China: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in China

In 2021, after two years of decline, there was significant growth in the Chinese concentrated orange juice market, when its value increased by 64% to $X. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Concentrated Orange Juice Production in China

In value terms, concentrated orange juice production soared to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Concentrated Orange Juice Exports

Exports from China

In 2021, approx. X tons of concentrated orange juice were exported from China; with a decrease of -27.3% compared with 2020 figures. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 5.4%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concentrated orange juice exports fell remarkably to $X in 2021. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 5.2% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main destinations of concentrated orange juice exports from China, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +27.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X), Indonesia ($X) and Taiwan (Chinese) ($X) were the largest markets for concentrated orange juice exported from China worldwide, with a combined 93% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +22.5%, 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 mixed trend patterns.

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, standing approx. at the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated orange juice export price decreased by -17.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Japan ($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 Hong Kong SAR (+3.7%), while the prices for the other major destinations experienced a decline.

Concentrated Orange Juice Imports

Imports into China

In 2021, imports of concentrated orange juice into China skyrocketed to X tons, jumping by 64% on the previous year's figure. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, concentrated orange juice imports surged to $X in 2021. Over the period under review, imports, however, recorded a mild reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest concentrated orange juice supplier to China, with a 78% share of total imports. Moreover, concentrated orange juice imports from Brazil exceeded the figures recorded by the second-largest supplier, Israel (X tons), sixfold. The third position in this ranking was held by Costa Rica (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+1.0% per year) and Costa Rica (+13.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated orange juice to China, comprising 75% of total imports. The second position in the ranking was taken by Israel ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-1.6% per year) and Taiwan (Chinese) (+139.5% per year).

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, shrinking by -1.9% against the previous year. In general, the import price recorded a drastic downturn. The growth pace was the most rapid in 2017 when the average import price increased by 9.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :