Philippines: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in the Philippines

The Philippine pineapple juice (single strength) market was estimated at $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Pineapple Juice (Single Strength) in the Philippines

In value terms, pineapple juice (single strength) production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Pineapple juice (single strength) production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from the Philippines

In 2022, shipments abroad of pineapple juice (single strength) increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a abrupt decline. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for pineapple juice (single strength) exports from the Philippines, with a X% share of total exports. Moreover, pineapple juice (single strength) exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), fivefold. Japan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Japan (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for pineapple juice (single strength) exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average pineapple juice (single strength) export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pineapple juice (single strength) export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into the Philippines

In 2022, pineapple juice (single strength) imports into the Philippines surged to X tons, jumping by X% compared with the previous year. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pineapple juice (single strength) imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Thailand (X tons) constituted the largest pineapple juice (single strength) supplier to the Philippines, accounting for a X% share of total imports. Moreover, pineapple juice (single strength) imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of pineapple juice (single strength) to the Philippines, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Israel (X% per year).

Import Prices by Country

The average pineapple juice (single strength) import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :