Spain: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Spain

In 2021, the Spanish orange juice (single strength) market increased by 43% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible curtailment. Orange juice (single strength) consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in Spain

In value terms, orange juice (single strength) production dropped to $X in 2021 estimated in export price. In general, production, however, showed a mild descent. The pace of growth was the most pronounced in 2016 with an increase of 18%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports from Spain

After two years of growth, overseas shipments of orange juice (single strength) decreased by -11% to X tons in 2021. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports totaled $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 38% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the UK (X tons) and Portugal (X tons) were the main destinations of orange juice (single strength) exports from Spain, together comprising 77% of total exports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +36.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orange juice (single strength) exported from Spain were France ($X), the UK ($X) and Portugal ($X), together accounting for 76% of total exports.

Among the main countries of destination, the UK, with a CAGR of +40.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2016 when the average export price increased by 22%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Spain

Orange juice (single strength) imports into Spain fell to X tons in 2021, with a decrease of -5.3% against the previous year. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 191%. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, orange juice (single strength) imports reduced sharply to $X in 2021. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 313%. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of orange juice (single strength) to Spain, with a 69% share of total imports. Moreover, orange juice (single strength) imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+49.3% per year) and Mexico (+345.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of orange juice (single strength) to Spain, comprising 60% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Mexico, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+53.6% per year) and Mexico (+301.8% per year).

Import Prices by Country

In 2021, the average orange juice (single strength) import price amounted to $X per ton, waning by -38.8% against the previous year. In general, the import price showed a slight slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 42%. The import price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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