Eastern Asia: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Eastern Asia

The East Asian grape juice (single strength) market declined to $X in 2022, reducing by X% against the previous year. In general, consumption saw a slight curtailment. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Grape Juice (Single Strength) in Eastern Asia

In value terms, grape juice (single strength) production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a mild increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Grape Juice (Single Strength)

Exports in Eastern Asia

In 2022, shipments abroad of grape juice (single strength) increased by X% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, grape juice (single strength) exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Japan (X tons) was the largest exporter of grape juice (single strength), committing X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Democratic People's Republic of Korea (X%). South Korea (X tons) and Hong Kong SAR (X tons) took a relatively small share of total exports.

Japan was also the fastest-growing in terms of the grape juice (single strength) exports, with a CAGR of X% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%), South Korea (X%) and China (X%) illustrated a downward trend over the same period. Japan (X p.p.) and Democratic People's Republic of Korea (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest grape juice (single strength) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Imports of Grape Juice (Single Strength)

Imports in Eastern Asia

In 2022, imports of grape juice (single strength) in Eastern Asia dropped sharply to X tons, with a decrease of X% compared with the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume 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 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, grape juice (single strength) imports declined to $X in 2022. Total imports indicated temperate growth 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 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, China (X tons) was the largest importer of grape juice (single strength), achieving X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the grape juice (single strength) imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Taiwan (Chinese) and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported grape juice (single strength) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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