U.S.: Canned Pineapple Market 2024

Canned Pineapple Market Size in the U.S.

In 2022, the U.S. canned pineapple market increased by 10% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Canned pineapple consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Canned Pineapple Exports

Exports from the U.S.

In 2022, overseas shipments of canned pineapples increased by 53% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +148.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, canned pineapple exports surged to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +133.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X tons), Mexico (X tons) and Jamaica (X tons) were the main destinations of canned pineapple exports from the United States, with a combined 84% share 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 Jamaica (with a CAGR of +44.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned pineapple exported from the United States were Canada ($X), Mexico ($X) and Jamaica ($X), with a combined 82% share of total exports.

Jamaica, with a CAGR of +45.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, falling by -5.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 16%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

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Canned Pineapple Imports

Imports into the U.S.

In 2022, overseas purchases of canned pineapples increased by 10% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, canned pineapple imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +1.8% 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 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons), the Philippines (X tons) and Indonesia (X tons) were the main suppliers of canned pineapple imports to the United States, with a combined 94% share of total imports. Peru, Vietnam and China lagged somewhat behind, together accounting for a further 4.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +300.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of canned pineapples to the United States, comprising 45% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 22% share of total imports. It was followed by the Philippines, with a 22% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+5.2% per year) and the Philippines (-1.0% per year).

Import Prices by Country

In 2022, the average canned pineapple import price amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 16%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Peru ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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