Asia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Asia

The Asian market for concentrated lemon and other citrus fruit juice was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Asia

In value terms, production of concentrated lemon and other citrus fruit juice amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Asia

In 2021, exports of concentrated lemon and other citrus fruit juice in Asia shrank to X tons, dropping by -5% compared with the previous year. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 25%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice reduced to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 24%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Israel (X tons) represented roughly 58% of total exports in 2021. The United Arab Emirates (X tons) took a 6.8% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (6.4%) and the Philippines (4.9%). Kuwait (X tons), Turkey (X tons), South Korea (X tons), Georgia (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Georgia (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in Asia, comprising 48% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by the Philippines, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+10.9% per year) and the Philippines (+27.6% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21%. 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, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in Asia

Imports of concentrated lemon and other citrus fruit juice reduced to X tons in 2021, waning by -2.8% on 2020. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 9% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice contracted to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Over the period under review, imports of attained the maximum at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, Japan (X tons) was the largest importer of concentrated lemon and other citrus fruit juice, committing 47% of total imports. China (X tons) ranks second in terms of the total imports with an 11% share, followed by Israel (6.7%) and Iran (5%). The following importers - Singapore (X tons), South Korea (X tons), Yemen (X tons), India (X tons), Oman (X tons), Thailand (X tons) and Turkey (X tons) - together made up 20% of total imports.

From 2012 to 2021, average annual rates of growth with regard to concentrated lemon and other citrus fruit juice imports into Japan stood at +4.2%. At the same time, Oman (+29.8%), China (+14.8%), Singapore (+12.8%), India (+11.5%), Iran (+10.4%), Yemen (+4.6%) and Thailand (+4.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in Asia, with a CAGR of +29.8% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Israel (-4.3%) and Turkey (-9.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, China, Iran, Singapore, Oman and India increased by +20, +8.3, +3.3, +3.1, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported concentrated lemon and other citrus fruit juice in Asia, comprising 57% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Israel, with a 9.4% share.

In Japan, imports of concentrated lemon and other citrus fruit juice increased at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+12.1% per year) and Israel (+0.9% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2014 an increase of 15%. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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