Asia: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Asia

After two years of growth, the Asian market for peel of citrus fruit or melons decreased by -5% to $X in 2021. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.2% against 2016 indices. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Peel Of Citrus Fruit Or Melons in Asia

In value terms, citrus fruit or melons peel production shrank to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +52.6% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in Asia

In 2021, the amount of peel of citrus fruit or melons exported in Asia surged to X tons, growing by 36% compared with the previous year's figure. In general, exports saw a significant expansion. 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. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 46%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Myanmar prevails in exports structure, reaching X tons, which was near 79% of total exports in 2021. China (X tons) took an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.2%). Thailand (X tons) held a minor 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, Turkey (+10.0%), Thailand (+7.6%) and China (+4.4%) displayed positive paces of growth. While the share of Myanmar (+62 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-6.2 p.p.), Turkey (-6.6 p.p.) and China (-22.1 p.p.) displayed negative dynamics.

In value terms, Myanmar ($X) remains the largest citrus fruit or melons peel supplier in Asia, comprising 65% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by Turkey, with a 6.3% share.

In Myanmar, citrus fruit or melons peel exports expanded at an average annual rate of +40.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+13.0% per year) and Turkey (+8.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, reducing by -14.5% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 13%. 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.

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

In 2021, purchases abroad of peel of citrus fruit or melons increased by 3.1% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan was the major importing country with an import of about X tons, which amounted to 55% of total imports. South Korea (X tons) took the second position in the ranking, followed by China (X tons). All these countries together took approx. 24% share of total imports. Taiwan (Chinese) (X tons), Israel (X tons), Hong Kong SAR (X tons), Thailand (X tons) and Turkey (X tons) took a minor share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of peel of citrus fruit or melons. At the same time, Turkey (+46.8%), South Korea (+18.6%), Taiwan (Chinese) (+13.2%), Hong Kong SAR (+11.6%) and Israel (+4.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +46.8% 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, Israel and Turkey increased by +32, +12, +3.3, +2.7, +2.4 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported peel of citrus fruit or melons in Asia, comprising 61% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.3% share of total imports. It was followed by China, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at +2.5%. In the other countries, the average annual rates were as follows: South Korea (+14.0% per year) and China (-18.8% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by 8.4% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.2% 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 +6.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 26%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Turkey ($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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