Philippines: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in the Philippines

In 2021, after two years of growth, there was significant decline in the Philippine pineapple juice (single strength) market, when its value decreased by -6% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Pineapple juice (single strength) consumption peaked at $X in 2020, and then contracted in the following year.

Production of Pineapple Juice (Single Strength) in the Philippines

In value terms, pineapple juice (single strength) production dropped to $X in 2021 estimated in export price. In general, production saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from the Philippines

After three years of decline, overseas shipments of pineapple juice (single strength) increased by 335% to X tons in 2021. In general, exports, however, saw a dramatic setback. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pineapple juice (single strength) exports surged to $X in 2021. Overall, exports, however, continue to indicate a sharp shrinkage. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pineapple juice (single strength) exports from the Philippines, with a 65% share of total exports. Moreover, pineapple juice (single strength) exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. The United States (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-47.4% per year) and the United States (-43.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pineapple juice (single strength) exports from the Philippines, comprising 64% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Japan, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-45.9% per year) and Japan (-39.5% per year).

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States ($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 Oman (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into the Philippines

For the third consecutive year, the Philippines recorded growth in purchases abroad of pineapple juice (single strength), which increased by 23% to X tons in 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,930%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, pineapple juice (single strength) imports skyrocketed to $X in 2021. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 1,534% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of pineapple juice (single strength) to the Philippines, with a 69% share of total imports. Moreover, pineapple juice (single strength) imports from Thailand exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), fivefold. Singapore (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (0.0% per year) and Singapore (+43.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of pineapple juice (single strength) to the Philippines, comprising 80% of total imports. The second position in the ranking was held by Lebanon ($X), with an 11% share of total imports. It was followed by Singapore, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (0.0% per year) and Singapore (+38.8% per year).

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, with an increase of 96% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Singapore ($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 United States (+1.3%).

Source: IndexBox Platform

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