Philippines: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in the Philippines

In 2021, the Philippine concentrated pineapple juice market decreased by -59.3% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Concentrated Pineapple Juice Production in the Philippines

In value terms, concentrated pineapple juice production rose to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Concentrated Pineapple Juice Exports

Exports from the Philippines

In 2021, shipments abroad of concentrated pineapple juice increased by 37% to X tons, rising for the third consecutive year after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 +91.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 99%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, concentrated pineapple juice exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 49%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for concentrated pineapple juice exports from the Philippines, with a 82% share of total exports. Moreover, concentrated pineapple juice exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Canada (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.0% per year) and Canada (-1.3% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated pineapple juice exports from the Philippines, comprising 78% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.5% share of total exports. It was followed by Japan, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.1% per year) and Japan (+20.0% per year).

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2021, increasing by 5% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.3% 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 increased by +55.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 Japan (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into the Philippines

In 2021, supplies from abroad of concentrated pineapple juice increased by 266% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 800%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, concentrated pineapple juice imports soared to $X in 2021. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 581%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest concentrated pineapple juice supplier to the Philippines, accounting for a 62% share of total imports. Moreover, concentrated pineapple juice imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.3% per year) and Spain (-20.4% per year).

In value terms, the United States ($X) constituted the largest supplier of concentrated pineapple juice to the Philippines, comprising 57% of total imports. The second position in the ranking was taken by Thailand ($X), with a 25% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+6.2% per year) and the Netherlands (+80.7% per year).

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, waning by -16.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 278% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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