Spain: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Spain

The Spanish concentrated grapefruit juice market skyrocketed to $X in 2021, with an increase of 22% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +147.5% against 2017 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Concentrated Grapefruit Juice Production in Spain

In value terms, concentrated grapefruit juice production rose to $X in 2021 estimated in export price. Overall, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 149%. Concentrated grapefruit juice production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Concentrated Grapefruit Juice Exports

Exports from Spain

In 2021, shipments abroad of concentrated grapefruit juice decreased by -66.3% to X tons, falling for the third year in a row after four years of growth. Overall, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 65%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports dropped remarkably to $X in 2021. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 60%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for concentrated grapefruit juice exports from Spain, accounting for a 46% share of total exports. Moreover, concentrated grapefruit juice exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+42.5% per year) and Germany (+20.6% per year).

In value terms, Japan ($X) remains the key foreign market for concentrated grapefruit juice exports from Spain, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total exports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.6% per year) and South Korea (+42.9% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, surging by 40% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 117%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Spain

In 2021, supplies from abroad of concentrated grapefruit juice decreased by -14.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by 58%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports contracted dramatically to $X in 2021. In general, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when imports increased by 149% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), the Netherlands (X tons) and South Africa (X tons) were the main suppliers of concentrated grapefruit juice imports to Spain, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the Netherlands ($X) and South Africa ($X) were the largest concentrated grapefruit juice suppliers to Spain, with a combined 85% share of total imports. Germany lagged somewhat behind, comprising a further 12%.

Among the main suppliers, Germany, with a CAGR of +51.8%, 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

The average concentrated grapefruit juice import price stood at $X per ton in 2021, approximately equating the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice import price decreased by -9.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per ton) and Germany ($X per ton), while the price for Mexico ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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