Increase in orange juice exports

Shipments grew 17,19% from July to December 2022, a period that marks the first half of the 2022/2023 harvest

18.01.2023 | 14:08 (UTC -3)
Eduardo Savanachi/CitrusBR
Shipments grew 17,19% from July to December 2022, a period that marks the first half of the 2022/2023 harvest
Shipments grew 17,19% from July to December 2022, a period that marks the first half of the 2022/2023 harvest

Total shipments of Brazilian orange juice in the period from July to December, which marks the first six months of the 2022/2023 harvest, closed with a total volume of 586.313 tons (FCOJ Equivalent to 66º Brix). The number represents an increase of 17,19% compared to the same period of the last harvest, when 500.323 tons were exported. In terms of revenue, exports totaled US$ 1,1 billion in the period, a volume 37,73% above the revenue of US$ 803,8 million recorded between July and December 2021. The data was released by the Secretariat of Foreign Trade (Secex ) and compiled by CitrusBR.

According to the executive director of CitrusBR, Ibiapaba Netto, the increase in stocks was expected for several reasons. “The first is that the failure of the previous harvest was significant and there was a lack of product, as we announced in February last year”, he comments. “The second reason is that this supply restriction caused stocks to drop to critical levels, so a movement of juice was expected to replenish the main markets”, he assesses. According to Netto, although the scenario is better than in the previous harvest, the availability of juice remains restricted. “Florida’s harvest is the smallest ever and Brazilian production is on average low, which leads us to a very challenging scenario from the point of view of product supply.”

main destinations

Among the different destinations, Europe continues to be the main market for Brazilian exports, with a share of 57,49%, followed by the United States (30,01%), China (6,83%), Japan (2,39% ), and Australia (1,02%). Other destinations represent 2,26%.

Markets

Exports to Europe totaled 337.044 tons, growth of 6,53% compared to the 2021/2022 harvest. In terms of revenue, shipments totaled US$649 million, 25,89% higher than the US$515,5 million recorded in the same period last harvest.

The United States registered shipments of 175.936 tons of FCOJ Equivalent to 66º Brix, an increase of 66,42% compared to the 105.717 tons exported in the 2021/2022 harvest. In revenue there was growth of 95,43%, with a total of US$ 349,2 million, while in the last harvest the revenue was US$ 78,6 million.

Orange juice exports to Japan registered a drop of 30,72% in the first six months of the 2022/2023 harvest, with a volume of 14.014 tons. In the same period last harvest, shipments were 20.228 tons. Revenue fell 17,08%, with US$ 26,9 million compared to US$ 32,4 million in the last harvest.

In the case of China, imports from July to December of the 2022/2023 harvest totaled 40.042 tons, a volume 3,73% higher than the 38.603 tons recorded in the period in the 2021/2022 harvest. In terms of revenue, values ​​remained practically stable with a slight drop of 0,56%, with US$46 million compared to US$46,2 million invoiced in the previous harvest.

LS Tractor February