Australia: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Australia

The Australian grapefruit juice (single strength) market skyrocketed to $X in 2021, jumping by 21% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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

In value terms, grapefruit juice (single strength) production dropped to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +101.3% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41% against the previous year. Grapefruit juice (single strength) production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports from Australia

After two years of growth, shipments abroad of grapefruit juice (single strength) decreased by -49.9% to X tons in 2021. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 146%. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, grapefruit juice (single strength) exports dropped notably to $X in 2021. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 212%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of grapefruit juice (single strength) exports from Australia, with a combined 91% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grapefruit juice (single strength) exported from Australia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 92% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +143.2%, recorded 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 average grapefruit juice (single strength) export price stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 41%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+88.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Australia

In 2021, supplies from abroad of grapefruit juice (single strength) decreased by -84.5% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports faced a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 30%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) imports fell dramatically to $X in 2021. In general, imports saw a significant decrease. The pace of growth was the most pronounced in 2015 with an increase of 38%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) was the main grapefruit juice (single strength) supplier to Australia, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from South Korea was relatively modest.

In value terms, South Korea ($X) constituted the largest supplier of grapefruit juice (single strength) to Australia.

From 2012 to 2021, the average annual growth rate of value from South Korea was relatively modest.

Import Prices by Country

The average grapefruit juice (single strength) import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +7.9% per year.

Source: IndexBox Platform

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