South-Eastern Asia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in South-Eastern Asia

In 2021, the Southeast Asian market for concentrated lemon and other citrus fruit juice increased by 25% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption recorded a abrupt setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Concentrated Lemon And Other Citrus Fruit Juice in South-Eastern Asia

In value terms, production of concentrated lemon and other citrus fruit juice expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 9.3%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in South-Eastern Asia

In 2021, after three years of growth, there was significant decline in overseas shipments of concentrated lemon and other citrus fruit juice, when their volume decreased by -5.4% to X tons. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, exports of concentrated lemon and other citrus fruit juice dropped to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 52%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the largest exporter of concentrated lemon and other citrus fruit juice in South-Eastern Asia, with the volume of exports finishing at X tons, which was near 82% of total exports in 2021. It was distantly followed by the Philippines (X tons), mixing up a 12% share of total exports. The following exporters - Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons) - each resulted at a 5.9% share of total exports.

Exports from Thailand increased at an average annual rate of +16.2% from 2012 to 2021. At the same time, the Philippines (+18.4%) and Indonesia (+7.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +18.4% from 2012-2021. By contrast, Vietnam (-8.5%) and Malaysia (-22.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and the Philippines increased by +36 and +6.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in South-Eastern Asia, comprising 56% of total exports. The second position in the ranking was held by the Philippines ($X), with a 27% share of total exports. It was followed by Vietnam, with a 13% share.

In Thailand, exports of concentrated lemon and other citrus fruit juice expanded at an average annual rate of +10.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Philippines (+27.6% per year) and Vietnam (-3.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of 32% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($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 Philippines (+7.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in South-Eastern Asia

In 2021, supplies from abroad of concentrated lemon and other citrus fruit juice decreased by -20.2% to X tons, falling for the second year in a row after two years of growth. Total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of concentrated lemon and other citrus fruit juice contracted to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 18%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) was the main importer of concentrated lemon and other citrus fruit juice, comprising 42% of total imports. Thailand (X tons) held the second position in the ranking, distantly followed by Myanmar (X tons), the Philippines (X tons), Cambodia (X tons) and Malaysia (X tons). All these countries together took near 50% share of total imports. Indonesia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 78% share of total imports.

Singapore, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, surging by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import 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 importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Cambodia ($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 Philippines (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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