Orange prices experienced significant fluctuations in 2024, and several factors are influencing predictions for 2025. Factors like weather conditions, diseases (such as citrus greening), and harvest yields play crucial roles in determining supply. Strong demand, especially from the orange juice industry, can drive prices up, particularly when supply is limited.
During the last year, the major orange producers such as Brazil and Florida had extreme weather conditions, that took a significant impact on yield reduction. Dry conditions and high temperatures, (particularly in major orange-producing regions like Brazil), significantly impacted crop development and reduced yields. Diseases, citrus greening also continues to be a major challenge, impacting orange production in many areas and contributing to reduced supply.
In essence, while 2024 saw record highs in some areas, predictions for 2025 suggest a potential stabilization, though ongoing factors like weather and disease will continue to play a significant role. According to the Business Research Company https://www.thebusinessresearchcompany.com/report/orange-global-market-report in their report:
It will grow from $3.64 billion in 2024 to $3.87 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing global demand for vitamin C-rich fruits, the expansion of citrus farming in suitable climates, the growing popularity of orange juice as a breakfast staple, and the growth of citrus-related industries such as essential oils and fragrances, growing demand for processed orange products.
Here are some of the top orange-producing countries: Brazil, China, European Union (Spain mostly), Mexico, Egypt, United States (Florida and California mostly), South Africa, Vietnam, Morocco..
ORANGES IN TROPICAL ISLANDS – Also, as tropical-subtropical fruit, many island countries, particularly in the Caribbean also grow oranges pretty much as well. While perhaps not always in the top-tier of overall global production compared to giants like Brazil or China, the Caribbean region does have a significant history and presence in citrus, including orange, production. Countries like Belize and Jamaica, among others, have active citrus production. The tropical climate of the Caribbean provides favorable growing conditions, however, factors like hurricanes, disease, and economic considerations can significantly affect production levels.
Also, oranges are important to other island nations worldwide as well. Indonesia is a very large island nation that produces a substantial amount of oranges. Oranges are also grown in the South Pacific (large-scale commercial export might not be as prevalent as in other regions), mostly in Australia, Tonga, Samoa…
More about this matter can be read here:
https://www.linkedin.com/news/story/orange-juice-hits-record-price-6303601/
