Ireland: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Ireland

The Irish concentrated orange juice market dropped significantly to $X in 2021, falling by -19.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Ireland

For the sixth year in a row, Ireland recorded decline in shipments abroad of concentrated orange juice, which decreased by -8.4% to X tons in 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 11% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports soared to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for concentrated orange juice exports from Ireland, accounting for a 78% share of total exports. Moreover, concentrated orange juice exports to the UK exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+18.3% per year) and the Netherlands (-2.8% per year).

In value terms, the UK ($X) remains the key foreign market for concentrated orange juice exports from Ireland, comprising 34% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total exports. It was followed by Bulgaria, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.4% per year) and Bulgaria (-3.8% per year).

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, surging by 34% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2014 when the average export price increased by 36%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Serbia ($X per ton), while the average price for exports to the UK ($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 the UK (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Orange Juice Imports

Imports into Ireland

For the third consecutive year, Ireland recorded decline in overseas purchases of concentrated orange juice, which decreased by -25.9% to X tons in 2021. Over the period under review, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2018 with an increase of 37%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, concentrated orange juice imports shrank dramatically to $X in 2021. In general, imports showed a pronounced decline. The growth pace was the most rapid in 2018 when imports increased by 43%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest concentrated orange juice supplier to Ireland, accounting for a 62% share of total imports. Moreover, concentrated orange juice imports from Brazil exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+75.6% per year) and the Netherlands (+5.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated orange juice to Ireland, comprising 62% of total imports. The second position in the ranking was taken by Austria ($X), with a 25% share of total imports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+81.0% per year) and the Netherlands (+2.0% per year).

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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