Eastern Asia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Eastern Asia

In 2021, the East Asian market for concentrated lemon and other citrus fruit juice increased by 8.2% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Eastern Asia

In value terms, production of concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 145,555% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Eastern Asia

In 2021, shipments abroad of concentrated lemon and other citrus fruit juice decreased by -26.2% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 109% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of concentrated lemon and other citrus fruit juice dropped remarkably to $X in 2021. Over the period under review, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea represented the largest exporter of concentrated lemon and other citrus fruit juice in Eastern Asia, with the volume of exports reaching X tons, which was near 58% of total exports in 2021. China (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Japan (8.2%) and Taiwan (Chinese) (4.6%).

South Korea experienced a relatively flat trend pattern with regard to volume of exports of concentrated lemon and other citrus fruit juice. At the same time, Japan (+16.8%) and China (+12.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +16.8% from 2012-2021. By contrast, Taiwan (Chinese) (-11.2%) illustrated a downward trend over the same period. China (+16 p.p.) and Japan (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Taiwan (Chinese) saw its share reduced by -11% and -11.5% from 2012 to 2021, respectively.

In value terms, the largest concentrated lemon and other citrus fruit juice supplying countries in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together comprising 96% of total exports.

In terms of the main exporting countries, China, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 China (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in Eastern Asia

In 2021, overseas purchases of concentrated lemon and other citrus fruit juice increased by 2.1% to X tons, rising for the fifth consecutive year after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.4% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 17%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, imports of concentrated lemon and other citrus fruit juice dropped slightly to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. The level of import peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, Japan (X tons) represented the key importer of concentrated lemon and other citrus fruit juice, mixing up 76% of total imports. It was distantly followed by China (X tons) and South Korea (X tons), together mixing up a 23% share of total imports.

Imports into Japan increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, China (+14.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.8% from 2012-2021. South Korea experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +9.5 percentage points.

In value terms, Japan ($X) constitutes the largest market for imported concentrated lemon and other citrus fruit juice in Eastern Asia, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

In Japan, imports of concentrated lemon and other citrus fruit juice increased at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+12.1% per year) and South Korea (-0.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. Over the period under review, the import price recorded a slight decline. The growth pace was the most rapid in 2014 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: 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 South Korea (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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