Southern Asia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Southern Asia

The South Asian market for concentrated lemon and other citrus fruit juice was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption enjoyed a modest expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Southern Asia

In value terms, production of concentrated lemon and other citrus fruit juice fell to $X in 2021 estimated in export price. In general, production, however, saw a mild decrease. The growth pace was the most rapid in 2019 with an increase of 18%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Southern Asia

In 2021, exports of concentrated lemon and other citrus fruit juice in Southern Asia skyrocketed to X tons, picking up by 81% compared with 2020 figures. Overall, exports showed a moderate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 143% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of concentrated lemon and other citrus fruit juice surged to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

India represented the key exporter of concentrated lemon and other citrus fruit juice in Southern Asia, with the volume of exports resulting at X tons, which was near 59% of total exports in 2021. Pakistan (X tons) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Bangladesh (11%).

From 2012 to 2021, average annual rates of growth with regard to concentrated lemon and other citrus fruit juice exports from India stood at +10.3%. At the same time, Bangladesh (+14.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +14.9% from 2012-2021. By contrast, Pakistan (-3.7%) illustrated a downward trend over the same period. India (+24 p.p.) and Bangladesh (+6.2 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -29.2% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in Southern Asia, comprising 71% of total exports. The second position in the ranking was held by Pakistan ($X), with a 23% share of total exports.

In India, exports of concentrated lemon and other citrus fruit juice increased at an average annual rate of +4.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-7.1% per year) and Bangladesh (+11.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, waning by -30.9% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of 62% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in Southern Asia

In 2021, after three years of decline, there was significant growth in supplies from abroad of concentrated lemon and other citrus fruit juice, when their volume increased by 237% to X tons. Over the period under review, imports posted a tangible increase. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice surged to $X in 2021. In general, imports saw a remarkable increase. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) was the major importer of concentrated lemon and other citrus fruit juice, constituting 82% of total imports. It was distantly followed by Bangladesh (X tons), committing a 12% share of total imports. Pakistan (X tons) took a relatively small share of total imports.

Imports into India increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, Bangladesh (+40.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +40.0% from 2012-2021. By contrast, Pakistan (-14.5%) illustrated a downward trend over the same period. While the share of India (+42 p.p.) and Bangladesh (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-10.1 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported concentrated lemon and other citrus fruit juice in Southern Asia, comprising 90% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 4.6% share of total imports.

In India, imports of concentrated lemon and other citrus fruit juice increased at an average annual rate of +22.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+40.2% per year) and Pakistan (-3.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, jumping by 19% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for concentrated lemon and other citrus fruit juice increased by +83.4% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 35%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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