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

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

The Southeast Asian orange juice (single strength) market expanded modestly to $X in 2022, rising by 3.5% against the previous year. In general, consumption, however, saw a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, orange juice (single strength) production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a slight contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports in South-Eastern Asia

After two years of growth, shipments abroad of orange juice (single strength) decreased by -19% to X tons in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 88%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined dramatically in the following year.

In value terms, orange juice (single strength) exports reduced markedly to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 71% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, reaching X tons, which was approx. 74% of total exports in 2022. It was distantly followed by Vietnam (X tons), Singapore (X tons) and Indonesia (X tons), together mixing up a 23% share of total exports. The Philippines (X tons) took a relatively small share of total exports.

Exports from Thailand increased at an average annual rate of +20.2% from 2012 to 2022. At the same time, Indonesia (+39.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +39.9% from 2012-2022. By contrast, the Philippines (-3.3%), Vietnam (-3.9%) and Singapore (-13.7%) illustrated a downward trend over the same period. While the share of Thailand (+58 p.p.) and Indonesia (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (-2.1 p.p.), Vietnam (-10.5 p.p.) and Singapore (-37.7 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest orange juice (single strength) supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total exports. It was followed by Singapore, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to +19.3%. In the other countries, the average annual rates were as follows: Vietnam (-1.6% per year) and Singapore (-12.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by 4.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the other leaders experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports in South-Eastern Asia

In 2022, the amount of orange juice (single strength) imported in South-Eastern Asia totaled X tons, leveling off at the year before. In general, imports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of 24%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, orange juice (single strength) imports totaled $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of 33%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore represented the major importer of orange juice (single strength) in South-Eastern Asia, with the volume of imports finishing at X tons, which was near 36% of total imports in 2022. Lao People's Democratic Republic (X tons) ranks second in terms of the total imports with a 20% share, followed by the Philippines (10%), Cambodia (8.2%), Malaysia (7.5%) and Myanmar (5.8%). Vietnam (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +29.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported orange juice (single strength) in South-Eastern Asia, comprising 44% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 13% share of total imports. It was followed by the Philippines, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to -6.4%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (+30.2% per year) and the Philippines (+27.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 when the import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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 Singapore ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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