Australia and Oceania: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in overseas shipments of concentrated lemon and other citrus fruit juice, when their volume increased by 186% to X tons. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of concentrated lemon and other citrus fruit juice soared to $X in 2021. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) and New Zealand (X tons) prevails in juice structure, together making up 98% of total exports. Guam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Guam (with a CAGR of +32.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated lemon and other citrus fruit juice supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Guam ($X), together accounting for 100% of total exports.

Among the main exporting countries, New Zealand, with a CAGR of +34.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, approximately reflecting the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for concentrated lemon and other citrus fruit juice increased by +66.4% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in Australia and Oceania

In 2021, imports of concentrated lemon and other citrus fruit juice in Australia and Oceania declined to X tons, falling by -8.2% on 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice shrank slightly to $X in 2021. In general, imports recorded a slight contraction. The growth pace was the most rapid in 2015 when imports increased by 28%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Australia was the main importing country with an import of about X tons, which recorded 67% of total imports. It was distantly followed by New Zealand (X tons), constituting a 22% share of total imports. The following importers - Papua New Guinea (X tons) and Tonga (X tons) - each reached a 6.1% share of total imports.

Imports into Australia decreased at an average annual rate of -2.2% from 2012 to 2021. At the same time, Tonga (+35.4%) and New Zealand (+10.7%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +35.4% from 2012-2021. By contrast, Papua New Guinea (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and Tonga increased by +13 and +2.7 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported concentrated lemon and other citrus fruit juice in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was held by New Zealand ($X), with a 23% share of total imports. It was followed by Tonga, with a 2.8% share.

In Australia, imports of concentrated lemon and other citrus fruit juice shrank by an average annual rate of -3.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+7.2% per year) and Tonga (+28.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 3.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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