Asia-Pacific: Citrus Fruit Preserves Market 2023

Citrus Fruit Preserves Market Size in Asia-Pacific

The Asia-Pacific citrus fruit preserves market reduced modestly to $X in 2021, remaining stable against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Citrus Fruit Preserves Production in Asia-Pacific

In value terms, citrus fruit preserves production contracted slightly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Citrus Fruit Preserves Exports

Exports in Asia-Pacific

In 2021, the amount of citrus fruit jams, marmalades, jellies, purees or pastes exported in Asia-Pacific surged to X tons, growing by 21% against 2020. Overall, exports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, citrus fruit preserves exports expanded sharply to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, New Zealand (X tons) represented the key exporter of citrus fruit jams, marmalades, jellies, purees or pastes, comprising 60% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 20% share of total exports. Thailand (X tons), Malaysia (X tons), Australia (X tons), Pakistan (X tons), India (X tons) and China (X tons) took a little share of total exports.

Exports from New Zealand increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, India (+14.2%) and Pakistan (+5.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.2% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Thailand (-3.4%), Malaysia (-8.7%), Australia (-13.0%) and China (-25.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand, Taiwan (Chinese) and India increased by +18, +3.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest citrus fruit preserves supplying countries in Asia-Pacific were New Zealand ($X), Taiwan (Chinese) ($X) and Australia ($X), with a combined 82% share of total exports. These countries were followed by Pakistan, Thailand, Malaysia, China and India, which together accounted for a further 8.3%.

In terms of the main exporting countries, India, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, which is down by -9.5% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit preserves export price decreased by -15.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by 40%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.7%), while the other leaders experienced more modest paces of growth.

Citrus Fruit Preserves Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of citrus fruit jams, marmalades, jellies, purees or pastes increased by 3.8% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of 5.7%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, citrus fruit preserves imports surged to $X in 2021. In general, imports, however, showed a noticeable curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons) and Australia (X tons) represented roughly 63% of total imports in 2021. Hong Kong SAR (X tons) took the next position in the ranking, followed by China (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 19% share of total imports. The following importers - Vietnam (X tons) and South Korea (X tons) - each reached a 6.4% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest citrus fruit preserves importing markets in Asia-Pacific were Japan ($X), Australia ($X) and China ($X), with a combined 69% share of total imports.

In terms of the main importing countries, China, with a CAGR of +20.6%, 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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