China: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in China

The Chinese orange juice (single strength) market shrank significantly to $X in 2022, dropping by -44% against the previous year. Overall, consumption, however, posted a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced notably in the following year.

Production of Orange Juice (Single Strength) in China

In value terms, orange juice (single strength) production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume decreased by 99.9%. Orange juice (single strength) production peaked in 2022 and is expected to retain growth in years to come.

Exports of Orange Juice (Single Strength)

Exports from China

In 2022, after three years of decline, there was significant growth in overseas shipments of orange juice (single strength), when their volume increased by 7.2% to X tons. Over the period under review, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 115% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, orange juice (single strength) exports reduced to $X in 2022. Overall, exports, however, saw a slight curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 55% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for orange juice (single strength) exports from China, with a 8.7% share of total exports. Moreover, orange juice (single strength) exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was held by Mongolia (X tons), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-17.1% per year) and Mongolia (-16.4% per year).

In value terms, the largest markets for orange juice (single strength) exported from China were Russia ($X), the United States ($X) and Singapore ($X), with a combined 15% share of total exports.

The United States, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average orange juice (single strength) export price amounted to $X per ton, which is down by -9.2% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange juice (single strength) export price decreased by -10.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 40%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into China

In 2022, imports of orange juice (single strength) into China declined notably to X tons, waning by -35.3% on the previous year's figure. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 80% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped remarkably in the following year.

In value terms, orange juice (single strength) imports declined dramatically to $X in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 116%. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Cyprus (X tons), Spain (X tons) and Greece (X tons) were the main suppliers of orange juice (single strength) imports to China, with a combined 81% share of total imports. Thailand, Brazil, Argentina, Turkey and the United States lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +143.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice (single strength) suppliers to China were Spain ($X), Cyprus ($X) and Thailand ($X), with a combined 75% share of total imports. Greece, Brazil, Argentina, Turkey and the United States lagged somewhat behind, together comprising a further 20%.

Argentina, with a CAGR of +142.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average orange juice (single strength) import price amounted to $X per ton, shrinking by -13.6% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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