Malaysia: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Malaysia

The Malaysian concentrated grapefruit juice market shrank dramatically to $X in 2021, which is down by -49.4% against the previous year. In general, consumption continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Grapefruit Juice Production in Malaysia

In value terms, concentrated grapefruit juice production rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable contraction. The growth pace was the most rapid in 2019 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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Concentrated Grapefruit Juice Exports

Exports from Malaysia

In 2021, approx. X tons of concentrated grapefruit juice were exported from Malaysia; growing by 371% against 2020. Over the period under review, exports, however, showed a abrupt decline. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mauritius (X tons), Singapore (X tons) and Brunei Darussalam (X tons) were the main destinations of concentrated grapefruit juice exports from Malaysia, with a combined 73% share of total exports. These countries were followed by Hong Kong SAR and Fiji, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +201.4%), while the other leaders experienced a decline.

In value terms, Singapore ($X) emerged as the key foreign market for concentrated grapefruit juice exports from Malaysia, comprising 44% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 20% share of total exports. It was followed by Mauritius, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+290.8% per year) and Mauritius (-13.9% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, surging by 104% against the previous year. In general, the export price enjoyed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Fiji ($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 Hong Kong SAR (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Malaysia

In 2021, overseas purchases of concentrated grapefruit juice decreased by -72.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 419% 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, concentrated grapefruit juice imports dropped significantly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 391%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of concentrated grapefruit juice to Malaysia, with a 86% share of total imports. Moreover, concentrated grapefruit juice imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Cyprus (X kg) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+205.6% per year) and Cyprus (-14.1% per year).

In value terms, Australia ($X) constituted the largest supplier of concentrated grapefruit juice to Malaysia, comprising 80% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+202.3% per year) and South Korea (-14.9% per year).

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, rising by 23% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 147%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+113.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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