Europe: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Europe

The Europe concentrated grapefruit juice market surged to $X in 2021, picking up by 21% against the previous year. Over the period under review, consumption, however, saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Grapefruit Juice Production in Europe

In value terms, concentrated grapefruit juice production totaled $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports in Europe

In 2021, the amount of concentrated grapefruit juice exported in Europe shrank markedly to X tons, waning by -27.2% on the previous year. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports fell notably to $X in 2021. Overall, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the key exporter of concentrated grapefruit juice in Europe, with the volume of exports finishing at X tons, which was near 80% of total exports in 2021. It was distantly followed by Romania (X tons), constituting a 14% share of total exports. Spain (X tons) followed a long way behind the leaders.

Exports from the Netherlands decreased at an average annual rate of -2.7% from 2012 to 2021. At the same time, Romania (+77.3%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of +77.3% from 2012-2021. By contrast, Spain (-23.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania and the Netherlands increased by +14 and +8.8 percentage points, respectively.

In value terms, the Netherlands ($X) remains the largest concentrated grapefruit juice supplier in Europe, comprising 85% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Spain (-10.4% per year) and Romania (+50.7% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, rising by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2019 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Spain ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+16.6%), while the other leaders experienced mixed trends in the export price figures.

Concentrated Grapefruit Juice Imports

Imports in Europe

For the fifth consecutive year, Europe recorded decline in purchases abroad of concentrated grapefruit juice, which decreased by -14.1% to X tons in 2021. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 8.3%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concentrated grapefruit juice imports reduced dramatically to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 24%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands represented the key importing country with an import of around X tons, which accounted for 28% of total imports. It was distantly followed by Germany (X tons), Bulgaria (X tons), France (X tons), Poland (X tons), Italy (X tons), Russia (X tons) and Spain (X tons), together achieving a 52% share of total imports.

Imports into the Netherlands decreased at an average annual rate of -4.4% from 2012 to 2021. At the same time, Bulgaria (+46.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Europe, with a CAGR of +46.3% from 2012-2021. By contrast, Germany (-1.6%), Spain (-2.0%), Italy (-6.6%), Poland (-8.0%), France (-11.0%) and Russia (-14.2%) illustrated a downward trend over the same period. The Netherlands (+13 p.p.), Bulgaria (+9.4 p.p.), Germany (+7.3 p.p.), Spain (+2.9 p.p.), Italy (+2.3 p.p.) and Poland (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported concentrated grapefruit juice in Europe, comprising 30% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with an 8% share.

In the Netherlands, concentrated grapefruit juice imports decreased by an average annual rate of -2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-2.2% per year) and Italy (-4.3% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, which is down by -2.7% against the previous year. Import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice import price decreased by -10.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 51%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :