New Zealand: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in New Zealand

In 2021, the New Zealand concentrated pineapple juice market increased by 58% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption saw a resilient expansion. Concentrated pineapple juice consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports from New Zealand

In 2021, overseas shipments of concentrated pineapple juice were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 157%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, concentrated pineapple juice exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 188% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Samoa (X tons), French Polynesia (X tons) and Fiji (X tons) were the main destinations of concentrated pineapple juice exports from New Zealand, together comprising 62% of total exports. These countries were followed by Australia, Norfolk Island, Vanuatu, Cook Islands and Tonga, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +41.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated pineapple juice exported from New Zealand were Australia ($X), French Polynesia ($X) and Samoa ($X), with a combined 71% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +48.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated pineapple juice export price decreased by -7.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 92%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Samoa ($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 Australia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into New Zealand

In 2021, approx. X tons of concentrated pineapple juice were imported into New Zealand; jumping by 56% on the year before. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, concentrated pineapple juice imports surged to $X in 2021. Overall, imports continue to indicate a remarkable increase. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest concentrated pineapple juice supplier to New Zealand, accounting for a 64% share of total imports. Moreover, concentrated pineapple juice imports from Indonesia exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+13.5% per year) and Australia (+211.2% per year).

In value terms, Indonesia ($X) constituted the largest supplier of concentrated pineapple juice to New Zealand, comprising 64% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 27% share of total imports. It was followed by Thailand, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+19.3% per year) and Thailand (-14.0% per year).

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, remaining constant against the previous year. Overall, import price indicated a slight expansion 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 +32.3% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 57%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Philippines ($X per ton), while the price for Australia ($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 Philippines (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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