Scandinavia: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Scandinavia

The Scandinavia concentrated grapefruit juice market expanded significantly to $X in 2021, rising by 7.9% against the previous year. In general, consumption, however, recorded a slight decline. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Production in Scandinavia

In value terms, concentrated grapefruit juice production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports in Scandinavia

In 2021, overseas shipments of concentrated grapefruit juice increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 37%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports rose remarkably to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway was the main exporter of concentrated grapefruit juice in Scandinavia, with the volume of exports recording X tons, which was near 65% of total exports in 2021. It was distantly followed by Denmark (X tons), constituting a 34% share of total exports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +1.4%).

In value terms, Norway ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Denmark, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2017 when the export price increased by 15%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Norway amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.5%).

Concentrated Grapefruit Juice Imports

Imports in Scandinavia

In 2021, approx. X tons of concentrated grapefruit juice were imported in Scandinavia; jumping by 52% against the year before. In general, imports recorded a mild expansion. The pace of growth was the most pronounced in 2020 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports expanded sharply to $X in 2021. Over the period under review, imports recorded modest growth. The growth pace was the most rapid in 2020 with an increase of 124%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X tons) and Sweden (X tons) dominates imports structure, together making up 89% of total imports. It was distantly followed by Finland (X tons), making up a 7.5% share of total imports. Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +16.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Denmark ($X) constitutes the largest market for imported concentrated grapefruit juice in Scandinavia, comprising 65% of total imports. The second position in the ranking was held by Sweden ($X), with a 24% share of total imports. It was followed by Finland, with a 7.9% share.

In Denmark, concentrated grapefruit juice imports increased at an average annual rate of +1.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+16.7% per year) and Finland (-9.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, waning by -25.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 58% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2020, and then declined dramatically 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 Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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