Saudi Arabia: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Saudi Arabia

The Saudi pineapple juice (single strength) market declined significantly to $X in 2021, which is down by -32.8% against the previous year. Overall, consumption, however, recorded buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then fell rapidly in the following year.

Production of Pineapple Juice (Single Strength) in Saudi Arabia

In value terms, pineapple juice (single strength) production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 30% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from Saudi Arabia

Pineapple juice (single strength) exports from Saudi Arabia expanded significantly to X tons in 2021, surging by 5.1% on 2020 figures. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 419% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, pineapple juice (single strength) exports stood at $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 315% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for pineapple juice (single strength) exports from Saudi Arabia, accounting for a 50% share of total exports. Moreover, pineapple juice (single strength) exports to Egypt exceeded the volume sent to the second major destination, Libya (X tons), threefold. Kuwait (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+302.0% per year) and Kuwait (+4.4% per year).

In value terms, Egypt ($X) emerged as the key foreign market for pineapple juice (single strength) exports from Saudi Arabia, comprising 41% of total exports. The second position in the ranking was taken by Libya ($X), with a 16% share of total exports. It was followed by Kuwait, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Egypt stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+221.8% per year) and Kuwait (-0.3% per year).

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, rising by 7.7% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Egypt ($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 Guinea (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Saudi Arabia

In 2021, approx. X tons of pineapple juice (single strength) were imported into Saudi Arabia; declining by -40.2% compared with the previous year's figure. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Imports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, pineapple juice (single strength) imports plummeted to $X in 2021. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 24%. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

Kuwait (X tons), Spain (X tons) and the Philippines (X tons) were the main suppliers of pineapple juice (single strength) imports to Saudi Arabia, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +25.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Indonesia ($X) and Kuwait ($X) appeared to be the largest pineapple juice (single strength) suppliers to Saudi Arabia, with a combined 69% share of total imports.

Spain, with a CAGR of +33.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average pineapple juice (single strength) import price stood at $X per ton in 2021, picking up by 14% against the previous year. In general, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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