Global Orange Market 2023

Orange Market Size

After two years of growth, the global orange market decreased by -2.8% to $X in 2021. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2020, and then contracted slightly in the following year.

Orange Production

In value terms, orange production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Global production peaked at $X in 2020, and then contracted in the following year.

The countries with the highest volumes of production in 2021 were Brazil (X tons), India (X tons) and China (X tons), with a combined 45% share of global production.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +9.3%), while production for the other global leaders experienced more modest paces of growth.

The global average orange yield totaled X tons per ha in 2021, approximately reflecting the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 2.7% against the previous year. The global yield peaked at X tons per ha in 2019; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of oranges production worldwide reached X ha, flattening at the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 4.1% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2021, the growth of the global orange harvested area remained at a somewhat lower figure.

Orange Exports

Exports

Global orange exports declined modestly to X tons in 2021, which is down by -4.4% on 2020 figures. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 6% against the previous year. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, orange exports declined slightly to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

Spain (X tons) and South Africa (X tons) represented roughly 49% of total exports in 2021. The United States (X tons) ranks next in terms of the total exports with an 8.2% share, followed by the Netherlands (6.4%), Greece (5.8%) and Turkey (4.5%). The following exporters - India (X tons), Italy (X tons), Portugal (X tons), Chile (X tons), China (X tons), Morocco (X tons) and Hong Kong SAR (X tons) - each reached a 14% share of total exports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +20.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($X), South Africa ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 61% share of global exports. These countries were followed by the Netherlands, Greece, China, Italy, Chile, Turkey, Portugal, Hong Kong SAR, Morocco and India, which together accounted for a further 30%.

Among the main exporting countries, India, with a CAGR of +16.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average orange export price amounted to $X per ton, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average export price increased by 16% against the previous year. The global export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while India ($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 (+8.7%), while the other global leaders experienced more modest paces of growth.

Orange Imports

Imports

In 2021, approx. X tons of oranges were imported worldwide; reducing by -1.9% compared with 2020. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 8%. Over the period under review, global imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, orange imports contracted to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

The countries with the highest levels of orange imports in 2021 were the Netherlands (X tons), Germany (X tons), France (X tons), Russia (X tons) and Saudi Arabia (X tons), together finishing at 34% of total import. The following importers - China (X tons), the UK (X tons), Bangladesh (X tons), the United States (X tons), Hong Kong SAR (X tons), Canada (X tons), Spain (X tons) and Poland (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +14.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest orange importing markets worldwide were Germany ($X), the Netherlands ($X) and France ($X), with a combined 24% share of global imports. These countries were followed by Russia, China, Hong Kong SAR, Saudi Arabia, the UK, the United States, Canada, Spain, Poland and Bangladesh, which together accounted for a further 36%.

In terms of the main importing countries, Bangladesh, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average orange import price amounted to $X per ton, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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