Eastern Asia: Mixed Juices Market 2024

Mixed Juices Market Size in Eastern Asia

The East Asian mixed juices market reduced modestly to $X in 2022, waning by -2.2% against the previous year. In general, consumption showed a mild descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Mixed Juices Production in Eastern Asia

In value terms, mixed juices production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a slight slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Mixed Juices Exports

Exports in Eastern Asia

In 2022, the amount of mixtures of fruit and vegetable juices exported in Eastern Asia expanded markedly to X tons, growing by 13% against the previous year's figure. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, mixed juices exports reduced to $X in 2022. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 66% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons), Japan (X tons) and South Korea (X tons) was the largest exporter of mixtures of fruit and vegetable juices in Eastern Asia, achieving 88% of total export. It was distantly followed by Taiwan (Chinese) (X tons), committing a 9.9% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest mixed juices supplier in Eastern Asia, comprising 55% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports. It was followed by Japan, with a 15% share.

In South Korea, mixed juices exports increased at an average annual rate of +33.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (-4.4% per year) and Japan (+21.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by -12% against the previous year. Over the period under review, the export price, however, posted a measured increase. The growth pace was the most rapid in 2016 when the export price increased by 36% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.8%), while the other leaders experienced mixed trends in the export price figures.

Mixed Juices Imports

Imports in Eastern Asia

In 2022, approx. X tons of mixtures of fruit and vegetable juices were imported in Eastern Asia; waning by -9.2% compared with 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 20%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, mixed juices imports fell to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.9% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons) and China (X tons) represented the largest importers of mixtures of fruit and vegetable juices in 2022, accounting for near 35% and 32% of total imports, respectively. It was distantly followed by South Korea (X tons) and Hong Kong SAR (X tons), together achieving a 29% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed juices importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 87% share of total imports.

In terms of the main importing countries, China, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, 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 2022, surging by 1.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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