Italy: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Italy

The Italian grapefruit juice (single strength) market reduced to $X in 2021, declining by -7.3% 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). In general, consumption, however, posted a remarkable increase. Grapefruit juice (single strength) consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Grapefruit Juice (Single Strength)

Exports from Italy

In 2021, grapefruit juice (single strength) exports from Italy skyrocketed to X tons, with an increase of 15% on the year before. Over the period under review, exports, however, recorded a sharp descent. The pace of growth appeared the most rapid in 2017 when exports increased by 25% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, grapefruit juice (single strength) exports surged to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for grapefruit juice (single strength) exports from Italy, with a 33% share of total exports. Moreover, grapefruit juice (single strength) exports to Slovenia exceeded the volume sent to the second major destination, Japan (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia totaled +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-22.3% per year) and Switzerland (+20.3% per year).

In value terms, Japan ($X) emerged as the key foreign market for grapefruit juice (single strength) exports from Italy, comprising 35% of total exports. The second position in the ranking was held by Slovenia ($X), with a 17% share of total exports. It was followed by Switzerland, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+17.9% per year) and Switzerland (+21.4% per year).

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, surging by 19% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 62% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Austria ($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 Sweden (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Italy

In 2021, the amount of grapefruit juice (single strength) imported into Italy contracted to X tons, waning by -6.7% compared with 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 41%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports reduced to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 87% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), France (X tons) and Belgium (X tons) were the main suppliers of grapefruit juice (single strength) imports to Italy, together comprising 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +39.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Belgium ($X) were the largest grapefruit juice (single strength) suppliers to Italy, with a combined 85% share of total imports.

The Netherlands, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grapefruit juice (single strength) import price stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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