EU: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in the EU

The EU pineapple juice (single strength) market reached $X in 2021, growing by 4.7% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Pineapple Juice (Single Strength) in the EU

In value terms, pineapple juice (single strength) production expanded to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports in the EU

In 2021, shipments abroad of pineapple juice (single strength) increased by 18% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 42%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, pineapple juice (single strength) exports skyrocketed to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands was the major exporting country with an export of about X tons, which recorded 50% of total exports. Belgium (X tons) took the second position in the ranking, followed by Spain (X tons), Germany (X tons) and Cyprus (X tons). All these countries together held near 40% share of total exports. Austria (X tons) and France (X tons) held a minor share of total exports.

Exports from the Netherlands increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Spain (+25.5%), Cyprus (+14.1%) and Germany (+5.6%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +25.5% from 2012-2021. By contrast, France (-1.6%), Belgium (-2.6%) and Austria (-9.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain, the Netherlands, Cyprus and Germany increased by +9.1, +5.5, +4 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest pineapple juice (single strength) supplier in the European Union, comprising 47% of total exports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+0.1% per year) and Spain (+27.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 when the export price increased by 26% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports in the EU

Pineapple juice (single strength) imports expanded sharply to X tons in 2021, surging by 5.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, pineapple juice (single strength) imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The Netherlands represented the key importer of pineapple juice (single strength) in the European Union, with the volume of imports recording X tons, which was near 38% of total imports in 2021. It was distantly followed by France (X tons), Belgium (X tons), Germany (X tons) and Spain (X tons), together comprising a 54% share of total imports. Portugal (X tons) held a little share of total imports.

The Netherlands was also the fastest-growing in terms of the pineapple juice (single strength) imports, with a CAGR of +6.4% from 2012 to 2021. At the same time, Spain (+5.3%) and France (+2.8%) displayed positive paces of growth. Belgium and Germany experienced a relatively flat trend pattern. By contrast, Portugal (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Spain increased by +11 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, together comprising 68% of total imports. Belgium, Spain and Portugal lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Spain, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 18% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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