Australia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Australia

The Australian orange juice (single strength) market declined to $X in 2022, which is down by -4.2% against the previous year. Overall, consumption continues to indicate a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Orange Juice (Single Strength) in Australia

In value terms, orange juice (single strength) production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 4.8%. Orange juice (single strength) production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports from Australia

In 2022, overseas shipments of orange juice (single strength) increased by 53% to X tons, rising for the fourth year in a row after two years of decline. In general, exports, however, saw a slight decline. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports surged to $X in 2022. Overall, exports, however, showed a mild decrease. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of orange juice (single strength) exports from Australia, with a combined 61% share of total exports. Wallis and Futuna Islands, Fiji, New Caledonia, the Philippines and Hong Kong SAR lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Wallis and Futuna Islands (with a CAGR of +42.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orange juice (single strength) exported from Australia were New Zealand ($X), Japan ($X) and South Korea ($X), with a combined 73% share of total exports. Wallis and Futuna Islands, Fiji, Hong Kong SAR, the Philippines and New Caledonia lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Wallis and Futuna Islands, with a CAGR of +40.8%, saw the highest growth rate of 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

In 2022, the average orange juice (single strength) export price amounted to $X per ton, reducing by -7.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 12% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Australia

In 2022, the amount of orange juice (single strength) imported into Australia fell rapidly to X tons, which is down by -22.2% against 2021 figures. Over the period under review, imports faced a precipitous descent. The pace of growth was the most pronounced in 2017 when imports increased by 2,923%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, orange juice (single strength) imports declined slightly to $X in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 3,764%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), New Zealand (X tons) and Thailand (X tons) were the main suppliers of orange juice (single strength) imports to Australia, together accounting for 75% of total imports. Kenya, Lebanon and Greece lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Spain ($X) and Thailand ($X) appeared to be the largest orange juice (single strength) suppliers to Australia, with a combined 89% share of total imports.

Among the main suppliers, New Zealand, with a CAGR of +57.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average orange juice (single strength) import price amounted to $X per ton, jumping by 26% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 86%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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