Peru: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Peru

The Peruvian concentrated pineapple juice market skyrocketed to $X in 2021, picking up by 41% against the previous year. Over the period under review, consumption, however, showed a sharp decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Concentrated Pineapple Juice Production in Peru

In value terms, concentrated pineapple juice production rose markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.6% against 2016 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 26% against the previous year. Concentrated pineapple juice production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports from Peru

In 2021, concentrated pineapple juice exports from Peru shrank to X tons, dropping by -5.7% against 2020 figures. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 381%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, concentrated pineapple juice exports declined modestly to $X in 2021. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2014 with an increase of 510% against the previous year. The exports peaked at $X in 2020, and then contracted slightly in the following year.

Exports by Country

The United States (X tons) was the main destination for concentrated pineapple juice exports from Peru, accounting for a 65% share of total exports. Moreover, concentrated pineapple juice exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Saint Kitts and Nevis (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +70.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.9% per year) and Saint Kitts and Nevis (+41.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for concentrated pineapple juice exports from Peru, comprising 57% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by Guatemala, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.8% per year) and Guatemala (+59.1% per year).

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price showed noticeable growth. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per ton), while the average price for exports to Saint Kitts and Nevis ($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 France (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Pineapple Juice Imports

Imports into Peru

In 2021, purchases abroad of concentrated pineapple juice decreased by -51% to X tons, falling for the eighth year in a row after two years of growth. In general, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated pineapple juice imports reduced markedly to $X in 2021. Overall, imports showed a sharp curtailment. The growth pace was the most rapid in 2013 with an increase of 18%. 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

The United States (X kg), Brazil (X kg) and Thailand (X kg) were the main suppliers of concentrated pineapple juice imports to Peru, together accounting for 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +14.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest concentrated pineapple juice suppliers to Peru were the United States ($X), Colombia ($X) and Thailand ($X), together comprising 84% of total imports.

The United States, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, with a decrease of -23.4% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Colombia ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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