ASEAN: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in ASEAN

In 2022, after two years of decline, there was significant growth in the ASEAN orange juice (single strength) market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a pronounced reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Orange Juice (Single Strength) in ASEAN

In value terms, orange juice (single strength) production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Orange Juice (Single Strength)

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of orange juice (single strength), when their volume decreased by X% to X tons. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, orange juice (single strength) exports dropped to $X in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand was the major exporter of orange juice (single strength) in ASEAN, with the volume of exports recording X tons, which was near X% of total exports in 2022. Vietnam (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%). The Philippines (X tons) took a minor share of total exports.

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 ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Vietnam increased by X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest orange juice (single strength) supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($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 ASEAN 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 downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure 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 ASEAN

In 2022, approx. X tons of orange juice (single strength) were imported in ASEAN; surging by X% compared with the previous year. Over the period under review, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded 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 lower figure.

In value terms, orange juice (single strength) imports rose markedly to $X in 2022. Overall, imports, however, showed a slight downturn. The pace of growth was the most pronounced in 2014 with an increase of 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 somewhat 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) ranks next in terms of the total imports with an X% share, followed by Cambodia (X%), Myanmar (X%), Indonesia (X%) and Malaysia (X%).

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Singapore, orange juice (single strength) imports shrank by an average annual rate of X% over the period from 2012-2022. 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

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed 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 remained at a somewhat lower figure.

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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