Asia-Pacific: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Asia-Pacific

The Asia-Pacific concentrated apple juice market reached $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Concentrated Apple Juice Production in Asia-Pacific

In value terms, concentrated apple juice production amounted to $X in 2021 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 49%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Concentrated Apple Juice Exports

Exports in Asia-Pacific

In 2021, exports of concentrated apple juice in Asia-Pacific fell slightly to X tons, approximately reflecting the previous year. Over the period under review, exports saw a pronounced setback. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, concentrated apple juice exports reduced slightly to $X in 2021. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 16%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of concentrated apple juice, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the concentrated apple juice exports, with a CAGR of -3.7% from 2012 to 2021. While the share of China (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest concentrated apple juice supplier in Asia-Pacific.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -10.2%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 14% 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.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -6.8% per year.

Concentrated Apple Juice Imports

Imports in Asia-Pacific

In 2021, concentrated apple juice imports in Asia-Pacific expanded slightly to X tons, growing by 1.8% compared with 2020 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 7.8% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, concentrated apple juice imports expanded modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of 9.6% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan was the key importing country with an import of about X tons, which finished at 44% of total imports. Australia (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by India (11%), South Korea (10%) and Taiwan (Chinese) (4.5%). The following importers - Afghanistan (X tons) and Vietnam (X tons) - each reached a 5.4% share of total imports.

Imports into Japan decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, Afghanistan (+25.3%), Vietnam (+14.3%), India (+12.7%), South Korea (+8.3%) and Taiwan (Chinese) (+6.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +25.3% from 2012-2021. By contrast, Australia (-6.0%) illustrated a downward trend over the same period. India (+7.7 p.p.), South Korea (+5.5 p.p.), Afghanistan (+2.5 p.p.), Taiwan (Chinese) (+2.1 p.p.) and Vietnam (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia and Japan saw its share reduced by -8.3% and -8.3% from 2012 to 2021, respectively.

In value terms, Japan ($X) constitutes the largest market for imported concentrated apple juice in Asia-Pacific, comprising 46% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to -7.0%. In the other countries, the average annual rates were as follows: Australia (-8.9% per year) and South Korea (+3.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, flattening at the previous year. Overall, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 South Korea ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :