Asia: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Asia

After two years of growth, the Asian pineapple juice (single strength) market decreased by -1.7% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Pineapple Juice (Single Strength) in Asia

In value terms, pineapple juice (single strength) production reduced slightly to $X in 2021 estimated in export price. Overall, production saw a mild shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Pineapple Juice (Single Strength)

Exports in Asia

In 2021, shipments abroad of pineapple juice (single strength) increased by 3.6% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 60% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 35% 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

Cyprus represented the key exporting country with an export of around X tons, which finished at 40% of total exports. It was distantly followed by Nepal (X tons), Saudi Arabia (X tons), Thailand (X tons), Kuwait (X tons) and Vietnam (X tons), together making up a 45% share of total exports. The following exporters - the United Arab Emirates (X tons) and Turkey (X tons) - each accounted for a 6.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pineapple juice (single strength) exports from Cyprus stood at +14.1%. At the same time, Kuwait (+45.7%), Saudi Arabia (+8.8%), Vietnam (+7.2%) and Nepal (+1.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in Asia, with a CAGR of +45.7% from 2012-2021. By contrast, Turkey (-4.1%), the United Arab Emirates (-5.9%) and Thailand (-15.2%) illustrated a downward trend over the same period. While the share of Cyprus (+34 p.p.), Nepal (+9.2 p.p.), Saudi Arabia (+7.8 p.p.), Kuwait (+5.6 p.p.) and Vietnam (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pineapple juice (single strength) supplying countries in Asia were Cyprus ($X), Nepal ($X) and Saudi Arabia ($X), with a combined 57% share of total exports. Thailand, Vietnam, Kuwait, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 30%.

In terms of the main exporting countries, Kuwait, with a CAGR of +42.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Cyprus ($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 Asia

After two years of growth, overseas purchases of pineapple juice (single strength) decreased by -12.3% to X tons in 2021. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, pineapple juice (single strength) imports shrank to $X in 2021. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 81%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons) and Saudi Arabia (X tons) represented roughly 57% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), comprising a 7.5% share of total imports. The following importers - Japan (X tons), Israel (X tons), Kuwait (X tons), Kazakhstan (X tons), Qatar (X tons), Hong Kong SAR (X tons), Singapore (X tons), South Korea (X tons) and the Philippines (X tons) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +49.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), China ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 63% share of total imports. Japan, Hong Kong SAR, Israel, South Korea, Singapore, Kazakhstan, the Philippines, Kuwait and Qatar lagged somewhat behind, together comprising a further 26%.

In terms of the main importing countries, Qatar, with a CAGR of +30.6%, saw the highest rates of growth with regard to the value of imports, 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 stood at $X per ton in 2021, increasing by 7.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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