Northern America: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Northern America

In 2021, after four years of decline, there was growth in the North American grape juice (single strength) market, when its value increased by 1.4% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Grape Juice (Single Strength) in Northern America

In value terms, grape juice (single strength) production expanded modestly to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.6% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 93% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports in Northern America

Grape juice (single strength) exports soared to X tons in 2021, growing by 27% compared with 2020. Overall, exports, however, continue to indicate a noticeable decrease. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports surged to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) was the major exporter of grape juice (single strength), achieving 68% of total exports. It was distantly followed by Canada (X tons), constituting a 32% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to grape juice (single strength) exports from the United States stood at -6.4%. At the same time, Canada (+9.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +9.0% from 2012-2021. While the share of Canada (+22 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-21.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest grape juice (single strength) supplier in Northern America, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, declining by -7.4% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape juice (single strength) export price decreased by -12.5% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 53% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.4%).

Imports of Grape Juice (Single Strength)

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of grape juice (single strength), when their volume increased by 17% to X tons. Over the period under review, imports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of 49%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, grape juice (single strength) imports surged to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) was the main importer of grape juice (single strength), committing 67% of total imports. It was distantly followed by the United States (X tons), comprising a 33% share of total imports.

Canada was also the fastest-growing in terms of the grape juice (single strength) imports, with a CAGR of -3.8% from 2012 to 2021. The United States (-5.3%) illustrated a downward trend over the same period. Canada (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +8.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, increasing by 16% against the previous year. In general, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2016 when the import price increased by 67% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.9%).

Source: IndexBox Platform

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