Thailand: Canned Pineapple Market 2024

Canned Pineapple Market Size in Thailand

In 2022, the Thai canned pineapple market decreased by -11.5% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, continues to indicate a resilient increase. Canned pineapple consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Canned Pineapple Production in Thailand

In value terms, canned pineapple production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 23% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Canned Pineapple Exports

Exports from Thailand

In 2022, shipments abroad of canned pineapples increased by 7% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, canned pineapple exports rose slightly to $X in 2022. In general, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. 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 Thailand, with a 34% share of total exports. Moreover, canned pineapple exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+2.5% per year) and Germany (-5.8% per year).

In value terms, the United States ($X) remains the key foreign market for canned pineapples exports from Thailand, comprising 37% of total exports. The second position in the ranking was held by Russia ($X), with a 7% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.7% per year) and Germany (-3.4% per year).

Export Prices by Country

In 2022, the average canned pineapple export price amounted to $X per ton, waning by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the United States ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Poland ($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 Saudi Arabia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Pineapple Imports

Imports into Thailand

Canned pineapple imports into Thailand soared to X tons in 2022, jumping by 16% on the previous year's figure. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 2,876%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, canned pineapple imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,245% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X kg), the Philippines (X kg) and France (X kg) were the main suppliers of canned pineapple imports to Thailand, together comprising 0.5% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +73.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned pineapple suppliers to Thailand were Vietnam ($X), France ($X) and China ($X), with a combined 1.5% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +75.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average canned pineapple import price amounted to $X per ton, with an increase of 3.9% against the previous year. In general, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 271% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average 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 China ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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