Australia: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Australia

The Australian concentrated orange juice market reduced dramatically to $X in 2021, waning by -17.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt descent. Concentrated orange juice consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Australia

In 2021, shipments abroad of concentrated orange juice was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a measured increase. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports soared to $X in 2021. Overall, exports continue to indicate a slight expansion. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for concentrated orange juice exports from Australia, accounting for a 86% share of total exports. It was followed by Vietnam (X tons), with a 2.2% share of total exports. South Korea (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+3.3% per year) and South Korea (-5.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for concentrated orange juice exports from Australia, comprising 72% of total exports. The second position in the ranking was taken by South Korea ($X), with a 4.9% share of total exports. It was followed by China, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.6% per year) and China (+2.4% per year).

Export Prices by Country

The average concentrated orange juice export price stood at $X per ton in 2021, which is down by -32.8% against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

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Concentrated Orange Juice Imports

Imports into Australia

In 2021, overseas purchases of concentrated orange juice decreased by -11.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2014 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated orange juice imports fell slightly to $X in 2021. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 47%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of concentrated orange juice to Australia, with a 82% share of total imports. Moreover, concentrated orange juice imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold. The third position in this ranking was taken by Israel (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+54.1% per year) and Israel (+3.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated orange juice to Australia, comprising 80% of total imports. The second position in the ranking was held by Turkey ($X), with a 10% share of total imports. It was followed by Israel, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+59.6% per year) and Israel (+1.6% per year).

Import Prices by Country

In 2021, the average concentrated orange juice import price amounted to $X per ton, increasing by 7.3% against the previous year. Overall, the import price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Spain ($X per ton) and Turkey ($X per ton), while the price for the United States ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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