ECOWAS: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in ECOWAS

In 2021, the ECOWAS grapefruit juice (single strength) market increased by 87% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw significant growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Grapefruit Juice (Single Strength) in ECOWAS

In value terms, grapefruit juice (single strength) production reduced slightly to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.9% against 2015 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped modestly in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports in ECOWAS

In 2021, shipments abroad of grapefruit juice (single strength) decreased by -0.6% to X kg, falling for the second year in a row after two years of growth. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 695% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, grapefruit juice (single strength) exports shrank to $X in 2021. Overall, exports saw a sharp setback. The pace of growth appeared the most rapid in 2019 when exports increased by 613%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X kg) and Togo (X kg) were the key exporters of grapefruit juice (single strength) in 2021, resulting at approx. 36% and 33% of total exports, respectively. It was followed by Nigeria (X kg), mixing up a 32% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of -0.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Ghana ($X), Nigeria ($X) and Togo ($X) were the countries with the highest levels of exports in 2021, together accounting for 99.9% of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of -19.5%, saw the highest rates of growth with regard to the value of exports, 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 ECOWAS stood at $X per ton in 2021, shrinking by -14% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) export price increased by +62.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Grapefruit Juice (Single Strength)

Imports in ECOWAS

For the third year in a row, ECOWAS recorded growth in overseas purchases of grapefruit juice (single strength), which increased by 107% to X tons in 2021. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 294%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, grapefruit juice (single strength) imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 239% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Burkina Faso (X tons) and Benin (X tons) prevails in imports structure, together mixing up 87% of total imports. It was distantly followed by Mali (X tons), constituting a 5.1% share of total imports. The following importers - Togo (X tons) and Senegal (X tons) - each recorded a 3.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burkina Faso (with a CAGR of +118.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X), Benin ($X) and Mali ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 87% of total imports.

In terms of the main importing countries, Burkina Faso, with a CAGR of +92.4%, saw the highest growth rate of 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 ECOWAS stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform