Southern Asia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Southern Asia

The South Asian orange juice (single strength) market fell to $X in 2022, declining by -9% against the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Orange Juice (Single Strength) in Southern Asia

In value terms, orange juice (single strength) production reduced remarkably to $X in 2022 estimated in export price. Overall, production posted a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 145% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports in Southern Asia

In 2022, orange juice (single strength) exports in Southern Asia skyrocketed to X tons, growing by 40% compared with 2021. In general, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 208%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports surged to $X in 2022. Over the period under review, exports saw a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 192% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Bangladesh (X tons), India (X tons) and Pakistan (X tons), together finishing at 94% of total export. It was distantly followed by Sri Lanka (X tons), comprising a 5.2% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Pakistan ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 79% share of total exports.

Sri Lanka, with a CAGR of +47.0%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 22% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 52%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+14.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Orange Juice (Single Strength)

Imports in Southern Asia

Orange juice (single strength) imports contracted to X tons in 2022, shrinking by -5.5% compared with the previous year's figure. Overall, imports, however, showed mild growth. The most prominent rate of growth was recorded in 2021 with an increase of 111%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, orange juice (single strength) imports rose sharply to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Maldives (X tons), distantly followed by India (X tons), Sri Lanka (X tons), Bangladesh (X tons), Pakistan (X tons) and Afghanistan (X tons) represented the largest importers of orange juice (single strength), together making up 98% of total imports. Nepal (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice (single strength) importing markets in Southern Asia were India ($X), Maldives ($X) and Sri Lanka ($X), together accounting for 76% of total imports.

Among the main importing countries, India, with a CAGR of +26.2%, saw 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

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2016 when the import price increased by 20%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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