
World - Grapefruits (Inc. Pomelos) - Market Analysis, Forecast, Size, Trends and Insights
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U.S. Grapefruit Prices to Keep Growing, World's Production to Gain 4% in 2022
IndexBox has just published a new report: 'World - Grapefruits (Inc. Pomelos) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Grapefruit prices in the U.S. are forecast to keep growing with limited domestic supply and rising fertilizer and logistical costs. Global grapefruit production is set to grow by 4% to 7M tonnes in 2022 with favourable weather and a larger area in Mexico, South Africa, Turkey and China.
According to USDA data, the average retail grapefruit price in the U.S. is estimated at approx. $1.02 per pound in Feb. 2022, 12% more than last year's same period. In 2022, grapefruit prices are forecast to grow by 4% due to rising fertilizer and logistical costs and reducing domestic supply. U.S. production is set to drop 11% to 343K tonnes this year due to smaller harvests in Texas and California. U.S. grapefruit imports are expected to increase by 19% y/y to 25K tonnes with boosting purchases from Mexico.
Global grapefruit production is projected to rise by 4% y/y to 7M tonnes in 2022 thanks to favourable weather and expanded area in Mexico, South Africa, Turkey and China. Mexico's output is forecast to increase by 5% y/y to 534K tonnes, while China's production will pick up 250K tonnes to a record 5.2M tonnes. South Africa is expected to harvest 374K tonnes of grapefruits, 2% more than a year earlier. Turkey production is to rise by 5% y/y to 250K tonnes. EU output is to grow by 3% y/y to 108K tonnes due to anticipated higher production in Spain.
Global Grapefruit and Pomelo Exports
In 2020, global grapefruit and pomelo exports reached 1.2M tonnes, approximately equating to the previous year. In value terms, supplies totalled $918M (IndexBox estimates).
The shipments of the four significant exporters of grapefruits, namely South Africa, Turkey, China and the Netherlands, represented more than half of total exports. Israel (82K tonnes) ranks next with a 7.1% share, followed by Spain (5.6%) and the U.S. (4.8%).
In value terms, the Netherlands ($151M), China ($136M) and South Africa ($132M) accounted for 46% of global exports. Turkey, Israel, Spain and the U.S. lagged somewhat behind, together comprising a further 33%.
The average grapefruit export price stood at $796 per tonne in 2020, increasing by 2.5% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the U.S. ($1,267 per tonne), while Turkey ($499 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.
Top Largest Grapefruit and Pomelo Importers
In 2020, the Netherlands (194K tonnes), distantly followed by Russia (95K tonnes), China (79K tonnes), France (67K tonnes), Japan (63K tonnes), Germany (58K tonnes) and Poland (56K tonnes) were the largest buyers of grapefruits, together mixing up 55% of total supplies. The following countries - Ukraine (39K tonnes), Canada (38K tonnes), Romania (36K tonnes), the UK (32K tonnes), Hong Kong SAR (30K tonnes) and Italy (26K tonnes) - together made up 18% of total imports.
In value terms, the Netherlands ($187M) constitutes the largest market for imported grapefruits worldwide, comprising 18% of global imports. The second position in the ranking was occupied by China ($79M), with a 7.4% share of total supplies. It was followed by France, with a 7.3% share.
Source: IndexBox Platform
This report provides an in-depth analysis of the global grapefruit market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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