Asia: Grapefruit Market 2024

Grapefruit Market Size in Asia

For the fourth consecutive year, the Asian grapefruit market recorded growth in sales value, which increased by less than X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Grapefruit Production in Asia

In value terms, grapefruit production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of grapefruit production was China (X tons), accounting for X% of total volume. Moreover, grapefruit production in China exceeded the figures recorded by the second-largest producer, Vietnam (X tons), fivefold. India (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

In 2022, the average yield of grapefruits in Asia dropped modestly to X tons per ha, remaining constant against the year before. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the grapefruit yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grapefruit harvested area reached X ha in 2022, remaining constant against 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grapefruit production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Grapefruit Exports

Exports in Asia

In 2022, the amount of grapefruits exported in Asia stood at X tons, almost unchanged from the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, grapefruit exports rose to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) and Turkey (X tons) represented the key exporters of grapefruits in 2022, resulting at approx. X% and X% of total exports, respectively. Israel (X tons) took the next position in the ranking, followed by Thailand (X tons) and Vietnam (X tons). All these countries together took near X% share of total exports. Hong Kong SAR (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, Vietnam and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Grapefruit Imports

Imports in Asia

In 2022, after two years of growth, there was significant decline in overseas purchases of grapefruits, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, grapefruit imports contracted markedly to $X in 2022. Total imports indicated a modest 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

China represented the main importer of grapefruits in Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Japan (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), Hong Kong SAR (X tons) and South Korea (X tons). All these countries together took approx. X% share of total imports. The following importers - the United Arab Emirates (X tons), Kazakhstan (X tons), Iraq (X tons), Singapore (X tons) and Turkey (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the grapefruits imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%), the United Arab Emirates (X%), Turkey (X%) and South Korea (X%) displayed positive paces of growth. Saudi Arabia and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Iraq (X%), Singapore (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.), Kazakhstan (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported grapefruits in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In China, grapefruit imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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