Singapore: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Singapore

In 2021, the Singaporean concentrated grapefruit juice market decreased by -13.3% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed a prominent increase. Concentrated grapefruit juice consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Production in Singapore

In value terms, concentrated grapefruit juice production declined to $X in 2021 estimated in export price. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Concentrated grapefruit juice production peaked at $X in 2020, and then declined in the following year.

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Concentrated Grapefruit Juice Exports

Exports from Singapore

In 2021, after four years of decline, there was significant growth in shipments abroad of concentrated grapefruit juice, when their volume increased by 48% to X tons. Over the period under review, exports, however, showed a precipitous decrease. The most prominent rate of growth was recorded in 2013 with an increase of 121%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports fell to $X in 2021. In general, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 35% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Brunei Darussalam (X tons) and New Caledonia (X tons) were the main destinations of concentrated grapefruit juice exports from Singapore, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were in New Caledonia (with a CAGR of +7.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) remains the key foreign market for concentrated grapefruit juice exports from Singapore, comprising 78% of total exports. The second position in the ranking was held by New Caledonia ($X), with a 13% share of total exports. It was followed by Malaysia, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+14.8% per year) and Malaysia (-13.8% per year).

Export Prices by Country

The average concentrated grapefruit juice export price stood at $X per ton in 2021, which is down by -37.5% against the previous year. In general, the export price, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 52%. The export price peaked at $X per ton in 2020, and then reduced markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Brunei Darussalam ($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 Oman (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Singapore

In 2021, supplies from abroad of concentrated grapefruit juice decreased by -25.8% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 442%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports dropped to $X in 2021. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 322%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest concentrated grapefruit juice supplier to Singapore, accounting for a 72% share of total imports. Moreover, concentrated grapefruit juice imports from the United States exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+37.2% per year) and China (+54.9% per year).

In value terms, the United States ($X) constituted the largest supplier of concentrated grapefruit juice to Singapore, comprising 74% of total imports. The second position in the ranking was taken by Japan ($X), with a 10% share of total imports. It was followed by Cyprus, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+44.4% per year) and Cyprus (+16.0% per year).

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, surging by 18% against the previous year. Overall, the import price, however, recorded a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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