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

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

The Asia-Pacific market for concentrated lemon and other citrus fruit juice rose notably to $X in 2021, increasing by 9.6% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Asia-Pacific

In value terms, production of concentrated lemon and other citrus fruit juice soared to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 -12.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Asia-Pacific

After three years of growth, shipments abroad of concentrated lemon and other citrus fruit juice decreased by -2.9% to X tons in 2021. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. The volume of export peaked at X tons in 2020, and then contracted modestly in the following year.

In value terms, exports of concentrated lemon and other citrus fruit juice fell to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand dominates juice structure, finishing at X tons, which was near 65% of total exports in 2021. The Philippines (X tons) took a 9.6% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (5.8%) and India (4.6%). China (X tons), Pakistan (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +16.2% from 2012 to 2021. At the same time, the Philippines (+18.4%), China (+12.1%) and India (+10.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +18.4% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Pakistan (-3.7%) and Vietnam (-8.5%) illustrated a downward trend over the same period. Thailand (+33 p.p.) and the Philippines (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan, South Korea and Vietnam saw its share reduced by -3.9%, -5.3% and -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in Asia-Pacific, comprising 31% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 15% share of total exports. It was followed by South Korea, with a 13% share.

In Thailand, exports of concentrated lemon and other citrus fruit juice increased at an average annual rate of +10.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Philippines (+27.6% per year) and South Korea (-1.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, falling by -2% against the previous year. Overall, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the export price increased by 36%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Vietnam ($X per ton), while Thailand ($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-Pacific

In 2021, after two years of growth, there was decline in overseas purchases of concentrated lemon and other citrus fruit juice, when their volume decreased by less than 0.1% to X tons. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 12%. The volume of import peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, imports of concentrated lemon and other citrus fruit juice totaled $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Over the period under review, imports of attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Japan represented the major importer of concentrated lemon and other citrus fruit juice in Asia-Pacific, with the volume of imports accounting for X tons, which was approx. 55% of total imports in 2021. China (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Australia (7.5%) and Singapore (5.1%). South Korea (X tons), India (X tons) and Thailand (X tons) followed a long way behind the leaders.

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, China (+14.8%), Singapore (+12.8%), India (+11.5%) and Thailand (+4.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +14.8% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Australia (-2.2%) illustrated a downward trend over the same period. China (+7.6 p.p.), Singapore (+2.7 p.p.) and Japan (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -5.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported concentrated lemon and other citrus fruit juice in Asia-Pacific, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Australia, with a 6% share.

In Japan, imports of concentrated lemon and other citrus fruit juice expanded 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 Australia (-3.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 13%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Singapore ($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

Frequently Asked Questions (FAQ) :