Spain: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Spain

The Spanish grapefruit juice (single strength) market rose sharply to $X in 2021, picking up by 7.4% against the previous year. Overall, consumption recorded a remarkable increase. Grapefruit juice (single strength) consumption peaked in 2021 and is likely to continue growth in the immediate term.

Production of Grapefruit Juice (Single Strength) in Spain

In value terms, grapefruit juice (single strength) production declined to $X in 2021 estimated in export price. In general, production saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 52% against the previous year. Grapefruit juice (single strength) production peaked at $X in 2020, and then declined in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports from Spain

Grapefruit juice (single strength) exports from Spain reached X tons in 2021, growing by 6.8% against the year before. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 254%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, grapefruit juice (single strength) exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 257%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), France (X tons) and Germany (X tons) were the main destinations of grapefruit juice (single strength) exports from Spain, together accounting for 50% of total exports. These countries were followed by the Netherlands, China, Portugal, Italy and Japan, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +207.0%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and China ($X) were the largest markets for grapefruit juice (single strength) exported from Spain worldwide, with a combined 51% share of total exports.

China, with a CAGR of +202.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grapefruit juice (single strength) export price stood at $X per ton in 2021, surging by 16% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by 74%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 the Netherlands (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Spain

In 2021, the amount of grapefruit juice (single strength) imported into Spain soared to X tons, rising by 55% against 2020 figures. Over the period under review, imports, however, showed a deep contraction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports soared to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of grapefruit juice (single strength) imports to Spain, together accounting for 94% of total imports. These countries were followed by France and South Africa, which together accounted for a further 5.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +99.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the Netherlands ($X) and France ($X) were the largest grapefruit juice (single strength) suppliers to Spain, together comprising 94% of total imports.

In terms of the main suppliers, France, with a CAGR of +108.8%, recorded 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 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, dropping by -5% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) import price decreased by -19.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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