Thailand: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Thailand

In 2021, the Thai concentrated orange juice market decreased by -8.4% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, recorded a strong expansion. Concentrated orange juice consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Concentrated Orange Juice Production in Thailand

In value terms, concentrated orange juice production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 72% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Thailand

In 2021, overseas shipments of concentrated orange juice increased by 22% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2014 with an increase of 39%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated orange juice exports rose significantly to $X in 2021. Overall, exports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of 52%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cambodia (X tons) was the main destination for concentrated orange juice exports from Thailand, accounting for a 44% share of total exports. Moreover, concentrated orange juice exports to Cambodia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Cambodia amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-6.4% per year) and China (+33.0% per year).

In value terms, the largest markets for concentrated orange juice exported from Thailand were Cambodia ($X), the United States ($X) and China ($X), together accounting for 65% of total exports.

China, with a CAGR of +30.9%, recorded the highest rates of growth with regard to 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

In 2021, the average concentrated orange juice export price amounted to $X per ton, reducing by -6.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Cambodia ($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 Cambodia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Orange Juice Imports

Imports into Thailand

In 2021, imports of concentrated orange juice into Thailand contracted dramatically to X tons, reducing by -26.6% compared with the previous year's figure. Over the period under review, imports saw a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 34%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, concentrated orange juice imports dropped notably to $X in 2021. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of concentrated orange juice to Thailand, with a 49% share of total imports. Moreover, concentrated orange juice imports from Israel exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Israel amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.1% per year) and the United States (+10.5% per year).

In value terms, Israel ($X) constituted the largest supplier of concentrated orange juice to Thailand, comprising 47% of total imports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Israel stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-9.8% per year) and the United States (-0.5% per year).

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2019 an increase of 9.9% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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