Costa Rica: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Costa Rica

The Costa Rican concentrated pineapple juice market declined modestly to $X in 2022, stabilizing at the previous year. In general, consumption continues to indicate mild growth. Concentrated pineapple juice consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Concentrated Pineapple Juice Production in Costa Rica

In value terms, concentrated pineapple juice production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Concentrated Pineapple Juice Exports

Exports from Costa Rica

In 2022, approx. X tons of concentrated pineapple juice were exported from Costa Rica; remaining constant against 2021 figures. Over the period under review, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 75%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, concentrated pineapple juice exports shrank modestly to $X in 2022. Overall, exports saw a tangible increase. The pace of growth appeared the most rapid in 2015 with an increase of 101% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Spain (X tons) were the main destinations of concentrated pineapple juice exports from Costa Rica, together comprising 84% of total exports. Japan, Canada, Mexico and Belgium lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +24.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Spain ($X) were the largest markets for concentrated pineapple juice exported from Costa Rica worldwide, together accounting for 79% of total exports. Japan, Mexico, Canada and Belgium lagged somewhat behind, together accounting for a further 8.7%.

In terms of the main countries of destination, Canada, with a CAGR of +28.9%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average concentrated pineapple juice export price amounted to $X per ton, dropping by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Costa Rica

In 2022, overseas purchases of concentrated pineapple juice increased by 4.1% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2017 when imports increased by 277% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, concentrated pineapple juice imports expanded to $X in 2022. Overall, imports recorded a modest increase. The pace of growth appeared the most rapid in 2017 with an increase of 249% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X kg) constituted the largest concentrated pineapple juice supplier to Costa Rica, accounting for a 0.1% share of total imports. Moreover, concentrated pineapple juice imports from Mexico exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at -43.7%.

In value terms, Mexico ($X) constituted the largest supplier of concentrated pineapple juice to Costa Rica, comprising 4.1% of total imports. The second position in the ranking was taken by the UK ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at -17.3%.

Import Prices by Country

In 2022, the average concentrated pineapple juice import price amounted to $X per ton, which is down by -1.9% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 import price increased by +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 118% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+59.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform