Thailand: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Thailand

In 2021, the Thai concentrated pineapple juice market decreased by -32.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, enjoyed a notable expansion. Concentrated pineapple juice consumption peaked at $X in 2020, and then declined dramatically in the following year.

Concentrated Pineapple Juice Production in Thailand

In value terms, concentrated pineapple juice production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34% against the previous year. Concentrated pineapple juice production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Concentrated Pineapple Juice Exports

Exports from Thailand

In 2021, after two years of decline, there was significant growth in overseas shipments of concentrated pineapple juice, when their volume increased by 38% to X tons. Overall, exports, however, recorded a abrupt descent. 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, concentrated pineapple juice exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Spain (X tons) were the main destinations of concentrated pineapple juice exports from Thailand, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of -1.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for concentrated pineapple juice exported from Thailand were the Netherlands ($X), the United States ($X) and Spain ($X), with a combined 65% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +0.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average concentrated pineapple juice export price amounted to $X per ton, increasing by 7.2% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. 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 +70.0% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 44%. 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 stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Iran ($X per ton) and Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Thailand

In 2021, supplies from abroad of concentrated pineapple juice increased by 10% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2015 when imports increased by 328%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, concentrated pineapple juice imports soared to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 364% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of concentrated pineapple juice to Thailand, accounting for a 69% share of total imports. Moreover, concentrated pineapple juice imports from Indonesia exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +167.4%.

In value terms, Indonesia ($X) constituted the largest supplier of concentrated pineapple juice to Thailand, comprising 73% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +148.5%.

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, picking up by 37% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 40% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for the Philippines totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.6%).

Source: IndexBox Platform

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