MERCOSUR: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in MERCOSUR

After two years of growth, the MERCOSUR concentrated grapefruit juice market decreased by -2.8% to $X in 2021. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Production in MERCOSUR

In value terms, concentrated grapefruit juice production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The level of production peaked at $X in 2020, and then contracted in the following year.

Concentrated Grapefruit Juice Exports

Exports in MERCOSUR

In 2021, exports of concentrated grapefruit juice in MERCOSUR contracted to X tons, dropping by -11.3% on the previous year's figure. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 38%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 39% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina was the largest exporter of concentrated grapefruit juice in MERCOSUR, with the volume of exports accounting for X tons, which was near 67% of total exports in 2021. It was distantly followed by Paraguay (X tons), mixing up a 25% share of total exports. Brazil (X tons) and Uruguay (X tons) held a relatively small share of total exports.

Argentina was also the fastest-growing in terms of the concentrated grapefruit juice exports, with a CAGR of +5.5% from 2012 to 2021. Brazil (-12.5%), Paraguay (-13.5%) and Uruguay (-19.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina increased by +43 percentage points.

In value terms, Argentina ($X) remains the largest concentrated grapefruit juice supplier in MERCOSUR, comprising 69% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 24% share of total exports. It was followed by Brazil, with a 4.1% share.

In Argentina, concentrated grapefruit juice exports increased at an average annual rate of +6.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Paraguay (-11.8% per year) and Brazil (-11.4% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, declining by -10.4% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2018 when the export price increased by 33%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Uruguay ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+7.2%), while the other leaders experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports in MERCOSUR

In 2021, the amount of concentrated grapefruit juice imported in MERCOSUR contracted to X tons, reducing by -8.1% compared with the previous year's figure. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 43% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports dropped significantly to $X in 2021. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons) and Uruguay (X tons) represented the largest importers of concentrated grapefruit juice in 2021, amounting to near 35% and 32% of total imports, respectively. It was distantly followed by Chile (X tons), Brazil (X tons) and Paraguay (X tons), together mixing up a 29% share of total imports. Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Paraguay (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated grapefruit juice importing markets in MERCOSUR were Argentina ($X), Uruguay ($X) and Brazil ($X), together comprising 84% of total imports. Paraguay, Chile and Guyana lagged somewhat behind, together comprising a further 15%.

In terms of the main importing countries, Paraguay, with a CAGR of +29.6%, saw the highest rates of growth with regard to 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

The import price in MERCOSUR stood at $X per ton in 2021, declining by -15.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2015 when the import price increased by 24%. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Paraguay ($X per ton), while Chile ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform