GCC: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in GCC

The GCC orange juice (single strength) market declined notably to $X in 2022, which is down by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in GCC

In value terms, orange juice (single strength) production stood at $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports in GCC

In 2022, shipments abroad of orange juice (single strength) increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, orange juice (single strength) exports rose rapidly to $X in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total exports. Bahrain (X tons) and Kuwait (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest orange juice (single strength) supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Bahrain ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Orange Juice (Single Strength)

Imports in GCC

In 2022, after two years of growth, there was significant decline in supplies from abroad of orange juice (single strength), when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, orange juice (single strength) imports fell to $X in 2022. In general, imports, however, posted temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Oman was the major importing country with an import of about X tons, which accounted for X% of total imports. Kuwait (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). Bahrain (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the orange juice (single strength) imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. By contrast, Bahrain (X%) illustrated a downward trend over the same period. Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported orange juice (single strength) in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

In Oman, orange juice (single strength) imports 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: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a mild expansion. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bahrain ($X per ton) and Oman ($X per ton), while the United Arab Emirates ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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