Singapore: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Singapore

In 2021, after two years of decline, there was growth in the Singaporean pineapple juice (single strength) market, when its value increased by 2.8% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Pineapple Juice (Single Strength) in Singapore

In value terms, pineapple juice (single strength) production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 169%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Pineapple Juice (Single Strength)

Exports from Singapore

In 2021, exports of pineapple juice (single strength) from Singapore shrank sharply to X tons, waning by -57.1% against the previous year's figure. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 189% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports shrank markedly to $X in 2021. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 176% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for pineapple juice (single strength) exports from Singapore, accounting for a 51% share of total exports. Moreover, pineapple juice (single strength) exports to Papua New Guinea exceeded the volume sent to the second major destination, China (X tons), threefold. Guam (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea stood at -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.5% per year) and Guam (0.0% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for pineapple juice (single strength) exports from Singapore, comprising 50% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Papua New Guinea totaled -20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.4% per year) and Malaysia (-23.1% per year).

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, reducing by -5.7% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pineapple juice (single strength) export price decreased by -33.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 61%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($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 (+64.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Singapore

In 2021, approx. X tons of pineapple juice (single strength) were imported into Singapore; reducing by -14.4% against the previous year. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, pineapple juice (single strength) imports expanded modestly to $X in 2021. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 23%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines (X tons), Cyprus (X tons) and South Africa (X tons) were the main suppliers of pineapple juice (single strength) imports to Singapore, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constituted the largest supplier of pineapple juice (single strength) to Singapore, comprising 45% of total imports. The second position in the ranking was taken by South Africa ($X), with a 20% share of total imports. It was followed by Cyprus, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines stood at +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+41.1% per year) and Cyprus (+0.1% per year).

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, growing by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Egypt ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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