Italy: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Italy

In 2021, the Italian concentrated grapefruit juice market decreased by -12% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Exports

Exports from Italy

In 2021, shipments abroad of concentrated grapefruit juice was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. Over the period under review, exports recorded a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cuba (X tons) was the main destination for concentrated grapefruit juice exports from Italy, accounting for a 32% share of total exports. Moreover, concentrated grapefruit juice exports to Cuba exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba amounted to +149.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+172.6% per year) and France (+13.0% per year).

In value terms, France ($X), the Netherlands ($X) and Cuba ($X) were the largest markets for concentrated grapefruit juice exported from Italy worldwide, together accounting for 42% of total exports. These countries were followed by Bahrain, Hungary, China, the United States, Slovenia, Mexico and Spain, which together accounted for a further 39%.

Bahrain, with a CAGR of +161.0%, saw the highest growth rate of the value of exports, in terms of 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

The average concentrated grapefruit juice export price stood at $X per ton in 2021, falling by -26% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Cuba ($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 United States (+58.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Italy

In 2021, after five years of decline, there was growth in supplies from abroad of concentrated grapefruit juice, when their volume increased by 4.4% to X tons. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 6.7% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports declined to $X in 2021. Overall, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when imports increased by 29%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of concentrated grapefruit juice to Italy, with a 64% share of total imports. Moreover, concentrated grapefruit juice imports from Israel exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.0% per year) and Belgium (+52.4% per year).

In value terms, Israel ($X) constituted the largest supplier of concentrated grapefruit juice to Italy, comprising 62% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by the UK, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Israel was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.2% per year) and the UK (+11.8% per year).

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, falling by -9.1% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. The import price peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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