Eastern Asia: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Eastern Asia

In 2021, the East Asian pineapple juice (single strength) market decreased by -2.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Pineapple Juice (Single Strength) in Eastern Asia

In value terms, pineapple juice (single strength) production reduced modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 96% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports in Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of pineapple juice (single strength), when their volume increased by 112% to X tons. In general, exports, however, showed a deep setback. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, pineapple juice (single strength) exports soared to $X in 2021. Over the period under review, exports, however, saw a pronounced reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Hong Kong SAR (X tons) represented the key exporter of pineapple juice (single strength), achieving 71% of total exports. China (X tons) ranks second in terms of the total exports with a 14% share, followed by South Korea (10%). Japan (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from Hong Kong SAR increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, China (+80.6%), Taiwan (Chinese) (+15.2%) and Japan (+7.9%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +80.6% from 2012-2021. By contrast, South Korea (-22.4%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+33 p.p.), China (+14 p.p.), Japan (+2 p.p.) and Taiwan (Chinese) (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-50.7 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, together comprising 85% of total exports.

China, with a CAGR of +82.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Eastern Asia amounted to $X per ton, rising by 4.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.5%), while the other leaders experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports in Eastern Asia

In 2021, after seven years of growth, there was significant decline in supplies from abroad of pineapple juice (single strength), when their volume decreased by -13.8% to X tons. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 57% against the previous year. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, pineapple juice (single strength) imports declined to $X in 2021. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 100%. Over the period under review, imports attained the peak figure at $X in 2020, and then fell modestly in the following year.

Imports by Country

In 2021, China (X tons) was the main importer of pineapple juice (single strength), creating 77% of total imports. Japan (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons) and South Korea (X tons). All these countries together took near 21% share of total imports.

China was also the fastest-growing in terms of the pineapple juice (single strength) imports, with a CAGR of +27.4% from 2012 to 2021. At the same time, Hong Kong SAR (+13.9%) and Japan (+2.7%) displayed positive paces of growth. By contrast, South Korea (-6.9%) illustrated a downward trend over the same period. China (+47 p.p.) significantly strengthened its position in terms of the total imports, while Japan and South Korea saw its share reduced by -18.2% and -26% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pineapple juice (single strength) in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

In China, pineapple juice (single strength) imports increased at an average annual rate of +28.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+5.4% per year) and Hong Kong SAR (+23.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

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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