Eastern Asia: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Eastern Asia

The East Asian concentrated grapefruit juice market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a slight setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Concentrated Grapefruit Juice Production in Eastern Asia

In value terms, concentrated grapefruit juice production totaled $X in 2021 estimated in export price. In general, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by 74%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports in Eastern Asia

After two years of decline, overseas shipments of concentrated grapefruit juice increased by 35% to X tons in 2021. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 124% against the previous year. 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, concentrated grapefruit juice exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Japan (X tons) was the major exporter of concentrated grapefruit juice, making up 56% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 34% share, followed by South Korea (6.3%). China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +13.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 98% of total exports.

South Korea, with a CAGR of +14.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, declining by -3.6% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice export price increased by +84.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 34%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then shrank modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the other leaders experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports in Eastern Asia

In 2021, purchases abroad of concentrated grapefruit juice increased by 9.6% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable contraction. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports shrank slightly to $X in 2021. Overall, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 51%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) was the major importer of concentrated grapefruit juice, making up 55% of total imports. China (X tons) ranks second in terms of the total imports with a 30% share, followed by South Korea (12%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported concentrated grapefruit juice in Eastern Asia, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports. It was followed by South Korea, with an 11% share.

In Japan, concentrated grapefruit juice imports declined by an average annual rate of -5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+22.5% per year) and South Korea (+7.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, falling by -9.1% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice import price decreased by -18.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 45% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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