Eastern Asia: Apple Juice Market 2024

Apple Juice Market Size in Eastern Asia

The East Asian apple juice market fell slightly to $X in 2021, which is down by -2.3% against the previous year. Over the period under review, consumption showed a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Apple Juice Production in Eastern Asia

In value terms, apple juice production shrank slightly to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 46% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Apple Juice Exports

Exports in Eastern Asia

In 2021, shipments abroad of apple juice (single strength) increased by 44% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, saw a pronounced contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, apple juice exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan was the largest exporting country with an export of around X tons, which resulted at 67% of total exports. Taiwan (Chinese) (X tons) held the second position in the ranking, followed by China (X tons) and South Korea (X tons). All these countries together took approx. 32% share of total exports.

Japan was also the fastest-growing in terms of the apple juice (single strength) exports, with a CAGR of +31.2% from 2012 to 2021. At the same time, South Korea (+20.5%) and Taiwan (Chinese) (+19.9%) displayed positive paces of growth. By contrast, China (-22.4%) illustrated a downward trend over the same period. Japan (+63 p.p.), Taiwan (Chinese) (+12 p.p.) and South Korea (+4.7 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -79.6% from 2012 to 2021, respectively.

In value terms, Japan ($X) remains the largest apple juice supplier in Eastern Asia, comprising 84% of total exports. The second position in the ranking was taken by China ($X), with a 4.8% share of total exports. It was followed by South Korea, with a 4.8% share.

In Japan, apple juice exports increased at an average annual rate of +26.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-31.8% per year) and South Korea (+27.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 5.7% against the previous year. In general, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 27%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.8%), while the other leaders experienced a decline in the export price figures.

Apple Juice Imports

Imports in Eastern Asia

In 2021, purchases abroad of apple juice (single strength) increased by 41% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, apple juice imports soared to $X in 2021. Overall, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the largest importer of apple juice (single strength), creating 47% of total imports. It was distantly followed by South Korea (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together committing a 52% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, with a combined 79% share of total imports.

China, with a CAGR of +26.7%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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