China: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in China

The Chinese market for peel of citrus fruit or melons amounted to $X in 2021, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Peel Of Citrus Fruit Or Melons in China

In value terms, citrus fruit or melons peel production stood at $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Peel Of Citrus Fruit Or Melons

Exports from China

For the fourth consecutive year, China recorded growth in overseas shipments of peel of citrus fruit or melons, which increased by 2.9% to X tons in 2021. In general, exports saw a temperate expansion. The pace of growth was the most pronounced in 2016 with an increase of 104%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports skyrocketed to $X in 2021. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 72%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons) was the main destination for citrus fruit or melons peel exports from China, with a 36% share of total exports. Moreover, citrus fruit or melons peel exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+92.5% per year) and Malaysia (+13.2% per year).

In value terms, Japan ($X) remains the key foreign market for peel of citrus fruit or melons exports from China, comprising 28% of total exports. The second position in the ranking was held by Malaysia ($X), with a 6.9% share of total exports. It was followed by South Korea, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+24.9% per year) and South Korea (+96.9% per year).

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, jumping by 24% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 Singapore (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into China

After three years of decline, overseas purchases of peel of citrus fruit or melons increased by 21% to X tons in 2021. Over the period under review, imports, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 306% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. Overall, imports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 126%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X tons), Japan (X tons) and Spain (X tons) were the main suppliers of citrus fruit or melons peel imports to China, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +90.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of peel of citrus fruit or melons to China, comprising 61% of total imports. The second position in the ranking was held by Peru ($X), with a 25% share of total imports. It was followed by Japan, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +77.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-13.7% per year) and Japan (-26.5% per year).

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, surging by 71% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +76.0% against 2019 indices. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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