Asia: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Asia

In 2021, the Asian concentrated pineapple juice market decreased by -23% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Concentrated Pineapple Juice Production in Asia

In value terms, concentrated pineapple juice production contracted to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports in Asia

In 2021, shipments abroad of concentrated pineapple juice increased by 34% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 42%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, concentrated pineapple juice exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Philippines (X tons) was the largest exporter of concentrated pineapple juice, making up 70% of total exports. Thailand (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (8.8%).

The Philippines was also the fastest-growing in terms of the concentrated pineapple juice exports, with a CAGR of +5.8% from 2012 to 2021. At the same time, Indonesia (+2.7%) displayed positive paces of growth. By contrast, Thailand (-9.7%) illustrated a downward trend over the same period. The Philippines (+27 p.p.) and Indonesia (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -27.9% from 2012 to 2021, respectively.

In value terms, the largest concentrated pineapple juice supplying countries in Asia were the Philippines ($X), Thailand ($X) and Indonesia ($X), with a combined 95% share of total exports.

The Philippines, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2015 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.3%), while the other leaders experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports in Asia

For the third consecutive year, Asia recorded decline in overseas purchases of concentrated pineapple juice, which decreased by -11.3% to X tons in 2021. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 when imports increased by 19%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated pineapple juice imports contracted to $X in 2021. In general, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), distantly followed by the United Arab Emirates (X tons), Israel (X tons), Iran (X tons), Saudi Arabia (X tons) and Singapore (X tons) represented the largest importers of concentrated pineapple juice, together generating 63% of total imports. The following importers - South Korea (X tons), Cyprus (X tons), Qatar (X tons), Kuwait (X tons), Oman (X tons), China (X tons) and Kazakhstan (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported concentrated pineapple juice in Asia, comprising 26% of total imports. The second position in the ranking was held by Iran ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at -3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-0.5% per year) and the United Arab Emirates (+1.5% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 24%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Oman ($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 (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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