Oranges Prices

Oranges Prices Q4 2023

In the fourth quarter of 2023, the price of oranges in the United States reached 1147 USD/MT by December. Similarly, in China, the oranges prices hit 988 USD/MT in the same month. Germany also witnessed oranges prices reaching 1342 USD/MT during Q4 2023.

Oranges Price Trend, Market Analysis, and News

IMARC's latest publication, “Oranges Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the oranges market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of oranges at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed oranges price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting oranges pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Oranges Market Analysis

The global oranges market size reached 48.82 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 59.9 Million Tons, at a projected CAGR of 2.30% during 2023-2032.

• The oranges market has significantly benefited from increased consumer awareness about the product’s positive effects on their health. Oranges are recognized for having large quantities of vitamin C which is essential in boosting immunity and wellbeing. For instance, the U.S. Department of Agriculture (USDA) reported that including oranges in the daily diet helps in fulfilling the recommended nutrient intake, hence improving health. In particular, the consumer trend in orange elevation emerges in the context of natural benefits and positioning in the healthy-eating preference system. This has created a demand across all ages from the health freaks to the family that is looking for healthier foods to take. The identification of oranges in the functional food category has increased their utilization in juices, snack items, and food preparations thereby helping in the growth of the market.
• Oranges as a product depend on intercontinental trade and affect supply systems and market patterns. As reported by the European Commission, Europe is a significant importer of oranges with Spain and Morocco being amongst its leading sources. The flow of oranges and the prices depend on trade agreements and political relations and tariffs between countries. Fluctuations in the import and market fortunes are associated with the mentioned trade policies regarding domestic consumption and distribution channels. It becomes apparent that the trade relations between and within the global citrus production centers affect the overall competitiveness and the price of the oranges which are reflected in the market, including the European market, based on the global trade relations.
• Climate conditions and production trends can be considered the driving forces that affect the oranges market. The Food and Agriculture Organization (FAO) reported that weather conditions such as frost, drought, or hurricanes can greatly affect citrus production worldwide. These climatic events work on the production level in core citrus-producing areas of the world which in turn impacted the supply chain and the market trends. Adverse effects that may be brought about by climate variations in the production cycles may affect the orange market within the domestic and export markets. Technological advancement in irrigation and crops, eco-friendly farming, and climate-smart farming are now mandatory, which help in managing climate challenges to have steady Citrus Production. The threat arising from climate change impacts on the oranges market is good evidence showing that appropriate measures should be taken to ensure that the market remains protected in as much as the hopes of supplying the global market are upheld.

Oranges News

The report covers the latest developments, updates, and trends impacting the price of oranges, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the oranges price trend.

Latest developments in the oranges industry:

• In April 2024, total orange production for the 2023-2024 crop season reached 307.22 million boxes. This figure reflects the culmination of agricultural efforts and weather conditions influencing citrus yields during the season. The production volume has implications for market supply and pricing dynamics, impacting domestic consumption and international trade in orange products.
• In May 2024, Orange juice prices skyrocketed, pushing some producers to explore alternative fruits for juice production. As a result, manufacturers are evaluating options such as grapefruit, tangerines, or blends to mitigate cost pressures and maintain product availability.

Product Description

Oranges are fruits from the citrus fruit family regarded for their quality, great sources of vitamins, and functionality in the kitchen. Scientifically known as Citrus × sinensis of the Rutaceae family, oranges come in round to oval shapes, with thick skin, which ranges in color from bright orange to deep red-orange. It is rich in vitamin C which assists in the enhancement of immunity and serves as a cofactor in the process of absorbing iron. Like with other fruits, oranges contain potassium, folate, and antioxidants thus helping to fulfill the body’s nutritional needs.

Farmed mostly in the subtropical as well as tropical regions in different parts of the globe, the major producers of orange are Brazil, the United States, and China. These fruits ripen on the tree thus they are picked when they are ripe to serve the purpose of fresh fruits, fruit juices, and in food preparations. They are often used in dressing, sauces, preserves and salads, fruits, desserts, marinades, and even in beverages.

Oranges have other uses apart from being sources of vitamins and being delicious; oranges are symbolic fruits in many cultures; they convey freshness and health. Since oranges are often available all through the year and are sources of vitamin C, they find extensive applications in diets meant to build or sustain the body’s immune systems.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the oranges price trend. 

Global Oranges Price

The report offers a holistic view of the global oranges pricing trends in the form of oranges price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of oranges, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed oranges demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Oranges Price

European oranges prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for oranges can also be provided for an extensive list of European countries.

North America Oranges Price

The analysis of oranges prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific oranges historical data within the United States and Canada can also be provided.

Middle East and Africa Oranges Price

The report explores the oranges pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Oranges Price

The oranges pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This oranges price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Oranges Price

The analysis of oranges prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of oranges pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting oranges price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The oranges price charts ensure our clients remain at the forefront of the industry.