The average price of Chinese apple juice in the US dropped by 6% in the past six months (Jun-Nov 19), compared to the previous six-month average (Dec 18-May 19), driven by expectations of a rebound in Chinese apple production in 2019/20. As a result, the Chinese apple juice supplies in 2019/20 are anticipated to reach 500,000-600,000 tonnes, an approximate increase of 49% y-o-y.
The average six-month price of EU apple juice (Jun-Nov19) increased by 6.4%, compared to the previous six-month average (Dec18-May19) as a result of lower apple production in Poland and thus lesser availability of apples for processing. Poland’s 2019/20 apple production is expected to reach 2.7m tonnes, down 27% y-o-y as a result of frosts and dry weather, driving the Polish apple juice production estimate to 225,000 tonnes, down 49% y-o-y.
From economical to political, all the factors impacting the apple juice market have been analysed to provide a market outlook for the next six months. Mintec’s market outlooks (schedule) provide insights on factors shaping the market dynamics of various commodities, providing the opportunity for market participants to stay ahead of factors that will impact procurement decisions.