Overview of the Global Market for Orange Juice (Single Strength)

Market Size for Orange Juice (Single Strength)

In 2022, the global orange juice (single strength) market increased by 0.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Production of Orange Juice (Single Strength)

In value terms, orange juice (single strength) production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Orange Juice (Single Strength)

Exports

After two years of growth, shipments abroad of orange juice (single strength) decreased by -5% to X tons in 2022. Overall, exports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2020 with an increase of 14%. Over the period under review, the global exports reached the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, orange juice (single strength) exports declined to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 21% against the previous year. The global exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was approx. 54% of total exports in 2022. The Netherlands (X tons) ranks second in terms of the total exports with a 9.9% share, followed by Spain (7.9%), Germany (7.3%) and Belgium (6.2%). Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to orange juice (single strength) exports from Brazil stood at +5.7%. At the same time, Mexico (+26.4%) and Spain (+3.1%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.4% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-2.4%) and Belgium (-9.5%) illustrated a downward trend over the same period. While the share of Brazil (+20 p.p.) and Mexico (+3.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-3 p.p.) and Belgium (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest orange juice (single strength) supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of global exports. It was followed by Germany, with a 10% share.

In Brazil, orange juice (single strength) exports expanded at an average annual rate of +4.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+2.0% per year) and Germany (-2.4% per year).

Export Prices by Country

In 2022, the average orange juice (single strength) export price amounted to $X per ton, with a decrease of -1.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 6.3%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%), while the other global leaders experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports

After two years of growth, purchases abroad of orange juice (single strength) decreased by -6.1% to X tons in 2022. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, orange juice (single strength) imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 18% against the previous year. Global imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons), distantly followed by France (X tons), the Netherlands (X tons), the UK (X tons), Germany (X tons), Belgium (X tons) and Canada (X tons) were the key importers of orange juice (single strength), together making up 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest orange juice (single strength) importing markets worldwide were the United States ($X), the UK ($X) and France ($X), together comprising 45% of global imports.

The United States, with a CAGR of +13.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.8%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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