Latin America and the Caribbean: Canned Pineapple Market 2024

Canned Pineapple Market Size in Latin America and the Caribbean

The Latin American canned pineapple market expanded slightly to $X in 2022, growing by 2.6% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Canned Pineapple Production in Latin America and the Caribbean

In value terms, canned pineapple production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Canned Pineapple Exports

Exports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in overseas shipments of canned pineapples, when their volume decreased by -12.9% to X tons. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 293% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, canned pineapple exports shrank significantly to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 324%. The level of export peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Costa Rica represented the main exporter of canned pineapples in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. 43% of total exports in 2022. Guatemala (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Peru (17%), Brazil (11%) and Colombia (5.2%). Bolivia (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to canned pineapple exports from Costa Rica stood at +12.1%. At the same time, Peru (+56.4%), Brazil (+22.5%), Ecuador (+15.9%), Colombia (+8.7%), Bolivia (+8.6%) and Guatemala (+2.4%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +56.4% from 2012-2022. From 2012 to 2022, the share of Peru, Costa Rica and Brazil increased by +16, +11 and +7.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest canned pineapple supplying countries in Latin America and the Caribbean were Costa Rica ($X), Peru ($X) and Guatemala ($X), together comprising 78% of total exports.

Among the main exporting countries, Peru, with a CAGR of +56.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by -3.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 15%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.7%), while the other leaders experienced more modest paces of growth.

Canned Pineapple Imports

Imports in Latin America and the Caribbean

In 2022, the amount of canned pineapples imported in Latin America and the Caribbean expanded markedly to X tons, with an increase of 6.1% against the previous year. Overall, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2017 when imports increased by 41% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, canned pineapple imports rose sharply to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons), Mexico (X tons) and Argentina (X tons) represented the major importer of canned pineapples in Latin America and the Caribbean, constituting 78% of total import. It was distantly followed by Peru (X tons), comprising a 4.6% share of total imports. The following importers - Trinidad and Tobago (X tons), Honduras (X tons) and Panama (X tons) - each resulted at an 8.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +119.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Mexico ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, together comprising 80% of total imports. Peru, Panama, Trinidad and Tobago and Honduras lagged somewhat behind, together accounting for a further 11%.

Panama, with a CAGR of +129.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 8.2% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned pineapple import price increased by +50.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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