Global Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size

In 2022, the global concentrated pineapple juice market increased by 5.3% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Concentrated Pineapple Juice Production

In value terms, concentrated pineapple juice production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 37% against the previous year. Global production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Concentrated Pineapple Juice Exports

Exports

In 2022, shipments abroad of concentrated pineapple juice increased by 5.1% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, concentrated pineapple juice exports totaled $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +80.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The Philippines represented the major exporting country with an export of about X tons, which resulted at 47% of total exports. It was distantly followed by Thailand (X tons), the Netherlands (X tons), Costa Rica (X tons) and Indonesia (X tons), together achieving a 36% share of total exports. The following exporters - Kenya (X tons) and South Africa (X tons) - together made up 7.3% of total exports.

Exports from the Philippines increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Kenya (+10.3%), South Africa (+5.4%), Indonesia (+2.8%) and Costa Rica (+1.2%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.3% from 2012-2022. By contrast, the Netherlands (-2.3%) and Thailand (-7.3%) illustrated a downward trend over the same period. While the share of the Philippines (+18 p.p.) and Kenya (+2.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (-3.7 p.p.) and Thailand (-17.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concentrated pineapple juice supplying countries worldwide were the Philippines ($X), Thailand ($X) and the Netherlands ($X), together comprising 62% of global exports.

Among the main exporting countries, the Philippines, with a CAGR of +9.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average concentrated pineapple juice export price amounted to $X per ton, surging by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the other global leaders experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports

In 2022, purchases abroad of concentrated pineapple juice decreased by -2.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 11%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, concentrated pineapple juice imports amounted to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Over the period under review, global imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) and the Netherlands (X tons) were the key importers of concentrated pineapple juicearound the world, together creating 36% of total imports. Spain (X tons) took the next position in the ranking, followed by Germany (X tons). All these countries together held approx. 13% share of total imports. France (X tons), Italy (X tons), the UK (X tons), Russia (X tons), Canada (X tons), Japan (X tons), Austria (X tons), Australia (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Austria (with a CAGR of +5.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest concentrated pineapple juice importing markets worldwide were the Netherlands ($X), the United States ($X) and Spain ($X), with a combined 42% share of global imports. Italy, France, Germany, the UK, Austria, Japan, Canada, Russia, Australia and the United Arab Emirates lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, Austria, with a CAGR of +8.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average concentrated pineapple juice import price stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concentrated pineapple juice import price increased by +76.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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