Eastern Asia: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Eastern Asia

In 2021, the East Asian concentrated orange juice market decreased by -10.2% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Concentrated Orange Juice Production in Eastern Asia

In value terms, concentrated orange juice production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 82% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Concentrated Orange Juice Exports

Exports in Eastern Asia

In 2021, overseas shipments of concentrated orange juice decreased by -6.2% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of 27%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports fell to $X in 2021. In general, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) represented the major exporting country with an export of around X tons, which reached 59% of total exports. China (X tons) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (12%) and South Korea (8%).

Taiwan (Chinese) was also the fastest-growing in terms of the concentrated orange juice exports, with a CAGR of +7.8% from 2012 to 2021. Hong Kong SAR (-5.0%), South Korea (-5.2%) and China (-12.0%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+36 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-1.8 p.p.), Hong Kong SAR (-2.6 p.p.) and China (-28.7 p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X) remains the largest concentrated orange juice supplier in Eastern Asia, comprising 59% of total exports. The second position in the ranking was taken by China ($X), with a 27% share of total exports. It was followed by Hong Kong SAR, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) amounted to +6.4%. In the other countries, the average annual rates were as follows: China (-10.4% per year) and Hong Kong SAR (-2.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with a decrease of -3.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 28%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Concentrated Orange Juice Imports

Imports in Eastern Asia

In 2021, purchases abroad of concentrated orange juice decreased by -5.1% to X tons, falling for the third year in a row after three years of growth. In general, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of 19%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concentrated orange juice imports fell to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China represented the main importer of concentrated orange juice in Eastern Asia, with the volume of imports accounting for X tons, which was near 63% of total imports in 2021. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. 34% share of total imports. Taiwan (Chinese) (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the concentrated orange juice imports, with a CAGR of +5.4% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (-9.0%) and South Korea (-13.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +33 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concentrated orange juice importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 96% share of total imports.

China, with a CAGR of -1.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, which is down by -7.1% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when the import price increased by 5.3%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 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 South Korea (+7.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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