Malaysia: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Malaysia

In 2021, the Malaysian pineapple juice (single strength) market decreased by -3% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 8.7% against the previous year. Pineapple juice (single strength) consumption peaked at $X in 2020, and then contracted in the following year.

Production of Pineapple Juice (Single Strength) in Malaysia

In value terms, pineapple juice (single strength) production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 9.9%. Pineapple juice (single strength) production peaked at $X in 2020, and then shrank in the following year.

Exports of Pineapple Juice (Single Strength)

Exports from Malaysia

Pineapple juice (single strength) exports from Malaysia surged to X tons in 2021, picking up by 53% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pineapple juice (single strength) exports soared to $X in 2021. Overall, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when exports increased by 49%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for pineapple juice (single strength) exports from Malaysia, with a 49% share of total exports. Moreover, pineapple juice (single strength) exports to Singapore exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+25.0% per year) and the United Arab Emirates (-6.6% per year).

In value terms, Singapore ($X) remains the key foreign market for pineapple juice (single strength) exports from Malaysia, comprising 59% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by the United States, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-6.2% per year) and the United States (+2.5% per year).

Export Prices by Country

The average pineapple juice (single strength) export price stood at $X per ton in 2021, dropping by -5.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 9.4%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pineapple Juice (Single Strength)

Imports into Malaysia

In 2021, approx. X tons of pineapple juice (single strength) were imported into Malaysia; picking up by 34% on 2020 figures. Overall, imports saw significant growth. The growth pace was the most rapid in 2013 when imports increased by 723%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pineapple juice (single strength) imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 820% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of pineapple juice (single strength) to Malaysia, with a 48% share of total imports. Moreover, pineapple juice (single strength) imports from Turkey exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+2.3% per year) and Austria (+57.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of pineapple juice (single strength) to Malaysia, comprising 54% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.9% share of total imports. It was followed by Cyprus, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.9% per year) and Cyprus (+10.0% per year).

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, dropping by -1.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Austria ($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 (+58.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :