China: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in China

The Chinese grape juice (single strength) market skyrocketed to $X in 2021, increasing by 44% against the previous year. In general, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Grape Juice (Single Strength) in China

In value terms, grape juice (single strength) production declined to $X in 2021 estimated in export price. Overall, production recorded a perceptible expansion. The growth pace was the most rapid in 2014 when the production volume increased by 62%. Grape juice (single strength) production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports from China

In 2021, grape juice (single strength) exports from China soared to X tons, picking up by 227% compared with the year before. In general, exports, however, recorded a perceptible setback. The growth pace was the most rapid in 2018 when exports increased by 240% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, grape juice (single strength) exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2018 when exports increased by 405% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for grape juice (single strength) exports from China, accounting for a 61% share of total exports. Moreover, grape juice (single strength) exports to Spain exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was held by Singapore (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-28.6% per year) and Singapore (+70.7% per year).

In value terms, Spain ($X) emerged as the key foreign market for grape juice (single strength) exports from China, comprising 36% of total exports. The second position in the ranking was held by Japan ($X), with a 9.5% share of total exports. It was followed by Singapore, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-27.9% per year) and Singapore (+45.4% per year).

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, declining by -27.7% against the previous year. Over the period under review, the export price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 62% 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, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Spain ($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 Australia (+98.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grape Juice (Single Strength)

Imports into China

Grape juice (single strength) imports into China skyrocketed to X tons in 2021, increasing by 44% against the year before. Overall, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 74%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, grape juice (single strength) imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 61%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest grape juice (single strength) supplier to China, with a 49% share of total imports. Moreover, grape juice (single strength) imports from Spain exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), threefold. Greece (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+25.1% per year) and Greece (+45.1% per year).

In value terms, Spain ($X) constituted the largest supplier of grape juice (single strength) to China, comprising 43% of total imports. The second position in the ranking was taken by Australia ($X), with an 11% share of total imports. It was followed by Cyprus, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-7.8% per year) and Cyprus (+25.1% per year).

Import Prices by Country

In 2021, the average grape juice (single strength) import price amounted to $X per ton, picking up by 6.2% against the previous year. Overall, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.4%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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