Bangladesh: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Bangladesh

The Bangladeshi pineapple juice (single strength) market expanded notably to $X in 2021, rising by 6.6% against the previous year. In general, consumption, however, continues to indicate a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Pineapple Juice (Single Strength) in Bangladesh

In value terms, pineapple juice (single strength) production rose significantly to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. Pineapple juice (single strength) production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from Bangladesh

In 2021, the amount of pineapple juice (single strength) exported from Bangladesh reduced markedly to X tons, shrinking by -72.1% compared with 2020 figures. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 86,831%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports dropped dramatically to $X in 2021. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 47,330% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sierra Leone (X kg) was the main destination for pineapple juice (single strength) exports from Bangladesh, with a 48% share of total exports. Moreover, pineapple juice (single strength) exports to Sierra Leone exceeded the volume sent to the second major destination, Singapore (X kg), twofold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume to Sierra Leone totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+60.5% per year) and the United Arab Emirates (+33.2% per year).

In value terms, Sierra Leone ($X) remains the key foreign market for pineapple juice (single strength) exports from Bangladesh, comprising 58% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 26% share of total exports. It was followed by Singapore, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sierra Leone stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+47.0% per year) and Singapore (+67.4% per year).

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, increasing by 34% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Bangladesh

After four years of decline, overseas purchases of pineapple juice (single strength) increased by 79% to X tons in 2021. Over the period under review, imports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2015 when imports increased by 313%. 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, pineapple juice (single strength) imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 609%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Cyprus (X tons) constituted the largest pineapple juice (single strength) supplier to Bangladesh, with a 35% share of total imports. Moreover, pineapple juice (single strength) imports from Cyprus exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Cyprus totaled -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+3.1% per year) and Thailand (-12.7% per year).

In value terms, Cyprus ($X) constituted the largest supplier of pineapple juice (single strength) to Bangladesh, comprising 29% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports. It was followed by South Africa, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Cyprus amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.2% per year) and South Africa (+2.8% per year).

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, which is down by -6.7% against the previous year. Over the period under review, the import price, however, enjoyed perceptible growth. The growth pace was the most rapid in 2016 when the average import price increased by 382%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+522.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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