
World - Grapefruits (Inc. Pomelos) - Market Analysis, Forecast, Size, Trends and Insights
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 tons 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 tons this year due to smaller harvests in Texas and California. U.S. grapefruit imports are expected to increase by 19% y/y to 25K tons with boosting purchases from Mexico.
Global grapefruit production is projected to rise by 4% y/y to 7M tons 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 tons, while China's production will pick up 250K tons to a record 5.2M tons. South Africa is expected to harvest 374K tons of grapefruits, 2% more than a year earlier. Turkey production is to rise by 5% y/y to 250K tons. EU output is to grow by 3% y/y to 108K tons due to anticipated higher production in Spain.
Global Grapefruit and Pomelo Exports
In 2020, global grapefruit and pomelo exports reached 1.2M tons, 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 tons) 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 ton 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 ton), while Turkey ($499 per ton) 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 tons), distantly followed by Russia (95K tons), China (79K tons), France (67K tons), Japan (63K tons), Germany (58K tons) and Poland (56K tons) were the largest buyers of grapefruits, together mixing up 55% of total supplies. The following countries - Ukraine (39K tons), Canada (38K tons), Romania (36K tons), the UK (32K tons), Hong Kong SAR (30K tons) and Italy (26K tons) - 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.
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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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
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MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
- 7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
- 8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2022
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
- 9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2022
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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11. COUNTRY PROFILES
The Largest Markets And Their Profiles
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2022
- Market Volume, In Physical Terms, 2012–2022
- Market Value, 2012–2022
- Per Capita Consumption, By Country, 2018–2022
- Production, In Physical Terms, By Country, 2012–2022
- Harvested Area, By Country, 2012-2022
- Yield, By Country, 2012-2022
- Imports, In Physical Terms, By Country, 2012–2022
- Imports, In Value Terms, By Country, 2012–2022
- Import Prices, By Country Of Destination, 2012–2022
- Exports, In Physical Terms, By Country, 2012–2022
- Exports, In Value Terms, By Country, 2012–2022
- Export Prices, By Country Of Origin, 2012–2022
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2022
- Market Value, 2012–2022
- Consumption, By Country, 2022
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2022
- Production, In Value Terms, 2012–2022
- Area Harvested, 2012–2022
- Yield, 2012–2022
- Production, By Country, 2022
- Production, In Physical Terms, By Country, 2012–2022
- Harvested Area, By Country, 2022
- Harvested Area, By Country, 2012-2022
- Yield, By Country, 2012-2022
- Imports, In Physical Terms, 2012–2022
- Imports, In Value Terms, 2012–2022
- Imports, In Physical Terms, By Country, 2022
- Imports, In Physical Terms, By Country, 2012–2022
- Imports, In Value Terms, By Country, 2012–2022
- Import Prices, By Country, 2012–2022
- Exports, In Physical Terms, 2012–2022
- Exports, In Value Terms, 2012–2022
- Exports, In Physical Terms, By Country, 2022
- Exports, In Physical Terms, By Country, 2012–2022
- Exports, In Value Terms, By Country, 2012–2022
- Export Prices, 2012–2022