Israel: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Israel

In 2021, the Israeli concentrated orange juice market increased by 9.9% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption posted buoyant growth. Concentrated orange juice consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Concentrated Orange Juice Production in Israel

In value terms, concentrated orange juice production skyrocketed to $X in 2021 estimated in export price. In general, production showed a deep setback. Concentrated orange juice production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Concentrated Orange Juice Exports

Exports from Israel

After two years of decline, shipments abroad of concentrated orange juice increased by 15% to X tons in 2021. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 24% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated orange juice exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 42%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for concentrated orange juice exports from Israel, accounting for a 41% share of total exports. Moreover, concentrated orange juice exports to China exceeded the volume sent to the second major destination, Japan (X tons), twofold. India (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.7% per year) and India (+27.7% per year).

In value terms, China ($X) remains the key foreign market for concentrated orange juice exports from Israel, comprising 42% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by India, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.4% per year) and India (+24.9% per year).

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, rising by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Russia ($X per ton) and Belarus ($X per ton), while the average price for exports to Sri Lanka ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Orange Juice Imports

Imports into Israel

In 2021, purchases abroad of concentrated orange juice was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a slight setback. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, concentrated orange juice imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest concentrated orange juice supplier to Israel, with a 63% share of total imports. Moreover, concentrated orange juice imports from Brazil exceeded the figures recorded by the second-largest supplier, Panama (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 4.1% 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: Panama (+51.8% per year) and Spain (-18.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated orange juice to Israel, comprising 73% of total imports. The second position in the ranking was held by Panama ($X), with an 11% share of total imports. It was followed by Spain, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+45.9% per year) and Spain (+0.1% per year).

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, increasing by 16% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated orange juice import price increased by +12.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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