Global Concentrated Apple Juice Market 2019 - Key Insights

IndexBox has just published a new report, the World - Concentrated Apple Juice - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The global concentrated apple juice market revenue amounted to $2.3B in 2017, jumping by 6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, concentrated apple juice consumption continues to indicate a slight slump. The most prominent rate of growth was recorded in 2011, when the market value increased by 54% year-to-year. Global concentrated apple juice consumption peaked at $3.5B in 2008; however, from 2009 to 2017, consumption stood at a somewhat lower figure.

Production 2007-2017

In 2017, approx. 2M tonnes of concentrated apple juice were produced worldwide; increasing by 12% against the previous year.

Concentrated Apple Juice Exports

Exports 2007-2017

Global exports stood at 1.5M tonnes in 2017, rising by 8.8% against the previous year. Overall, concentrated apple juice exports continue to indicate a temperate setback.

In value terms, concentrated apple juice exports stood at $1.7B (IndexBox estimates) in 2017.

Exports by Country

In 2017, China (655K tonnes) was the major exporter for concentrated apple juice, making up 43% of total exports. It was distantly followed by Poland (215K tonnes), comprising 14% share of total exports. The following exporters - Austria (67K tonnes), Turkey (66K tonnes), Ukraine (60K tonnes), Chile (60K tonnes), Hungary (54K tonnes), Moldova (41K tonnes), Italy (40K tonnes), Germany (38K tonnes) and the U.S. (37K tonnes) together made up 30% of total exports.

From 2007 to 2017, average annual rates of growth with regard to concentrated apple juice exports from China stood at -4.4%. At the same time, the U.S. (+8.1%), Moldova (+7.4%), Hungary (+5.7%), Turkey (+5.2%), Poland (+4.1%) and Chile (+3.1%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest growing exporter in the world, with a CAGR of +8.1% from 2007-2017. Ukraine experienced a relatively flat trend pattern. By contrast, Austria (-1.2%), Italy (-2.4%) and Germany (-8.3%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China and Germany increased by 25% and 3.5% percentage points, while Turkey (-1.7%) and Poland (-4.6%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($647M) remains the largest concentrated apple juice supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by Poland ($257M), with a 15% share of global exports. It was followed by Austria, with a 5.3% share.

Export Prices by Country

The average concentrated apple juice export price stood at $1.1 per kg in 2017, lowering by -2.7% against the previous year. In general, the concentrated apple juice export price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2011, when the average export price increased by 74% year-to-year. Over the period under review, the average export prices for concentrated apple juice attained their maximum at $1.8 per kg in 2012; however, from 2013 to 2017, export prices stood at a somewhat lower figure.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Italy ($1.4 per kg) and Germany ($1.4 per kg), while China ($988 per tonne) and the U.S. ($1 per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Chile (+1.9% per year), while the other global leaders experienced a decline in the export price figures.

Concentrated Apple Juice Imports

Imports 2007-2017

In 2017, the global imports of concentrated apple juice amounted to 1.6M tonnes, reducing by -10.9% against the previous year.

In value terms, concentrated apple juice imports totaled $1.7B (IndexBox estimates) in 2017.

Imports by Country

In 2017, the U.S. (391K tonnes), distantly followed by Germany (176K tonnes), France (88K tonnes), Russia (83K tonnes), the UK (78K tonnes), Japan (77K tonnes) and Turkey (73K tonnes) represented the largest importers of concentrated apple juice, together comprising 61% of total imports. Austria (71K tonnes), Poland (68K tonnes), Canada (58K tonnes), the Netherlands (56K tonnes) and South Africa (44K tonnes) took the mild share of total imports.

Imports into the U.S. decreased at an average annual rate of -1.6% from 2007 to 2017. At the same time, Turkey (+24.0%), France (+7.5%), South Africa (+7.3%), Poland (+5.4%) and Canada (+3.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing importer in the world, with a CAGR of +24.0% from 2007-2017. By contrast, the UK (-3.7%), Japan (-4.3%), Russia (-5.5%), the Netherlands (-6.1%), Austria (-6.1%) and Germany (-6.7%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Germany, the U.S., Russia, Austria, the Netherlands, Japan and the UK increased by 11%, 4.2%, 4%, 3.9%, 3.1%, 2.7% and 2.3% percentage points, while Poland (-1.7%), France (-2.8%) and Turkey (-4.1%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($458M) constitutes the largest market for imported concentrated apple juice worldwide, comprising 26% of global imports. The second position in the ranking was occupied by Germany ($218M), with a 13% share of global imports. It was followed by Japan, with a 5.6% share.

Import Prices by Country

In 2017, the average concentrated apple juice import price amounted to $1.1 per kg, going up by 13% against the previous year. Overall, the concentrated apple juice import price continues to indicate a mild reduction.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($1.3 per kg), while Turkey ($238 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+7.3% per year), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform