Japan: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Japan

For the fifth year in a row, the Japanese grapefruit juice (single strength) market recorded decline in sales value, which decreased by -61.4% to $X in 2021. Overall, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Grapefruit Juice (Single Strength)

Exports from Japan

Grapefruit juice (single strength) exports from Japan soared to X tons in 2021, picking up by 243% compared with the previous year. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 272%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, grapefruit juice (single strength) exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for grapefruit juice (single strength) exports from Japan, accounting for a 76% share of total exports. Moreover, grapefruit juice (single strength) exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold.

From 2013 to 2021, the average annual growth rate of volume to China totaled +341.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+7.2% per year) and Hong Kong SAR (-21.5% per year).

In value terms, China ($X) remains the key foreign market for grapefruit juice (single strength) exports from Japan, comprising 71% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 25% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to China amounted to +422.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+7.5% per year) and Hong Kong SAR (-18.6% per year).

Export Prices by Country

The average grapefruit juice (single strength) export price stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the export price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of 60%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Japan

In 2021, grapefruit juice (single strength) imports into Japan reduced remarkably to X tons, with a decrease of -64.7% on the previous year. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2016 with an increase of 29%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports contracted notably to $X in 2021. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 60% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Australia (X tons), Italy (X tons) and Hong Kong SAR (X tons) were the main suppliers of grapefruit juice (single strength) imports to Japan, with a combined 55% share of total imports. Spain, Austria, the United States, Cyprus, Belize and South Africa lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Belize (with a CAGR of +103.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grapefruit juice (single strength) suppliers to Japan were Australia ($X), Italy ($X) and Hong Kong SAR ($X), with a combined 67% share of total imports. The United States, Austria, Spain, Cyprus, Belize and South Africa lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Belize, with a CAGR of +112.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2016 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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