Asia-Pacific: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific concentrated pineapple juice market decreased by -22.8% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Concentrated Pineapple Juice Production in Asia-Pacific

In value terms, concentrated pineapple juice production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Concentrated Pineapple Juice Exports

Exports in Asia-Pacific

In 2021, after four years of decline, there was significant growth in overseas shipments of concentrated pineapple juice, when their volume increased by 33% to X tons. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 43%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, concentrated pineapple juice exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines represented the main exporter of concentrated pineapple juice in Asia-Pacific, with the volume of exports accounting for X tons, which was near 72% of total exports in 2021. Thailand (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together held approx. 27% share of total exports.

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 -28.7% from 2012 to 2021, respectively.

In value terms, the Philippines ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

The Philippines, with a CAGR of +11.4%, saw the highest growth rate of the value of exports, among 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-Pacific amounted to $X per ton, with an increase of 4.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 when the export price increased by 43%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: 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-Pacific

Concentrated pineapple juice imports shrank remarkably to X tons in 2021, with a decrease of -18% against the previous year's figure. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 when imports increased by 14%. Over the period under review, imports reached the maximum 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 modestly to $X in 2021. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons) and Australia (X tons) represented roughly 54% of total imports in 2021. Singapore (X tons) held the next position in the ranking, followed by New Zealand (X tons) and South Korea (X tons). All these countries together took approx. 22% share of total imports. China (X tons), Maldives (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Afghanistan (X tons), India (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated pineapple juice importing markets in Asia-Pacific were Japan ($X), Australia ($X) and New Zealand ($X), with a combined 69% share of total imports. These countries were followed by South Korea, Singapore, China, India, Taiwan (Chinese), Vietnam, Thailand, Maldives and Afghanistan, which together accounted for a further 25%.

Vietnam, with a CAGR of +17.2%, recorded the highest growth rate of the value of imports, among 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

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2020 an increase of 20%. The level of import peaked 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 ($X per ton), while Afghanistan ($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 (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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