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

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

In 2021, the North American grapefruit juice (single strength) market decreased by -15.9% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped markedly in the following year.

Production of Grapefruit Juice (Single Strength) in Northern America

In value terms, grapefruit juice (single strength) production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year. As a result, production reached the peak level of $X, and then fell dramatically in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports in Northern America

In 2021, shipments abroad of grapefruit juice (single strength) decreased by -2.5% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) exports surged to $X in 2021. In general, exports continue to indicate a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United States (X tons) was the largest exporter of grapefruit juice (single strength) in Northern America, constituting 99% of total export.

The United States was also the fastest-growing in terms of the grapefruit juice (single strength) exports, with a CAGR of -15.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest grapefruit juice (single strength) supplier in Northern America.

In the United States, grapefruit juice (single strength) exports declined by an average annual rate of -7.1% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2020 when the export price increased by 73%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +10.2% per year.

Imports of Grapefruit Juice (Single Strength)

Imports in Northern America

In 2021, the amount of grapefruit juice (single strength) imported in Northern America fell to X tons, remaining constant against 2020 figures. In general, imports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 115% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, grapefruit juice (single strength) imports totaled $X in 2021. Overall, imports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 59%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the largest importer of grapefruit juice (single strength), constituting 69% of total imports. It was distantly followed by the United States (X tons), comprising a 31% share of total imports.

Imports into Canada decreased at an average annual rate of -1.4% from 2012 to 2021. At the same time, the United States (+13.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +13.5% from 2012-2021. While the share of the United States (+20 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-19.1 p.p.) displayed negative dynamics.

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 +23.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 8.4% against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) import price increased by +132.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 60% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

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 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 (+8.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :