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

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

In 2022, the East Asian orange juice (single strength) market decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. In general, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Production of Orange Juice (Single Strength) in Eastern Asia

In value terms, orange juice (single strength) production declined to $X in 2022 estimated in export price. Overall, production, however, saw significant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Orange Juice (Single Strength)

Exports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded decline in shipments abroad of orange juice (single strength), which decreased by X% to X tons in 2022. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, orange juice (single strength) exports reduced dramatically to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Japan (X tons) and Hong Kong SAR (X tons), together making up a X% share of total exports. Taiwan (Chinese) (X tons) held a relatively small share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total exports, while China and Taiwan (Chinese) 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, China ($X) remains the largest orange juice (single strength) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with an X% share.

In China, orange juice (single strength) exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2021, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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.

Imports of Orange Juice (Single Strength)

Imports in Eastern Asia

After ten years of growth, overseas purchases of orange juice (single strength) decreased by X% to X tons in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, orange juice (single strength) imports dropped significantly to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

China was the key importing country with an import of around X tons, which resulted at X% of total imports. South Korea (X tons) took the second position in the ranking, distantly followed by Japan (X tons). All these countries together held near X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest orange juice (single strength) importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), together comprising X% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :