Japan: Market for Grapefruit Juice (Single Strength) 2022

Market Size for Grapefruit Juice (Single Strength) in Japan

The Japanese grapefruit juice (single strength) market contracted sharply to $X in 2021, shrinking by -62.1% 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). Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Grapefruit Juice (Single Strength)

Exports from Japan

In 2021, after two years of growth, there was significant decline in shipments abroad of grapefruit juice (single strength), when their volume decreased by -14.4% to X tons. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 289%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, grapefruit juice (single strength) exports soared to $X in 2021. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 232% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of grapefruit juice (single strength) exports from Japan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +149.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for grapefruit juice (single strength) exports from Japan, comprising 71% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +184.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+40.8% per year) and Hong Kong SAR (+17.4% per year).

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, jumping by 68% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Hong Kong SAR ($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 China (+14.3%), while the prices for the other major destinations experienced a decline.

Imports of Grapefruit Juice (Single Strength)

Imports into Japan

In 2021, grapefruit juice (single strength) imports into Japan contracted rapidly to X tons, waning by -64.7% compared with 2020. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, grapefruit juice (single strength) imports reduced sharply to $X in 2021. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2016 with an increase of 60%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), Italy (X tons) and Hong Kong SAR (X tons) were the main suppliers of grapefruit juice (single strength) imports to Japan, together comprising 55% of total imports. Spain, Austria, the United States, Cyprus, Belize and South Africa lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were in Cyprus (with a CAGR of +51.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grapefruit juice (single strength) suppliers to Japan were Australia ($X), Italy ($X) and Hong Kong SAR ($X), with a combined 67% share of total imports. The United States, Austria, Spain, Cyprus, Belize and South Africa lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Cyprus, with a CAGR of +57.3%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2016 an increase of 24% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Belize ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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