Mexico: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Mexico

In 2021, the Mexican concentrated pineapple juice market increased by 164% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, recorded a abrupt descent. Concentrated pineapple juice consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Pineapple Juice Production in Mexico

In value terms, concentrated pineapple juice production contracted remarkably to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Concentrated Pineapple Juice Exports

Exports from Mexico

In 2021, shipments abroad of concentrated pineapple juice decreased by -83.5% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, concentrated pineapple juice exports declined sharply to $X in 2021. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 35%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel (X tons) was the main destination for concentrated pineapple juice exports from Mexico, accounting for a 50% share of total exports. Moreover, concentrated pineapple juice exports to Israel exceeded the volume sent to the second major destination, the United States (X tons), threefold. Panama (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Israel stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.5% per year) and Panama (+12.4% per year).

In value terms, Israel ($X) remains the key foreign market for concentrated pineapple juice exports from Mexico, comprising 42% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 7.4% share of total exports. It was followed by Spain, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-21.8% per year) and Spain (-26.6% per year).

Export Prices by Country

In 2021, the average concentrated pineapple juice export price amounted to $X per ton, surging by 39% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Bahamas ($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 Venezuela (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Mexico

In 2021, purchases abroad of concentrated pineapple juice decreased by -97.8% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of 249%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concentrated pineapple juice imports declined rapidly to $X in 2021. In general, imports showed a significant curtailment. The growth pace was the most rapid in 2016 with an increase of 365% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Costa Rica (X tons) constituted the largest supplier of concentrated pineapple juice to Mexico, with a 60% share of total imports. Moreover, concentrated pineapple juice imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by Brazil (X kg), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Costa Rica amounted to -49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-23.6% per year) and Brazil (-33.0% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of concentrated pineapple juice to Mexico, comprising 64% of total imports. The second position in the ranking was held by Thailand ($X), with a 19% share of total imports. It was followed by Brazil, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Costa Rica stood at -48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-23.7% per year) and Brazil (-29.8% per year).

Import Prices by Country

The average concentrated pineapple juice import price stood at $X per ton in 2021, falling by -5.8% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 decreased by -35.4% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 54% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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