Brazil: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Brazil

The Brazilian concentrated grapefruit juice market declined to $X in 2021, approximately equating the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Production in Brazil

In value terms, concentrated grapefruit juice production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of 114%. Concentrated grapefruit juice production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports from Brazil

In 2021, shipments abroad of concentrated grapefruit juice decreased by -22.4% to X tons, falling for the second year in a row after three years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 209% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, concentrated grapefruit juice exports declined sharply to $X in 2021. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 126%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of concentrated grapefruit juice exports from Brazil, with a combined 63% share of total exports. These countries were followed by Poland, Estonia, Chile, Kuwait, Slovakia and Switzerland, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +190.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for concentrated grapefruit juice exports from Brazil, comprising 38% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Estonia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.1% per year) and Estonia (0.0% per year).

Export Prices by Country

The average concentrated grapefruit juice export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price enjoyed slight growth. The growth pace was the most rapid in 2019 an increase of 125% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Cyprus ($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 Saudi Arabia (+222.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Brazil

In 2021, imports of concentrated grapefruit juice into Brazil dropped sharply to X tons, which is down by -39.1% against the previous year. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 359% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports plummeted to $X in 2021. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 665%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of concentrated grapefruit juice to Brazil, accounting for a 81% share of total imports. Moreover, concentrated grapefruit juice imports from Argentina exceeded the figures recorded by the second-largest supplier, South Africa (X tons), tenfold. The third position in this ranking was taken by Hungary (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina stood at -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-12.8% per year) and Hungary (-8.4% per year).

In value terms, Argentina ($X) constituted the largest supplier of concentrated grapefruit juice to Brazil, comprising 90% of total imports. The second position in the ranking was held by South Africa ($X), with a 2.8% share of total imports. It was followed by Austria, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from Argentina amounted to -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-11.7% per year) and Austria (-0.8% per year).

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, with a decrease of -10% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice import price decreased by -15.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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