Latin America and the Caribbean: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in the Latin American concentrated pineapple juice market, when its value increased by 12% to $X. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Concentrated Pineapple Juice Production in Latin America and the Caribbean

In value terms, concentrated pineapple juice production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 32%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Concentrated Pineapple Juice Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of concentrated pineapple juice increased by 0.5% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 83% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, concentrated pineapple juice exports stood at $X in 2022. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 122% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Costa Rica (X tons) represented the main exporter of concentrated pineapple juice, creating 66% of total exports. Brazil (X tons) ranks second in terms of the total exports with a 16% share, followed by Guatemala (14%).

Exports from Costa Rica increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Guatemala (+292.6%) and Brazil (+16.3%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +292.6% from 2012-2022. While the share of Guatemala (+14 p.p.) and Brazil (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Costa Rica (-18.4 p.p.) displayed negative dynamics.

In value terms, Costa Rica ($X) remains the largest concentrated pineapple juice supplier in Latin America and the Caribbean, comprising 55% of total exports. The second position in the ranking was held by Brazil ($X), with a 26% share of total exports.

In Costa Rica, concentrated pineapple juice exports increased at an average annual rate of +2.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+18.3% per year) and Guatemala (+327.4% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 an increase of 21%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, 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 Brazil ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+8.9%), while the other leaders experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of concentrated pineapple juice increased by 4.7% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, concentrated pineapple juice imports skyrocketed to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +121.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Chile was the largest importer of concentrated pineapple juice in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near 31% of total imports in 2022. It was distantly followed by Jamaica (X tons), Mexico (X tons), El Salvador (X tons), Argentina (X tons) and Belize (X tons), together mixing up a 38% share of total imports. The Dominican Republic (X tons), Colombia (X tons), Honduras (X tons), Panama (X tons), Trinidad and Tobago (X tons), Guatemala (X tons) and Bahamas (X tons) took a little share of total imports.

Imports into Chile increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Panama (+228.3%), Belize (+141.1%), Jamaica (+9.0%) and Colombia (+6.6%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +228.3% from 2012-2022. El Salvador experienced a relatively flat trend pattern. By contrast, Bahamas (-1.8%), Guatemala (-3.8%), Trinidad and Tobago (-5.3%), Honduras (-5.5%), Mexico (-6.9%), Argentina (-8.3%) and the Dominican Republic (-9.9%) illustrated a downward trend over the same period. While the share of Chile (+8.7 p.p.), Jamaica (+7.4 p.p.), Belize (+5 p.p.), Panama (+3.3 p.p.) and Colombia (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Honduras (-1.7 p.p.), Mexico (-5.4 p.p.), the Dominican Republic (-5.8 p.p.) and Argentina (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported concentrated pineapple juice in Latin America and the Caribbean, comprising 31% of total imports. The second position in the ranking was held by Jamaica ($X), with a 13% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Jamaica (+15.8% per year) and Mexico (-0.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 25% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concentrated pineapple juice import price increased by +75.6% against 2019 indices. The growth pace was the most rapid in 2015 when the import price increased by 34% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belize (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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