Singapore: Canned Pineapple Market 2024

Canned Pineapple Market Size in Singapore

The Singaporean canned pineapple market declined to $X in 2022, shrinking by -3.7% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Canned Pineapple Production in Singapore

In value terms, canned pineapple production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Canned Pineapple Exports

Exports from Singapore

In 2022, exports of canned pineapples from Singapore contracted to X tons, falling by -9.8% against 2021 figures. Overall, exports showed a pronounced slump. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, canned pineapple exports declined to $X in 2022. Over the period under review, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2014 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for canned pineapple exports from Singapore, accounting for a 52% share of total exports. Moreover, canned pineapple exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.1% per year) and Japan (+0.9% per year).

In value terms, the United States ($X) remains the key foreign market for canned pineapples exports from Singapore, comprising 51% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports. It was followed by Germany, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.7% per year) and Germany (+10.6% per year).

Export Prices by Country

The average canned pineapple export price stood at $X per ton in 2022, falling by -3.7% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of 49%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the UK ($X per ton), while the average price for exports to Germany ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Pineapple Imports

Imports into Singapore

In 2022, approx. X tons of canned pineapples were imported into Singapore; shrinking by -6.7% compared with 2021 figures. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 17%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, canned pineapple imports dropped to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of canned pineapple to Singapore, with a 83% share of total imports. Moreover, canned pineapple imports from Indonesia exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+21.7% per year) and Malaysia (-1.8% per year).

In value terms, Indonesia ($X) constituted the largest supplier of canned pineapples to Singapore, comprising 76% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 9.6% share of total imports. It was followed by Malaysia, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+20.8% per year) and Malaysia (-2.2% per year).

Import Prices by Country

The average canned pineapple import price stood at $X per ton in 2022, which is down by -6.6% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 decreased by -7.1% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 the Philippines ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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