Eastern Asia: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Eastern Asia

The East Asian concentrated apple juice market was estimated at $X in 2021, remaining constant against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Concentrated Apple Juice Production in Eastern Asia

In value terms, concentrated apple juice production rose modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 50%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Concentrated Apple Juice Exports

Exports in Eastern Asia

In 2021, approx. X tons of concentrated apple juice were exported in Eastern Asia; almost unchanged from the previous year. Over the period under review, exports saw a noticeable decline. The growth pace was the most rapid in 2017 when exports increased by 63% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated apple juice exports contracted modestly to $X in 2021. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) represented roughly 100% of total exports in 2021.

China was also the fastest-growing in terms of the concentrated apple juice exports, with a CAGR of -3.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest concentrated apple juice supplier in Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled -10.2%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when the export price increased by 15% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -6.8% per year.

Concentrated Apple Juice Imports

Imports in Eastern Asia

In 2021, imports of concentrated apple juice in Eastern Asia dropped to X tons, stabilizing at 2020. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 8.9%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated apple juice imports dropped slightly to $X in 2021. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 12%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan was the key importing country with an import of about X tons, which amounted to 74% of total imports. South Korea (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (7.6%).

Imports into Japan decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, South Korea (+8.3%) and Taiwan (Chinese) (+6.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +8.3% from 2012-2021. South Korea (+9.3 p.p.) and Taiwan (Chinese) (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -13.4% from 2012 to 2021, respectively.

In value terms, Japan ($X) constitutes the largest market for imported concentrated apple juice in Eastern Asia, comprising 74% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -7.0%. In the other countries, the average annual rates were as follows: South Korea (+3.3% per year) and Taiwan (Chinese) (+3.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2018 when the import price increased by 8.6% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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