Eastern Asia: Orange Market 2024

Orange Market Size in Eastern Asia

For the fifth year in a row, the East Asian orange market recorded decline in sales value, which decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Orange Production in Eastern Asia

In value terms, orange production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of orange production was China (X tons), accounting for X% of total volume. It was followed by Taiwan (Chinese) (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest.

In 2022, the average yield of oranges in Eastern Asia amounted to X tons per ha, approximately equating the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The orange harvested area declined to X ha in 2022, reducing by X% against the previous year's figure. Over the period under review, the harvested area recorded a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

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Orange Exports

Exports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded decline in overseas shipments of oranges, which decreased by X% to X tons in 2022. Overall, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, orange exports dropped sharply to $X in 2022. Total exports indicated a mild increase 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. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the two major exporters of oranges, namely China and Hong Kong SAR, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hong Kong SAR (with a CAGR of X%).

In value terms, the largest orange supplying countries in Eastern Asia were China ($X) and Hong Kong SAR ($X).

Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Orange Imports

Imports in Eastern Asia

In 2022, supplies from abroad of oranges decreased by X% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, orange imports shrank to $X in 2022. Total imports indicated a modest expansion 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2022. It was distantly followed by South Korea (X tons) and Japan (X tons), together committing a X% share of total imports. Taiwan (Chinese) (X tons) held a minor share of total imports.

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

In value terms, Hong Kong SAR ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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