Brazil: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Brazil

After two years of growth, the Brazilian concentrated orange juice market decreased by -8.7% to $X in 2021. In general, consumption, however, continues to indicate a buoyant increase. Concentrated orange juice consumption peaked at $X in 2020, and then dropped in the following year.

Concentrated Orange Juice Production in Brazil

In value terms, concentrated orange juice production expanded notably to $X in 2021 estimated in export price. In general, production showed a slight reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Brazil

After two years of decline, shipments abroad of concentrated orange juice increased by 5.9% to X tons in 2021. Overall, exports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2013 with an increase of 11%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, concentrated orange juice exports totaled $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of concentrated orange juice exports from Brazil, with a combined 74% share of total exports. These countries were followed by China, Japan, the UK and Australia, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +7.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated orange juice exported from Brazil were Belgium ($X), the Netherlands ($X) and the United States ($X), together comprising 75% of total exports. These countries were followed by China, Japan, the UK and Australia, which together accounted for a further 15%.

In terms of the main countries of destination, China, with a CAGR of -0.6%, 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 a decline.

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, growing by 5.5% against the previous year. Overall, the export price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Japan ($X per ton) and Belgium ($X per ton), while the average price for exports to China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.7%), while the prices for the other major destinations experienced a decline.

Concentrated Orange Juice Imports

Imports into Brazil

In 2021, after two years of decline, there was significant growth in supplies from abroad of concentrated orange juice, when their volume increased by 48% to X tons. In general, imports recorded modest growth. The most prominent rate of growth was recorded in 2016 with an increase of 389% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated orange juice imports rose notably to $X in 2021. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 142%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) was the main concentrated orange juice supplier to Brazil, accounting for a 94% share of total imports. Moreover, concentrated orange juice imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold.

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

In value terms, the Netherlands ($X) constituted the largest supplier of concentrated orange juice to Brazil, comprising 94% of total imports. The second position in the ranking was held by Austria ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands was relatively modest.

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, shrinking by -24.8% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 361%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Austria totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+10.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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