Greece: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Greece

The Greek grapefruit juice (single strength) market shrank to $X in 2021, which is down by -1.6% against the previous year. In general, consumption recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the market value increased by 2.4%. Grapefruit juice (single strength) consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Grapefruit Juice (Single Strength) in Greece

In value terms, grapefruit juice (single strength) production shrank modestly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 5.5%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Grapefruit Juice (Single Strength)

Exports from Greece

Grapefruit juice (single strength) exports from Greece soared to X tons in 2021, picking up by 34% against the previous year. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 358% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grapefruit juice (single strength) exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 364%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main destinations of grapefruit juice (single strength) exports from Greece, together comprising 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +184.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grapefruit juice (single strength) exported from Greece were China ($X), Japan ($X) and Germany ($X), with a combined 78% share of total exports.

Japan, with a CAGR of +202.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, growing by 28% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Greece

In 2021, purchases abroad of grapefruit juice (single strength) was finally on the rise to reach X tons after three years of decline. In general, imports, however, faced a sharp shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 45% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports skyrocketed to $X in 2021. Overall, imports, however, saw a precipitous shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cyprus (X tons) constituted the largest supplier of grapefruit juice (single strength) to Greece, accounting for a 80% share of total imports. Moreover, grapefruit juice (single strength) imports from Cyprus exceeded the figures recorded by the second-largest supplier, Spain (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Cyprus totaled -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Germany (-29.0% per year).

In value terms, the largest grapefruit juice (single strength) suppliers to Greece were Cyprus ($X), Spain ($X) and Germany ($X), together comprising 97% of total imports.

Spain, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average grapefruit juice (single strength) import price stood at $X per ton in 2021, increasing by 41% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.8% 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) import price increased by +54.5% against 2019 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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