Latin America and the Caribbean: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Latin America and the Caribbean

In 2021, the Latin American pineapple juice (single strength) market increased by 10% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a mild descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Pineapple Juice (Single Strength) in Latin America and the Caribbean

In value terms, pineapple juice (single strength) production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports in Latin America and the Caribbean

In 2021, overseas shipments of pineapple juice (single strength) increased by 20% to X tons, rising for the third year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 69% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 76%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica prevails in exports structure, amounting to X tons, which was near 91% of total exports in 2021. Guatemala (X tons), Mexico (X tons) and Honduras (X tons) held a minor share of total exports.

Exports from Costa Rica increased at an average annual rate of +9.4% from 2012 to 2021. At the same time, Honduras (+11.9%), Mexico (+3.8%) and Guatemala (+2.1%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +11.9% from 2012-2021. From 2012 to 2021, the share of Costa Rica increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest pineapple juice (single strength) supplier in Latin America and the Caribbean, comprising 90% of total exports. The second position in the ranking was taken by Mexico ($X), with a 3.5% share of total exports. It was followed by Guatemala, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value in Costa Rica stood at +9.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+9.7% per year) and Guatemala (+1.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, growing by 6.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 10%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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 Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the other leaders experienced a decline in the export price figures.

Imports of Pineapple Juice (Single Strength)

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of pineapple juice (single strength) was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pineapple juice (single strength) imports surged to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of pineapple juice (single strength) imports in 2021 were Chile (X tons), Guyana (X tons), Guatemala (X tons), Honduras (X tons), El Salvador (X tons), Nicaragua (X tons) and Panama (X tons), together recording 75% of total import. The following importers - the Dominican Republic (X tons), Jamaica (X tons), Mexico (X tons), Saint Maarten (Dutch part) (X tons) and Antigua and Barbuda (X tons) - together made up 13% of total imports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +68.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pineapple juice (single strength) importing markets in Latin America and the Caribbean were Guyana ($X), Chile ($X) and Guatemala ($X), with a combined 50% share of total imports. These countries were followed by Honduras, El Salvador, Nicaragua, Jamaica, Panama, the Dominican Republic, Saint Maarten (Dutch part), Antigua and Barbuda and Mexico, which together accounted for a further 37%.

In terms of the main importing countries, Panama, with a CAGR of +68.4%, 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 Latin America and the Caribbean amounted to $X per ton, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The level of import peaked at $X per ton in 2015; however, from 2016 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 Guyana ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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