Colombia: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Colombia

The Colombian pineapple juice (single strength) market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Pineapple Juice (Single Strength) in Colombia

In value terms, pineapple juice (single strength) production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 69% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Pineapple Juice (Single Strength)

Exports from Colombia

In 2021, the amount of pineapple juice (single strength) exported from Colombia surged to X tons, jumping by 452% against the previous year. Overall, exports, however, continue to indicate a abrupt decrease. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, pineapple juice (single strength) exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Italy (X kg) were the main destinations of pineapple juice (single strength) exports from Colombia, together comprising 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +162.0%), while the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Italy ($X) and France ($X) constituted the largest markets for pineapple juice (single strength) exported from Colombia worldwide, together comprising 66% of total exports.

Among the main countries of destination, France, with a CAGR of +245.8%, 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 trend patterns.

Export Prices by Country

The average pineapple juice (single strength) export price stood at $X per ton in 2021, which is down by -8.6% against the previous year. In general, the export price, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of 117%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 France (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Colombia

In 2021, purchases abroad of pineapple juice (single strength) decreased by -73.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 289%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pineapple juice (single strength) imports dropped markedly to $X in 2021. Over the period under review, imports faced a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 182%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Mexico (X kg) and Austria (X kg) were the main suppliers of pineapple juice (single strength) imports to Colombia, together accounting for 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -15.7%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of pineapple juice (single strength) to Colombia, comprising 50% of total imports. The second position in the ranking was held by Austria ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-23.6% per year) and Mexico (-26.1% per year).

Import Prices by Country

The average pineapple juice (single strength) import price stood at $X per ton in 2021, with an increase of 48% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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