Report Update Nov 1, 2024

Republic of Korea - Concentrated Grapefruit Juice - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Republic of Korea

For the third consecutive year, the South Korean concentrated grapefruit juice market recorded decline in sales value, which decreased by -14.4% to $X in 2021. Over the period under review, consumption, however, posted a prominent increase. Concentrated grapefruit juice consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports from Republic of Korea

In 2021, overseas shipments of concentrated grapefruit juice were finally on the rise to reach X tons after three years of decline. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 961% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. In general, exports posted a strong expansion. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Fiji (X tons) was the main destination for concentrated grapefruit juice exports from South Korea, accounting for a 72% share of total exports. Moreover, concentrated grapefruit juice exports to Fiji exceeded the volume sent to the second major destination, Mongolia (X tons), sixfold. The third position in this ranking was held by Swaziland (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Fiji amounted to +107.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (+30.5% per year) and Swaziland (0.0% per year).

In value terms, the largest markets for concentrated grapefruit juice exported from South Korea were Fiji ($X), Mongolia ($X) and Cambodia ($X), together accounting for 80% of total exports.

Among the main countries of destination, Cambodia, with a CAGR of +1,040.4%, saw the highest growth rate of 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 average concentrated grapefruit juice export price stood at $X per ton in 2021, reducing by -5.8% against the previous year. In general, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 87% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+265.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Republic of Korea

In 2021, imports of concentrated grapefruit juice into South Korea dropped rapidly to X tons, with a decrease of -15.5% on the year before. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 73%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice imports declined to $X in 2021. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 49%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Israel (X tons) and the United States (X tons) were the main suppliers of concentrated grapefruit juice imports to South Korea, together accounting for 83% of total imports. These countries were followed by Japan, Taiwan (Chinese) and Spain, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +226.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated grapefruit juice suppliers to South Korea were Vietnam ($X), Israel ($X) and Japan ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +196.7%, recorded the highest growth rate of 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 average concentrated grapefruit juice import price stood at $X per ton in 2021, growing by 2.5% against the previous year. In general, the import price, however, recorded a slight setback. The pace of growth was the most pronounced in 2018 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for concentrated grapefruit juice in the world?

The United States remains the largest concentrated grapefruit juice consuming country worldwide, comprising approx. 23% of total volume. Moreover, concentrated grapefruit juice consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Japan ranked third in terms of total consumption with a 9.7% share.

What are the largest producers of concentrated grapefruit juice in the world?

The countries with the highest volumes of concentrated grapefruit juice production in 2021 were the United States, the Netherlands and South Africa, with a combined 52% share of global production. These countries were followed by Mexico, Israel, Argentina, Cuba, China, Romania, Spain, Paraguay and Thailand, which together accounted for a further 40%.

What are the leading suppliers of concentrated grapefruit juice to Republic of Korea?

In value terms, Israel constituted the largest supplier of concentrated grapefruit juice to South Korea, comprising 49% of total imports. The second position in the ranking was occupied by Japan, with an 18% share of total imports. It was followed by Taiwan Chinese), with a 14% share.

What are the leading importers of concentrated grapefruit juice from Republic of Korea?

In value terms, India, Bangladesh and Hong Kong SAR constituted the largest markets for concentrated grapefruit juice exported from South Korea worldwide, with a combined 77% share of total exports.

What is the average export price for concentrated grapefruit juice in Republic of Korea?

In 2021, the average concentrated grapefruit juice export price amounted to $1,399 per ton, shrinking by -73% against the previous year.

What is the average import price for concentrated grapefruit juice in Republic of Korea?

The average concentrated grapefruit juice import price stood at $3,104 per ton in 2021, shrinking by -10.9% against the previous year.

This report provides an in-depth analysis of the concentrated grapefruit juice market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 510 - Grapefruit Juice, Concentrated

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023