Turkey: Canned Pineapple Market 2024

Canned Pineapple Market Size in Turkey

In 2022, the Turkish canned pineapple market increased by 66% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a pronounced expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Canned Pineapple Exports

Exports from Turkey

In 2022, shipments abroad of canned pineapples was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,975%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, canned pineapple exports soared to $X in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 947% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Liberia (X tons), Marshall Islands (X tons) and Malta (X tons) were the main destinations of canned pineapple exports from Turkey, together comprising 46% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Marshall Islands (with a CAGR of +175.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned pineapple exported from Turkey were Liberia ($X), Marshall Islands ($X) and Malta ($X), together comprising 47% of total exports.

In terms of the main countries of destination, Marshall Islands, with a CAGR of +164.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average canned pineapple export price amounted to $X per ton, rising by 5.3% against the previous year. In general, the export price recorded noticeable growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 119%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahamas ($X per ton) and Greece ($X per ton), while the average price for exports to Singapore ($X per ton) and Hong Kong SAR ($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 Russia (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Pineapple Imports

Imports into Turkey

In 2022, supplies from abroad of canned pineapples increased by 40% to X tons, rising for the third year in a row after two years of decline. In general, imports posted a moderate expansion. The growth pace was the most rapid in 2017 when imports increased by 148%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, canned pineapple imports soared to $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 176%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest canned pineapple supplier to Turkey, with a 83% share of total imports. Moreover, canned pineapple imports from Thailand exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), more than tenfold. The third position in this ranking was held by Vietnam (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+13.1% per year) and Vietnam (+73.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of canned pineapples to Turkey, comprising 80% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 4% share of total imports. It was followed by the Philippines, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (0.0% per year) and the Philippines (+4.6% per year).

Import Prices by Country

In 2022, the average canned pineapple import price amounted to $X per ton, increasing by 22% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 increased by +71.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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