Central Asia: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Central Asia

For the seventh consecutive year, the Central Asian concentrated grapefruit juice market recorded decline in sales value, which decreased by -7.7% to $X in 2021. In general, consumption recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Production in Central Asia

In value terms, concentrated grapefruit juice production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 31%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports in Central Asia

In 2021, the amount of concentrated grapefruit juice exported in Central Asia declined remarkably to X kg, waning by -90.3% compared with the previous year. Over the period under review, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 520%. The volume of export peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports contracted sharply to $X in 2021. In general, exports faced a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 733% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Kazakhstan (X kg) represented roughly 100% of total exports in 2021.

Kazakhstan was also the fastest-growing in terms of the concentrated grapefruit juice exports, with a CAGR of -27.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest concentrated grapefruit juice supplier in Central Asia.

In Kazakhstan, concentrated grapefruit juice exports declined by an average annual rate of -21.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, waning by -17.3% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.9% 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 export price increased by +33.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 34%. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

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

Concentrated Grapefruit Juice Imports

Imports in Central Asia

In 2021, the amount of concentrated grapefruit juice imported in Central Asia shrank to X tons, waning by -15% compared with 2020. Overall, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports fell to $X in 2021. In general, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2014 with an increase of 0.9% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) represented the largest importer of concentrated grapefruit juice, committing 54% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Mongolia (X tons). All these countries together took near 43% share of total imports. Turkmenistan (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkmenistan (with a CAGR of +55.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest concentrated grapefruit juice importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), together comprising 99% of total imports. Turkmenistan lagged somewhat behind, accounting for a further 0.5%.

Turkmenistan, with a CAGR of +45.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 4% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.6% 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 increased by +87.6% against 2016 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 30%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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