South-Eastern Asia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in the Southeast Asian orange juice (single strength) market, when its value increased by X% to $X. Overall, consumption, however, continues to indicate a noticeable reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Orange Juice (Single Strength) in South-Eastern Asia

In value terms, orange juice (single strength) production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports in South-Eastern Asia

In 2022, overseas shipments of orange juice (single strength) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, orange juice (single strength) exports shrank to $X in 2022. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the key exporter of orange juice (single strength) in South-Eastern Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Vietnam (X tons) and Singapore (X tons), together comprising a X% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to orange juice (single strength) exports from Thailand stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the Philippines and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest orange juice (single strength) supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Thailand, orange juice (single strength) exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Orange Juice (Single Strength)

Imports in South-Eastern Asia

In 2022, orange juice (single strength) imports in South-Eastern Asia rose to X tons, surging by X% compared with 2021 figures. Over the period under review, imports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, orange juice (single strength) imports expanded notably to $X in 2022. Overall, imports, however, saw a mild slump. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X tons) and Lao People's Democratic Republic (X tons) represented roughly X% of total imports in 2022. The Philippines (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%), Myanmar (X%), Indonesia (X%) and Malaysia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported orange juice (single strength) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total imports. It was followed by the Philippines, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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 Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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