Asia: Market for Orange Juice (Single Strength) 2022

Market Size for Orange Juice (Single Strength) in Asia

The Asian orange juice (single strength) market was estimated at $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Production of Orange Juice (Single Strength) in Asia

In value terms, orange juice (single strength) production rose modestly to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Production By Country in Asia

Saudi Arabia (X tonnes) constituted the country with the largest volume of orange juice (single strength) production, accounting for X% of total volume. Moreover, orange juice (single strength) production in Saudi Arabia exceeded the figures recorded by the second-largest producer, India (X tonnes), twofold. Taiwan (Chinese) (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Saudi Arabia amounted to +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Taiwan (Chinese) (-X% per year).

Exports of Orange Juice (Single Strength)

Exports in Asia

Orange juice (single strength) exports reduced rapidly to X tonnes in 2021, which is down by -X% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tonnes, and then reduced remarkably in the following year.

In value terms, orange juice (single strength) exports contracted dramatically to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. The level of export peaked at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

Cyprus was the main exporter of orange juice (single strength) in Asia, with the volume of exports accounting for X tonnes, which was approx. X% of total exports in 2021. Thailand (X tonnes) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%), Israel (X%), Kuwait (X%) and Turkey (X%). China (X tonnes) occupied a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to orange juice (single strength) exports from Cyprus stood at +X%. At the same time, Thailand (+X%) and Kuwait (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, the United Arab Emirates (-X%), China (-X%), Israel (-X%) and Turkey (-X%) illustrated a downward trend over the same period. Cyprus (+X p.p.), Thailand (+X p.p.) and Kuwait (+X p.p.) significantly strengthened its position in terms of the total exports, while China, the United Arab Emirates, Turkey and Israel saw its share reduced by -X%, -X%, -X% and -X% from 2012 to 2021, respectively.

In value terms, the largest orange juice (single strength) supplying countries in Asia were Cyprus ($X), Thailand ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Thailand, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The orange juice (single strength) export price in Asia stood at $X per tonne in 2021, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per tonne in 2014; however, from 2015 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 China ($X per tonne), while Cyprus ($X per tonne) was amongst the lowest.

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

Imports of Orange Juice (Single Strength)

Imports in Asia

In 2021, supplies from abroad of orange juice (single strength) increased by X% to X tonnes, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, orange juice (single strength) imports amounted to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

China was the major importer of orange juice (single strength) in Asia, with the volume of imports recording X tonnes, which was near X% of total imports in 2021. It was distantly followed by Japan (X tonnes) and South Korea (X tonnes), together generating a X% share of total imports. The following importers - Singapore (X tonnes), Hong Kong SAR (X tonnes), Iraq (X tonnes), Israel (X tonnes), Georgia (X tonnes), Kazakhstan (X tonnes), Jordan (X tonnes) and Iran (X tonnes) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Israel (+X%), Iran (+X%), South Korea (+X%), Georgia (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Iraq (-X%), Kazakhstan (-X%), Singapore (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, South Korea and Israel 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, China ($X) constitutes the largest market for imported orange juice (single strength) in Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the orange juice (single strength) import price in Asia amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform