MERCOSUR: Apple Juice Market 2024

Apple Juice Market Size in MERCOSUR

In 2021, the MERCOSUR apple juice market decreased by -3.7% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Apple Juice Production in MERCOSUR

In value terms, apple juice production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18%. The level of production peaked at $X in 2020, and then fell in the following year.

Apple Juice Exports

Exports in MERCOSUR

In 2021, apple juice exports in MERCOSUR reached X tons, increasing by 1.9% on 2020. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 964% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, apple juice exports expanded slightly to $X in 2021. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,106%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) and Argentina (X tons) represented roughly 81% of total exports in 2021. It was distantly followed by Chile (X tons), committing a 17% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +60.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest apple juice supplying countries in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 97% share of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +60.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 1.5% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, apple juice export price decreased by -11.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.5%), while the other leaders experienced a decline in the export price figures.

Apple Juice Imports

Imports in MERCOSUR

In 2021, imports of apple juice (single strength) in MERCOSUR soared to X tons, growing by 92% on 2020 figures. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, apple juice imports skyrocketed to $X in 2021. Overall, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile dominates imports structure, reaching X tons, which was near 71% of total imports in 2021. Suriname (X tons) ranks second in terms of the total imports with a 9.5% share, followed by Brazil (6.9%). The following importers - Guyana (X tons), Colombia (X tons), Peru (X tons) and Ecuador (X tons) - together made up 9.8% of total imports.

Chile was also the fastest-growing in terms of the apple juice (single strength) imports, with a CAGR of +37.0% from 2012 to 2021. At the same time, Colombia (+17.6%), Peru (+15.9%) and Suriname (+6.7%) displayed positive paces of growth. By contrast, Guyana (-6.5%), Ecuador (-7.4%) and Brazil (-8.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile increased by +61 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported apple juice (single strength) in MERCOSUR, comprising 69% of total imports. The second position in the ranking was held by Suriname ($X), with an 8.8% share of total imports. It was followed by Brazil, with a 6.5% share.

In Chile, apple juice imports increased at an average annual rate of +35.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Suriname (+6.9% per year) and Brazil (-8.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform