Updated Nov 6, 2022 23:23

Market for Citrus Fruit Or Melons Peel in Japan

Market Overview
In , the Japanese market for peel of citrus fruit or melons decreased by -% to $ for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw pronounced growth. Over the period under review, the market reached the peak level at $ in , and then shrank slightly in the following year.

In value terms, citrus fruit or melons peel production contracted modestly to $ in estimated in export price. In general, production enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production attained the peak level at $ in , and then contracted in the following year.


Consumption
Citrus fruit or melons peel consumption in Japan amounted to tons in , flattening at . In general, the total consumption indicated a temperate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. As a result, consumption reached the peak volume of tons. From to , the growth of the consumption remained at a lower figure.

The revenue of the market for peel of citrus fruit or melons in Japan rose to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted tangible growth. Citrus fruit or melons peel consumption peaked in and is likely to see steady growth in years to come.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in Japan, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total citrus fruit or melons peel consumption in Japan was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Japan citrus fruit or melons peel market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Japan remains a net importer of citrus fruit or melons peel; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.