Asia: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Asia

The Asian grape juice (single strength) market rose modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Grape Juice (Single Strength) in Asia

In value terms, grape juice (single strength) production skyrocketed to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Grape Juice (Single Strength)

Exports in Asia

In 2022, shipments abroad of grape juice (single strength) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, grape juice (single strength) exports rose notably to $X in 2022. Overall, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Cyprus was the key exporter of grape juice (single strength) in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Uzbekistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Japan (X tons), Thailand (X tons), Vietnam (X tons), the United Arab Emirates (X tons) and Palestine (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grape juice (single strength) exports from Cyprus stood at X%. At the same time, Japan (X%), Thailand (X%), the United Arab Emirates (X%), Vietnam (X%) and Palestine (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cyprus, Uzbekistan, Japan, Thailand and Vietnam increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grape juice (single strength) supplying countries in Asia were Cyprus ($X), Japan ($X) and Turkey ($X), with a combined X% share of total exports. Uzbekistan, Vietnam, Thailand, the United Arab Emirates and Palestine lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Japan ($X per ton), while Uzbekistan ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Grape Juice (Single Strength)

Imports in Asia

In 2022, supplies from abroad of grape juice (single strength) increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, grape juice (single strength) imports rose modestly to $X in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Israel (X tons) was the major importer of grape juice (single strength), mixing up X% of total imports. China (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together held near X% share of total imports. The following importers - South Korea (X tons), the United Arab Emirates (X tons), Japan (X tons), Indonesia (X tons) and Kazakhstan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to grape juice (single strength) imports into Israel stood at X%. At the same time, Kuwait (X%), China (X%), Kazakhstan (X%), the United Arab Emirates (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, China and Kuwait increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), China ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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