MENA: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in MENA

In 2021, after two years of growth, there was significant decline in the MENA's pineapple juice (single strength) market, when its value decreased by -11.6% to $X. Overall, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Pineapple Juice (Single Strength) in MENA

In value terms, pineapple juice (single strength) production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Pineapple Juice (Single Strength)

Exports in MENA

In 2021, shipments abroad of pineapple juice (single strength) increased by 23% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% 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 +145.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 99% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, pineapple juice (single strength) exports skyrocketed to $X in 2021. Total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% 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 +121.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 70%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Saudi Arabia (X tons) represented the key exporter of pineapple juice (single strength), constituting 42% of total exports. Kuwait (X tons) ranks second in terms of the total exports with a 23% share, followed by the United Arab Emirates (13%) and Turkey (13%). The following exporters - Lebanon (X tons) and Bahrain (X tons) - together made up 5.5% 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 more modest paces of growth.

In value terms, the largest pineapple juice (single strength) supplying countries in MENA were Saudi Arabia ($X), Kuwait ($X) and Turkey ($X), with a combined 75% share of total exports.

Kuwait, with a CAGR of +42.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, rising by 5.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 18%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the other leaders experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports in MENA

After two years of growth, purchases abroad of pineapple juice (single strength) decreased by -9.6% to X tons in 2021. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 172% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, pineapple juice (single strength) imports dropped to $X in 2021. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 245%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Saudi Arabia represented the largest importer of pineapple juice (single strength) in MENA, with the volume of imports reaching X tons, which was near 45% of total imports in 2021. Libya (X tons) ranks second in terms of the total imports with a 17% share, followed by the United Arab Emirates (14%) and Israel (4.9%). The following importers - Kuwait (X tons), Qatar (X tons) and Oman (X tons) - together made up 10% 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%), Libya (+7.7%), Kuwait (+6.5%) and Israel (+3.3%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +35.3% from 2012-2021. While the share of Saudi Arabia (+25 p.p.), the United Arab Emirates (+8.9 p.p.) and Qatar (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Libya (-1.6 p.p.) and Israel (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported pineapple juice (single strength) in MENA, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Libya, with a 10% share.

In Saudi Arabia, pineapple juice (single strength) imports expanded at an average annual rate of +26.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+19.1% per year) and Libya (+2.4% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, falling by -1.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell modestly in the following year.

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 Saudi Arabia ($X per ton), while Libya ($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