MERCOSUR: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in MERCOSUR

In 2021, the MERCOSUR concentrated pineapple juice market decreased by -9.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Concentrated Pineapple Juice Production in MERCOSUR

In value terms, concentrated pineapple juice production fell significantly to $X in 2021 estimated in export price. The total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports in MERCOSUR

In 2021, overseas shipments of concentrated pineapple juice increased by 54% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 211%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, concentrated pineapple juice exports soared to $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 308% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Brazil (X tons), together resulting at 98% of total export.

Brazil was also the fastest-growing in terms of the concentrated pineapple juice exports, with a CAGR of +20.7% from 2012 to 2021. While the share of Brazil (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest concentrated pineapple juice supplier in MERCOSUR.

In Brazil, concentrated pineapple juice exports expanded at an average annual rate of +20.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, picking up by 15% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 31%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -0.6% per year.

Concentrated Pineapple Juice Imports

Imports in MERCOSUR

In 2021, concentrated pineapple juice imports in MERCOSUR soared to X tons, surging by 70% on the previous year's figure. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated pineapple juice imports soared to $X in 2021. In general, imports posted a temperate increase. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Chile was the largest importer of concentrated pineapple juice in MERCOSUR, with the volume of imports resulting at X tons, which was near 77% of total imports in 2021. Argentina (X tons) ranks second in terms of the total imports with a 13% share, followed by Colombia (7%).

Imports into Chile increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, Colombia (+7.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +7.7% from 2012-2021. By contrast, Argentina (-7.2%) illustrated a downward trend over the same period. Chile (+18 p.p.) and Colombia (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by -18.5% from 2012 to 2021, respectively.

In value terms, Chile ($X) constitutes the largest market for imported concentrated pineapple juice in MERCOSUR, comprising 76% of total imports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile totaled +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-7.2% per year) and Colombia (+10.2% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, with an increase of 25% against the previous year. Import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated pineapple juice import price increased by +45.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 37%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Colombia ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform