Thailand: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Thailand

In 2021, the Thai concentrated grapefruit juice market decreased by -16.3% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a slight contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Concentrated Grapefruit Juice Production in Thailand

In value terms, concentrated grapefruit juice production soared to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 84%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Concentrated Grapefruit Juice Exports

Exports from Thailand

In 2021, overseas shipments of concentrated grapefruit juice increased by 125% to X tons, rising for the second year in a row after four years of decline. In general, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, concentrated grapefruit juice exports skyrocketed to $X in 2021. Over the period under review, exports showed a notable expansion. The growth pace was the most rapid in 2015 when exports increased by 111% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for concentrated grapefruit juice exports from Thailand, accounting for a 71% share of total exports. Moreover, concentrated grapefruit juice exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Cambodia (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+134.1% per year) and Japan (-6.3% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for concentrated grapefruit juice exports from Thailand, comprising 71% of total exports. The second position in the ranking was held by Cambodia ($X), with a 17% share of total exports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+118.2% per year) and Japan (-4.0% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, which is down by -16.8% against the previous year. Overall, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 85%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($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 (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Thailand

For the fifth consecutive year, Thailand recorded decline in overseas purchases of concentrated grapefruit juice, which decreased by -6.6% to X tons in 2021. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice imports skyrocketed to $X in 2021. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X tons), the United States (X tons) and Vietnam (X tons) were the main suppliers of concentrated grapefruit juice imports to Thailand, together accounting for 99.9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -4.8%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of concentrated grapefruit juice to Thailand, comprising 65% of total imports. The second position in the ranking was held by Israel ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-12.5% per year) and Vietnam (-11.8% per year).

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual 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 the United States ($X per ton), while the price for Israel ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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