GCC: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in GCC

In 2021, the GCC pineapple juice (single strength) market decreased by -22.7% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Production of Pineapple Juice (Single Strength) in GCC

In value terms, pineapple juice (single strength) production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Pineapple Juice (Single Strength)

Exports in GCC

In 2021, shipments abroad of pineapple juice (single strength) increased by 15% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 198%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, pineapple juice (single strength) exports skyrocketed to $X in 2021. In general, exports showed a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 155%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Saudi Arabia (X tons) was the major exporter of pineapple juice (single strength), generating 52% of total exports. Kuwait (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held approx. 45% share of total exports. Bahrain (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kuwait (with a CAGR of +45.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest pineapple juice (single strength) supplying countries in GCC were Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined 97% share of total exports.

Kuwait, with a CAGR of +42.3%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, growing by 2.6% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 18%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Pineapple Juice (Single Strength)

Imports in GCC

In 2021, supplies from abroad of pineapple juice (single strength) decreased by -25.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 573%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, pineapple juice (single strength) imports dropped sharply to $X in 2021. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 688% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Saudi Arabia was the main importing country with an import of around X tons, which amounted to 64% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons) and Qatar (X tons). All these countries together held near 32% share of total imports. The following importers - Oman (X tons) and Bahrain (X tons) - each finished at a 4% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +18.9% from 2012 to 2021. At the same time, Qatar (+35.3%), the United Arab Emirates (+22.1%), Oman (+19.7%) and Kuwait (+6.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +35.3% from 2012-2021. By contrast, Bahrain (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia, the United Arab Emirates and Qatar increased by +6.8, +5.8 and +4.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported pineapple juice (single strength) in GCC, comprising 72% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Kuwait, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +26.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+19.1% per year) and Kuwait (+6.4% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, surging by 4.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform