Australia and Oceania: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Australia and Oceania

The grapefruit juice (single strength) market in Australia and Oceania soared to $X in 2021, increasing by 17% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Grapefruit Juice (Single Strength) in Australia and Oceania

In value terms, grapefruit juice (single strength) production contracted to $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +97.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports in Australia and Oceania

After two years of growth, shipments abroad of grapefruit juice (single strength) decreased by -49.8% to X tons in 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 143% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell markedly in the following year.

In value terms, grapefruit juice (single strength) exports declined significantly to $X in 2021. Overall, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 209%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank significantly in the following year.

Exports by Country

In 2021, Australia (X tons) represented the largest exporter of grapefruit juice (single strength) in Australia and Oceania, committing 100% of total export.

Australia was also the fastest-growing in terms of the grapefruit juice (single strength) exports, with a CAGR of -6.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest grapefruit juice (single strength) supplier in Australia and Oceania.

In Australia, grapefruit juice (single strength) exports decreased by an average annual rate of -1.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 11% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the export price increased by 40% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +5.8% per year.

Imports of Grapefruit Juice (Single Strength)

Imports in Australia and Oceania

In 2021, supplies from abroad of grapefruit juice (single strength) decreased by -23.7% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, grapefruit juice (single strength) imports dropped to $X in 2021. In general, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

New Caledonia was the largest importer of grapefruit juice (single strength) in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 62% of total imports in 2021. Fiji (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Australia (6.7%) and American Samoa (5%). The following importers - Vanuatu (X tons), Guam (X tons) and New Zealand (X tons) - together made up 7.3% of total imports.

New Caledonia was also the fastest-growing in terms of the grapefruit juice (single strength) imports, with a CAGR of +38.1% from 2012 to 2021. At the same time, American Samoa (+25.3%), Guam (+24.8%) and Vanuatu (+1.5%) displayed positive paces of growth. By contrast, Fiji (-13.5%), Australia (-37.7%) and New Zealand (-38.5%) illustrated a downward trend over the same period. New Caledonia (+61 p.p.), Fiji (+7.1 p.p.), American Samoa (+4.9 p.p.), Vanuatu (+2.8 p.p.) and Guam (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Australia saw its share reduced by -16.9% and -62.1% from 2012 to 2021, respectively.

In value terms, New Caledonia ($X) constitutes the largest market for imported grapefruit juice (single strength) in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was held by Fiji ($X), with an 8.2% share of total imports. It was followed by Australia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Caledonia amounted to +36.6%. In the other countries, the average annual rates were as follows: Fiji (-18.9% per year) and Australia (-38.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of 23% 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 New Zealand ($X per ton), while American Samoa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guam (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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