Eastern Asia: Overview of the Market for Peel Of Citrus Fruit Or Melons 2021

Market Size for Peel Of Citrus Fruit Or Melons in Eastern Asia

In 2020, the East Asian market for peel of citrus fruit or melons decreased by -X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated a measured increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Production of Peel Of Citrus Fruit Or Melons in Eastern Asia

In value terms, citrus fruit or melons peel production shrank slightly to $X in 2020 estimated in export prices. The total production indicated a measured expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Eastern Asia

China (X tonnes) remains the largest citrus fruit or melons peel producing country in Eastern Asia, comprising approx. X% of total volume. Moreover, citrus fruit or melons peel production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), sixfold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (-X% per year).

Exports of Peel Of Citrus Fruit Or Melons

Exports in Eastern Asia

In 2020, approx. X tonnes of peel of citrus fruit or melons were exported in Eastern Asia; growing by X% compared with 2019. In general, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, citrus fruit or melons peel exports totaled $X in 2020. Overall, exports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from China (X tonnes) and Japan (X tonnes), together resulting at X% of total export.

From 2007 to 2020, the biggest increases were in Japan.

In value terms, China ($X) remains the largest citrus fruit or melons peel supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in China stood at +X%.

Export Prices by Country

The export price for peel of citrus fruit or melons in Eastern Asia stood at $X per tonne in 2020, falling by -X% against the previous year. Export price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, citrus fruit or melons peel export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while Japan amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Imports of Peel Of Citrus Fruit Or Melons

Imports in Eastern Asia

In 2020, overseas purchases of peel of citrus fruit or melons decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports contracted to $X in 2020. Overall, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Japan (X tonnes) was the key importer of peel of citrus fruit or melons, creating X% of total imports. South Korea (X tonnes) occupied the second position in the ranking, followed by Taiwan (Chinese) (X tonnes) and China (X tonnes). All these countries together occupied approx. X% share of total imports. The following importers - Hong Kong SAR (X tonnes) and Macao SAR (X tonnes) - each recorded a X% share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of peel of citrus fruit or melons. At the same time, Macao SAR (+X%), Taiwan (Chinese) (+X%), China (+X%), South Korea (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Taiwan (Chinese), South Korea and China increased by +X%, +X% and +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported peel of citrus fruit or melons in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In Japan, citrus fruit or melons peel imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2020, the import price for peel of citrus fruit or melons in Eastern Asia amounted to $X per tonne, rising by X% against the previous year. Import price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, citrus fruit or melons peel import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per tonne), while Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peel of citrus fruit or melons in Eastern Asia?

+

China (80K tonnes) remains the largest citrus fruit or melons peel consuming country in Eastern Asia, accounting for 74% of total volume. Moreover, citrus fruit or melons peel consumption in China exceeded the figures recorded by the second-largest consumer, Japan (15K tonnes), fivefold. The third position in this ranking was occupied by South Korea (6.9K tonnes), with a 6.4% share.

What are the largest producers of peel of citrus fruit or melons in Eastern Asia?

+

The country with the largest volume of citrus fruit or melons peel production was China (82K tonnes), comprising approx. 76% of total volume. Moreover, citrus fruit or melons peel production in China exceeded the figures recorded by the second-largest producer, Japan (14K tonnes), sixfold. South Korea (6.5K tonnes) ranked third in terms of total production with a 6% share.

What are the leading suppliers of peel of citrus fruit or melons in Eastern Asia?

+

In value terms, China ($6.5M) remains the largest citrus fruit or melons peel supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was occupied by Japan ($559K), with a 7.6% share of total exports.

What are the leading importers of peel of citrus fruit or melons in Eastern Asia?

+

In value terms, Japan ($8.9M) constitutes the largest market for imported peel of citrus fruit or melons in Eastern Asia, comprising 80% of total imports. The second position in the ranking was occupied by South Korea ($827K), with a 7.4% share of total imports. It was followed by Taiwan (Chinese), with a 5.7% share.

What is the average export price for peel of citrus fruit or melons in Eastern Asia?

+

The export price for peel of citrus fruit or melons in Eastern Asia stood at $1,994 per tonne in 2020, which is down by -5.3% against the previous year.

What is the average import price for peel of citrus fruit or melons in Eastern Asia?

+

The import price for peel of citrus fruit or melons in Eastern Asia stood at $2,893 per tonne in 2020, increasing by 6.7% against the previous year.