Australia and Oceania: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Australia and Oceania

In 2022, the concentrated pineapple juice market in Australia and Oceania increased by 14% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, continues to indicate a slight downturn. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Concentrated Pineapple Juice Production in Australia and Oceania

In value terms, concentrated pineapple juice production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports in Australia and Oceania

In 2022, overseas shipments of concentrated pineapple juice were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a mild setback. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, concentrated pineapple juice exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 167% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand was the largest exporting country with an export of about X tons, which finished at 64% of total exports. It was distantly followed by Australia (X tons) and French Polynesia (X tons), together creating a 35% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to concentrated pineapple juice exports from New Zealand stood at -3.0%. At the same time, French Polynesia (+19.8%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +19.8% from 2012-2022. By contrast, Australia (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of French Polynesia increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X), Australia ($X) and French Polynesia ($X) were the countries with the highest levels of exports in 2022, with a combined 98% share of total exports.

Among the main exporting countries, French Polynesia, with a CAGR of +19.7%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, declining by -34.5% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price 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, concentrated pineapple juice export price increased by +15.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 77%. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($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 (+5.8%), while the other leaders experienced a decline in the export price figures.

Concentrated Pineapple Juice Imports

Imports in Australia and Oceania

In 2022, overseas purchases of concentrated pineapple juice increased by 8.4% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 42%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, concentrated pineapple juice imports skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importer of concentrated pineapple juice in Australia and Oceania, with the volume of imports reaching X tons, which was near 68% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting an 18% share of total imports. Guam (X tons), Papua New Guinea (X tons) and Fiji (X tons) held a little share of total imports.

Imports into Australia decreased at an average annual rate of -6.4% from 2012 to 2022. At the same time, New Zealand (+7.8%) and Papua New Guinea (+1.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.8% from 2012-2022. Guam experienced a relatively flat trend pattern. By contrast, Fiji (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported concentrated pineapple juice in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total imports. It was followed by Guam, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -1.7%. In the other countries, the average annual rates were as follows: New Zealand (+10.9% per year) and Guam (+5.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 9.2% against the previous year. Over the period under review, the import price saw a temperate expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by 52%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guam (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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