China: Market for Grapefruit Juice (Single Strength) 2023

Market Size for Grapefruit Juice (Single Strength) in China

The Chinese grapefruit juice (single strength) market soared to $X in 2021, rising by 200% 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). In general, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Grapefruit Juice (Single Strength)

Exports from China

Grapefruit juice (single strength) exports from China dropped dramatically to X tons in 2021, falling by -35.4% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10,934% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, grapefruit juice (single strength) exports declined notably to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 8,221% against the previous year. The exports peaked at $X in 2020, and then fell significantly in the following year.

Exports by Country

Vietnam (X tons) was the main destination for grapefruit juice (single strength) exports from China, with a 59% share of total exports. Moreover, grapefruit juice (single strength) exports to Vietnam exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+25.5% per year) and Japan (-9.1% per year).

In value terms, Vietnam ($X), Singapore ($X) and Japan ($X) appeared to be the largest markets for grapefruit juice (single strength) exported from China worldwide, with a combined 74% share of total exports.

Singapore, with a CAGR of +24.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, increasing by 4.1% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($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 Hong Kong SAR (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grapefruit Juice (Single Strength)

Imports into China

Grapefruit juice (single strength) imports into China surged to X tons in 2021, increasing by 258% compared with the previous year. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grapefruit juice (single strength) imports skyrocketed to $X in 2021. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of grapefruit juice (single strength) to China, accounting for a 61% share of total imports. Moreover, grapefruit juice (single strength) imports from Israel exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Cyprus (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel totaled +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+103.0% per year) and Cyprus (+8.1% per year).

In value terms, Israel ($X) constituted the largest supplier of grapefruit juice (single strength) to China, comprising 58% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Israel stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+95.3% per year) and South Korea (+74.5% per year).

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, declining by -27.8% against the previous year. Overall, the import price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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