Asia-Pacific: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Asia-Pacific

After four years of growth, the Asia-Pacific market for peel of citrus fruit or melons decreased by -5.1% to $X in 2021. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.2% against 2016 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Peel Of Citrus Fruit Or Melons in Asia-Pacific

In value terms, citrus fruit or melons peel production shrank modestly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell slightly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in Asia-Pacific

In 2021, approx. X tons of peel of citrus fruit or melons were exported in Asia-Pacific; rising by 42% against 2020 figures. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, citrus fruit or melons peel exports surged to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 43% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Myanmar dominates exports structure, finishing at X tons, which was near 84% of total exports in 2021. It was distantly followed by China (X tons), creating a 9% share of total exports. Thailand (X tons) held a relatively small share of total exports.

Myanmar was also the fastest-growing in terms of the peel of citrus fruit or melons exports, with a CAGR of +42.7% from 2012 to 2021. At the same time, Thailand (+7.6%) and China (+4.4%) displayed positive paces of growth. From 2012 to 2021, the share of Myanmar increased by +63 percentage points.

In value terms, Myanmar ($X) remains the largest citrus fruit or melons peel supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Myanmar totaled +40.5%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+13.0% per year) and Thailand (+14.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, shrinking by -17.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Peel Of Citrus Fruit Or Melons

Imports in Asia-Pacific

In 2021, overseas purchases of peel of citrus fruit or melons decreased by -0.9% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, citrus fruit or melons peel imports totaled $X in 2021. In general, imports saw a perceptible setback. The growth pace was the most rapid in 2018 when imports increased by 29%. 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 major importing country with an import of around X tons, which recorded 57% of total imports. South Korea (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by China (11%). Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Thailand (X tons) and New Zealand (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of peel of citrus fruit or melons. At the same time, New Zealand (+32.0%), South Korea (+18.6%), Taiwan (Chinese) (+13.2%) and Hong Kong SAR (+11.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +32.0% from 2012-2021. By contrast, Thailand (-2.9%) and China (-22.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, South Korea, Taiwan (Chinese), Hong Kong SAR and New Zealand increased by +33, +12, +3.4, +2.8 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported peel of citrus fruit or melons in Asia-Pacific, comprising 62% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.5% share of total imports. It was followed by China, with a 6.6% share.

In Japan, citrus fruit or melons peel imports increased at an average annual rate of +2.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+14.0% per year) and China (-18.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, rising by 4.4% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +43.6% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of 28%. The level of import peaked in 2021 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 Thailand ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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