Singapore: Pineapple Market Overview 2021

Pineapple Market Size in Singapore

After three years of growth, the Singaporean pineapple market decreased by -X% to $X in 2019. Over the period under review, consumption, however, showed strong growth. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Pineapple consumption peaked at $X in 2018, and then dropped in the following year.

Pineapple Exports

Exports from Singapore

After two years of growth, overseas shipments of pineapples decreased by -X% to X tonnes in 2019. Overall, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, pineapple exports skyrocketed to $X in 2019. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2016 to 2019, the growth exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tonnes) was the main destination for pineapple exports from Singapore, accounting for a X% share of total exports. Moreover, pineapple exports to Brunei Darussalam exceeded the volume sent to the second major destination, Mauritius (X tonnes), twofold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Brunei Darussalam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+X% per year) and Malaysia (+X% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for pineapple exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Mauritius ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Brunei Darussalam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2019, the average pineapple export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, export price indicated moderate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pineapple export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2009 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced mixed trend patterns.

Pineapple Imports

Imports into Singapore

In 2019, after three years of growth, there was significant decline in purchases abroad of pineapples, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2018, and then declined in the following year.

In value terms, pineapple imports contracted to $X in 2019. In general, total imports indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2018, and then dropped slightly in the following year.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of pineapple to Singapore, with a X% share of total imports. Moreover, pineapple imports from Malaysia exceeded the figures recorded by the second-largest supplier, the Philippines (X tonnes), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia stood at +X%.

In value terms, Malaysia ($X) and the Philippines ($X) were the largest pineapple suppliers to Singapore, together accounting for X% of total imports.

Among the main suppliers, the Philippines saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average pineapple import price stood at $X per tonne in 2019, rising by X% against the previous year. Overall, the import price, however, showed a deep downturn. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Philippines ($X per tonne), while the price for Malaysia amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pineapples in the world?

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The countries with the highest volumes of pineapple consumption in 2019 were Brazil (2.4M tonnes), the Philippines (2.4M tonnes) and Indonesia (2.2M tonnes), together comprising 25% of global consumption. China, India, Nigeria, Thailand, the U.S., Costa Rica, Colombia, Mexico, Angola and Ghana lagged somewhat behind, together comprising a further 46%.

What are the largest producers of pineapples in the world?

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The countries with the highest volumes of pineapple production in 2019 were Costa Rica (3.3M tonnes), the Philippines (2.7M tonnes) and Brazil (2.4M tonnes), with a combined 30% share of global production. Indonesia, China, India, Thailand, Nigeria, Mexico, Colombia, Angola, Ghana and Viet Nam lagged somewhat behind, together comprising a further 47%.

What are the leading suppliers of pineapples to Singapore?

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In value terms, Malaysia ($4.8M) and the Philippines ($2.7M) constituted the largest pineapple suppliers to Singapore, together accounting for 89% of total imports.

What are the leading importers of pineapples from Singapore?

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In value terms, Brunei Darussalam ($39K) remains the key foreign market for pineapple exports from Singapore, comprising 65% of total exports. The second position in the ranking was occupied by Mauritius ($16K), with a 27% share of total exports. It was followed by South Korea, with a 3.9% share.

What is the average export price for pineapples in Singapore?

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The average pineapple export price stood at $1,339 per tonne in 2019, picking up by 32% against the previous year.

What is the average import price for pineapples in Singapore?

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The average pineapple import price stood at $396 per tonne in 2019, rising by 9.3% against the previous year.