Thailand: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Thailand

The Thai market for concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021, jumping by 164% against the previous year. In general, consumption, however, faced a abrupt slump. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Thailand

In value terms, production of concentrated lemon and other citrus fruit juice surged to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Thailand

In 2021, overseas shipments of concentrated lemon and other citrus fruit juice decreased by -8.4% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 113%. Over the period under review, the exports of reached the maximum at X tons in 2020, and then shrank in the following year.

In value terms, exports of concentrated lemon and other citrus fruit juice dropped to $X in 2021. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 72%. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Thailand, accounting for a 62% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to Lao People's Democratic Republic exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Cambodia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic amounted to +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.1% per year) and Cambodia (+13.7% per year).

In value terms, Lao People's Democratic Republic ($X), the United Arab Emirates ($X) and Cambodia ($X) appeared to be the largest markets for concentrated lemon and other citrus fruit juice exported from Thailand worldwide, together comprising 88% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +23.6%, recorded 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 export price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, rising by 1.8% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2019 an increase of 16% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 United Arab Emirates (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Thailand

In 2021, approx. X tons of concentrated lemon and other citrus fruit juice were imported into Thailand; which is down by -18.7% against the year before. Overall, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 309%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice shrank to $X in 2021. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 200%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons) constituted the largest concentrated lemon and other citrus fruit juice supplier to Thailand, with a 50% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Israel exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+16.4% per year) and the United Arab Emirates (+518.3% per year).

In value terms, the largest concentrated lemon and other citrus fruit juice suppliers to Thailand were Israel ($X), Poland ($X) and Argentina ($X), with a combined 70% share of total imports. Pakistan, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +424.8%, saw the highest rates of growth with regard to 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 import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, rising by 12% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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