South-Eastern Asia: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in South-Eastern Asia

In 2021, the Southeast Asian grapefruit juice (single strength) market decreased by less than 0.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Grapefruit Juice (Single Strength) in South-Eastern Asia

In value terms, grapefruit juice (single strength) production declined to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Grapefruit Juice (Single Strength)

Exports in South-Eastern Asia

In 2021, the amount of grapefruit juice (single strength) exported in South-Eastern Asia contracted significantly to X tons, reducing by -53.4% compared with 2020 figures. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 203%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) exports contracted dramatically to $X in 2021. Over the period under review, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2015 when exports increased by 240%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam represented the major exporting country with an export of about X tons, which recorded 53% of total exports. The Philippines (X tons) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (9.8%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +13.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), the Philippines ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

The Philippines, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Grapefruit Juice (Single Strength)

Imports in South-Eastern Asia

In 2021, purchases abroad of grapefruit juice (single strength) increased by 1.7% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 29%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, grapefruit juice (single strength) imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons), distantly followed by the Philippines (X tons), Vietnam (X tons), Thailand (X tons), Indonesia (X tons), Malaysia (X tons) and Brunei Darussalam (X tons) represented the largest importers of grapefruit juice (single strength), together constituting 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brunei Darussalam (with a CAGR of +16.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 58% share of total imports. These countries were followed by Thailand, the Philippines, Indonesia and Brunei Darussalam, which together accounted for a further 38%.

Brunei Darussalam, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 3.8% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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