Brazil: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Brazil

In 2021, after two years of growth, there was significant decline in the Brazilian concentrated pineapple juice market, when its value decreased by -21.9% to $X. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Concentrated Pineapple Juice Production in Brazil

In value terms, concentrated pineapple juice production dropped remarkably to $X in 2021 estimated in export price. In general, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.7% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 46% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Concentrated Pineapple Juice Exports

Exports from Brazil

In 2021, shipments abroad of concentrated pineapple juice increased by 56% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 246%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, concentrated pineapple juice exports soared to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 371%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for concentrated pineapple juice exports from Brazil, with a 51% share of total exports. Moreover, concentrated pineapple juice exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.7% per year) and Spain (+156.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for concentrated pineapple juice exports from Brazil, comprising 50% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.7% per year) and Spain (+117.0% per year).

Export Prices by Country

In 2021, the average concentrated pineapple juice export price amounted to $X per ton, increasing by 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Brazil

For the third consecutive year, Brazil recorded decline in supplies from abroad of concentrated pineapple juice, which decreased by -83.8% to X tons in 2021. Overall, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2015 with an increase of 65% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, concentrated pineapple juice imports declined sharply to $X in 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of concentrated pineapple juice to Brazil, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Argentina totaled -24.1%.

In value terms, Argentina ($X) constituted the largest supplier of concentrated pineapple juice to Brazil.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at -16.3%.

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, with an increase of 83% against the previous year. In general, the import price showed a temperate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +10.3% per year.

Source: IndexBox Platform

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