United Kingdom: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in the UK

In 2021, the UK grapefruit juice (single strength) market was finally on the rise to reach $X after four years of decline. In general, consumption enjoyed a moderate increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Grapefruit Juice (Single Strength)

Exports from the UK

In 2021, shipments abroad of grapefruit juice (single strength) increased by 120% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 362% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, grapefruit juice (single strength) exports soared to $X in 2021. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 444%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for grapefruit juice (single strength) exports from the UK, accounting for a 53% share of total exports. Moreover, grapefruit juice (single strength) exports to Ireland exceeded the volume sent to the second major destination, France (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-37.7% per year) and Slovakia (+268.5% per year).

In value terms, Slovakia ($X), Ireland ($X) and France ($X) were the largest markets for grapefruit juice (single strength) exported from the UK worldwide, together accounting for 91% of total exports.

Slovakia, with a CAGR of +304.6%, 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, growing by 60% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) export price increased by +112.5% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Ireland ($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 Falkland Islands (Malvinas) (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into the UK

In 2021, overseas purchases of grapefruit juice (single strength) increased by 87% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 258%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, grapefruit juice (single strength) imports surged to $X in 2021. In general, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of 344% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of grapefruit juice (single strength) imports to the UK, together comprising 86% of total imports. These countries were followed by Mexico, Israel, South Africa and Ireland, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +53.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of grapefruit juice (single strength) to the UK, comprising 50% of total imports. The second position in the ranking was taken by Spain ($X), with a 23% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.3% per year) and Belgium (+18.6% per year).

Import Prices by Country

The average grapefruit juice (single strength) import price stood at $X per ton in 2021, falling by -5.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($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 (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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