Brazilian orange juice exports fell 23.5% in 2nd semester of 2020

Brazilian orange juice exports fell 23.5% in the period from July to December 2020, which corresponds to the first half of the 2020/21 harvest. 497,490 tons of the product were shipped (FCOJ Equivalent to 66º Brix), compared to 650,459 tons in the same period of the previous harvest. The data are from the Foreign Trade Secretariat (SECEX) and compiled by the National Association of Citrus Juice Exporters (CitrusBR).

In sales, exports totaled US$ 680.029 million in the period, 35.9% lower than the revenue of US $ 1.062 billion recorded between July and December 2019. The Executive Director of CitrusBR, Ibiapaba Netto, said in a statement that the main reasons for the decline continue to be the high production of juice in the past harvest and the consequent rebuilding of product inventory.

According to Netto, “in the past harvest, we produced 1.2 million tons of juice, 37.4% above the previous period. This made it possible to replenish the international inventories of Brazilian juice”. As of June 30, 2019, global orange juice inventories held by companies associated with CitrusBR were 253,181 tons. After processing the 2019/20 crop, 36% higher than the previous one, and months of strong shipment pace, these inventories were replenished to 471,138 tons on June 30, 2020.

Netto added that due to the biennial nature of citrus, which alternates years of higher and lower production, this phenomenon is common. In higher crop years, exports are more intense compared to smaller crops in the initial months of each crop year. “This does not mean that exports will be lower this season, but it does indicate, for the time being, a lesser need to transfer the product to points of sale worldwide”, he analyzes.

Consult the chart below to see Brazilian orange juice exports since 2017:

Brazilian Orange Juice Exports (HS 2009.1) | Jan 2017 to Nov 2020 | WTMT

Source: DataLiner (To request a DataLiner demo click here)

At the end of the 2019/20 harvest, on June 30 last year, orange juice stocks in the distribution network of the companies represented by CitrusBR totaled 471,100 tons; a year earlier, the volume had been 253,200 tons.

The European Union, the main destination for Brazilian orange juice sales abroad, imported 317,300 tons, or US$ 464.8 million, in the first six months of the annual season – decreases of 31.5% and 41.6%, respectively.

For the USA, exports reached 99,300 tons, or US$ 145.8 million (down 11.4% and 19.6%), while for Japan, they were 29,700 tons, or US$ 41.2 million (decreases of 18.8% and 38%). For China, sales totaled 24,600 tons, or US$ 28.3 million (decreases of 10.8% and 28.2%).

With information from Valor Econômico

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