Europe: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Europe

The Europe pineapple juice (single strength) market rose slightly to $X in 2021, growing by 2.9% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Pineapple Juice (Single Strength) in Europe

In value terms, pineapple juice (single strength) production stood at $X in 2021 estimated in export price. Overall, production, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Pineapple Juice (Single Strength)

Exports in Europe

In 2021, shipments abroad of pineapple juice (single strength) increased by 19% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 48%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, pineapple juice (single strength) exports surged to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 +113.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The Netherlands was the key exporting country with an export of about X tons, which recorded 52% of total exports. Belgium (X tons) held the second position in the ranking, followed by Spain (X tons) and Germany (X tons). All these countries together took near 35% share of total exports. Austria (X tons) and France (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pineapple juice (single strength) exports from the Netherlands stood at +3.3%. At the same time, Spain (+25.5%) and Germany (+5.6%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, 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 and Germany increased by +9.5, +7.2 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Netherlands, pineapple juice (single strength) exports increased at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+0.1% per year) and Spain (+27.0% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, rising by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 when the export price increased by 28%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while the Netherlands ($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 Europe

In 2021, approx. X tons of pineapple juice (single strength) were imported in Europe; surging by 1.5% on the year before. 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 in certain years. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, pineapple juice (single strength) imports skyrocketed 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 with an increase of 35%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The Netherlands was the major importing country with an import of about X tons, which recorded 35% of total imports. France (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (13%), Germany (12%), Spain (9.1%) and the UK (6.8%).

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%), France (+2.8%) and the UK (+2.3%) displayed positive paces of growth. Belgium and Germany experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands and Spain increased by +9.9 and +2 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, with a combined 60% share of total imports. These countries were followed by Belgium, the UK and Spain, which together accounted for a further 29%.

In terms of the main importing countries, Spain, with a CAGR of +5.9%, saw the highest growth rate of 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 Europe amounted to $X per ton, picking up by 21% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, 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 the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform