Ecuador: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Ecuador

After three years of growth, the Ecuadorian concentrated pineapple juice market decreased by -4% to $X in 2021. Over the period under review, consumption, however, recorded buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then declined modestly in the following year.

Concentrated Pineapple Juice Production in Ecuador

In value terms, concentrated pineapple juice production dropped to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 increased by +72.8% against 2014 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Concentrated Pineapple Juice Exports

Exports from Ecuador

In 2021, shipments abroad of concentrated pineapple juice increased by 0.5% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 305%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concentrated pineapple juice exports amounted to $X in 2021. Overall, exports, however, showed a dramatic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 454% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X kg), Austria (X kg) and the Netherlands (X kg) were the main destinations of concentrated pineapple juice exports from Ecuador, together accounting for 91% of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of -12.1%), while shipments for the other leaders experienced a decline.

In value terms, Austria ($X), Germany ($X) and the Netherlands ($X) were the largest markets for concentrated pineapple juice exported from Ecuador worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, Austria, with a CAGR of -6.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average concentrated pineapple juice export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated pineapple juice export price increased by +101.3% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of 37%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Ecuador

In 2021, after three years of growth, there was significant decline in overseas purchases of concentrated pineapple juice, when their volume decreased by -28.4% to X tons. In general, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2013 with an increase of 283%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated pineapple juice imports reduced rapidly to $X in 2021. Over the period under review, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 365%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Chile (X tons) were the main suppliers of concentrated pineapple juice imports to Ecuador.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +29.7%).

In value terms, the largest concentrated pineapple juice suppliers to Ecuador were South Africa ($X) and Chile ($X).

Among the main suppliers, Chile, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average concentrated pineapple juice import price stood at $X per ton in 2021, leveling off at the previous year. Overall, the import price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per ton), while the price for Chile stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-12.2%).

Source: IndexBox Platform

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