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

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

In 2022, the North American orange juice (single strength) market increased by 31% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Orange Juice (Single Strength) in Northern America

In value terms, orange juice (single strength) production rose to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.1% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports in Northern America

In 2022, overseas shipments of orange juice (single strength) decreased by -0.8% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports shrank to $X in 2022. In general, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 when exports increased by 9.4% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near 93% of total exports in 2022. It was distantly followed by Canada (X tons), creating a 7% share of total exports.

Exports from the United States decreased at an average annual rate of -22.7% from 2012 to 2022. At the same time, Canada (+17.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +17.6% from 2012-2022. Canada (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -6.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest orange juice (single strength) supplier in Northern America, comprising 99% of total exports. The second position in the ranking was held by Canada ($X), with a 0.9% share of total exports.

In the United States, orange juice (single strength) exports decreased by an average annual rate of -3.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, remaining stable against the previous year. In general, the export price posted a significant increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 326% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.9%).

Imports of Orange Juice (Single Strength)

Imports in Northern America

In 2022, purchases abroad of orange juice (single strength) increased by 52% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 54% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, orange juice (single strength) imports skyrocketed to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.9% against 2020 indices. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States represented the main importing country with an import of about X tons, which accounted for 76% of total imports. It was distantly followed by Canada (X tons), generating a 24% share of total imports.

The United States was also the fastest-growing in terms of the orange juice (single strength) imports, with a CAGR of +20.5% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +44 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported orange juice (single strength) in Northern America, comprising 68% of total imports. The second position in the ranking was taken by Canada ($X), with a 32% share of total imports.

In the United States, orange juice (single strength) imports increased at an average annual rate of +13.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with a decrease of -5.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.7%).

Source: IndexBox Platform

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