Singapore: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Singapore

The Singaporean concentrated pineapple juice market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a deep setback. Concentrated pineapple juice consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Concentrated Pineapple Juice Production in Singapore

In value terms, concentrated pineapple juice production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Concentrated pineapple juice production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Concentrated Pineapple Juice Exports

Exports from Singapore

In 2021, approx. X tons of concentrated pineapple juice were exported from Singapore; picking up by 33% on 2020. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 486%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, concentrated pineapple juice exports surged to $X in 2021. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2019 with an increase of 473%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for concentrated pineapple juice exports from Singapore, with a 84% share of total exports. Moreover, concentrated pineapple juice exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+55.5% per year) and Hong Kong SAR (+45.3% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated pineapple juice exports from Singapore, comprising 89% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.7% share of total exports. It was followed by Indonesia, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+58.2% per year) and Indonesia (+16.9% per year).

Export Prices by Country

In 2021, the average concentrated pineapple juice export price amounted to $X per ton, growing by 3.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 58%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($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 Egypt (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Singapore

In 2021, concentrated pineapple juice imports into Singapore rose sharply to X tons, with an increase of 8.2% against 2020. In general, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2015 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concentrated pineapple juice imports soared to $X in 2021. Over the period under review, total imports indicated modest 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, imports increased by +39.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 70%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and Cyprus (X tons) were the main suppliers of concentrated pineapple juice imports to Singapore, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +101.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated pineapple juice suppliers to Singapore were Indonesia ($X), Malaysia ($X) and the Philippines ($X), with a combined 81% share of total imports.

Malaysia, with a CAGR of +104.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The growth pace was the most rapid in 2020 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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