - each finished at a 5.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mixed juices supplying countries in Asia were Thailand ($X), Saudi Arabia ($X) and Turkey ($X), together accounting for 61% of total exports.

Among the main exporting countries, Thailand, with a CAGR of +15.3%, 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 more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, increasing by 3.5% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices export price increased by +59.7% against 2015 indices. The pace of growth was the most pronounced in 2017 an increase of 14%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.8%), while the other leaders experienced more modest paces of growth.

Mixed Juices Imports

Imports in Asia

In 2022, purchases abroad of mixtures of fruit and vegetable juices decreased by -2.3% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, mixed juices imports expanded modestly to $X in 2022. In general, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2013 with an increase of 17%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of mixed juices imports in 2022 were the United Arab Emirates (X tons), Saudi Arabia (X tons), Oman (X tons) and Kuwait (X tons), together finishing at 47% of total import. The Philippines (X tons) ranks next in terms of the total imports with a 5.8% share, followed by Japan (5.7%), Yemen (5.6%), China (5.2%) and Kazakhstan (5.2%). Qatar (X tons), South Korea (X tons), Hong Kong SAR (X tons) and Malaysia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed juices importing markets in Asia were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), with a combined 36% share of total imports.

China, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by 6% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices import price increased by +80.6% against 2015 indices. The growth pace was the most rapid in 2018 when the import price increased by 23%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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