ASEAN: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in ASEAN

In 2021, the ASEAN pineapple juice (single strength) market decreased by -1.2% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Pineapple Juice (Single Strength) in ASEAN

In value terms, pineapple juice (single strength) production shrank modestly to $X in 2021 estimated in export price. Overall, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 23% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Pineapple Juice (Single Strength)

Exports in ASEAN

In 2021, exports of pineapple juice (single strength) in ASEAN dropped markedly to X tons, which is down by -17.7% compared with the previous year. Overall, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 85%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pineapple juice (single strength) exports expanded rapidly to $X in 2021. Over the period under review, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) and Vietnam (X tons) were the major exporters of pineapple juice (single strength) in ASEAN, together creating 69% of total exports. It was distantly followed by Malaysia (X tons), the Philippines (X tons) and Indonesia (X tons), together making up a 30% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +7.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 88% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, growing by 30% against the previous year. Overall, the export price, however, saw a mild slump. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.8%), while the other leaders experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports in ASEAN

After four years of decline, purchases abroad of pineapple juice (single strength) increased by 21% to X tons in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 36% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pineapple juice (single strength) imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Singapore (X tons) and the Philippines (X tons) were the major importers of pineapple juice (single strength) in ASEAN, together reaching near 50% of total imports. Malaysia (X tons) ranks next in terms of the total imports with a 12% share, followed by Vietnam (11%), Cambodia (9.7%), Brunei Darussalam (5.6%), Myanmar (5.4%) and Thailand (4.6%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +82.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pineapple juice (single strength) importing markets in ASEAN were Singapore ($X), the Philippines ($X) and Vietnam ($X), together comprising 73% of total imports. These countries were followed by Malaysia, Cambodia, Thailand, Brunei Darussalam and Myanmar, which together accounted for a further 24%.

Thailand, with a CAGR of +61.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, jumping by 22% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform