Asia: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Asia

In 2023, the Asian grape juice (single strength) market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Grape Juice (Single Strength) in Asia

In value terms, grape juice (single strength) production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Grape Juice (Single Strength)

Exports in Asia

In 2023, overseas shipments of grape juice (single strength) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, grape juice (single strength) exports expanded sharply to $X in 2023. Overall, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Cyprus (X tons) was the largest exporter of grape juice (single strength), making up X% of total exports. Uzbekistan (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Kuwait (X%). The following exporters - Thailand (X tons), Georgia (X tons) and Vietnam (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to grape juice (single strength) exports from Cyprus stood at X%. At the same time, Kuwait (X%), Thailand (X%), Georgia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Uzbekistan experienced a relatively flat trend pattern. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of Cyprus (X p.p.), Uzbekistan (X p.p.), Kuwait (X p.p.), Thailand (X p.p.) and Georgia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cyprus ($X) remains the largest grape juice (single strength) supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cyprus stood at X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a noticeable contraction. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Georgia (X%), while the other leaders experienced more modest paces of growth.

Imports of Grape Juice (Single Strength)

Imports in Asia

In 2023, the amount of grape juice (single strength) imported in Asia stood at X tons, stabilizing at 2022. Total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, grape juice (single strength) imports declined to $X in 2023. Overall, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Israel (X tons) and China (X tons) represented roughly X% of total imports in 2023. Saudi Arabia (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together held near X% share of total imports. The following importers - Japan (X tons), Kazakhstan (X tons), Indonesia (X tons), Qatar (X tons) and Thailand (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grape juice (single strength) importing markets in Asia were Israel ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

Among the main importing countries, Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform