Thailand: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Thailand

The Thai pineapple juice (single strength) market rose notably to $X in 2021, picking up by 6% against the previous year. Overall, consumption, however, saw a mild setback. Pineapple juice (single strength) consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Pineapple Juice (Single Strength) in Thailand

In value terms, pineapple juice (single strength) production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, saw a mild decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by 64%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from Thailand

In 2021, exports of pineapple juice (single strength) from Thailand fell sharply to X tons, with a decrease of -39% on the previous year's figure. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 288%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports dropped to $X in 2021. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 415% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), South Korea (X tons) and China (X tons) were the main destinations of pineapple juice (single strength) exports from Thailand, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +49.5%), while the other leaders experienced a decline.

In value terms, South Korea ($X) emerged as the key foreign market for pineapple juice (single strength) exports from Thailand, comprising 61% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 29% share of total exports. It was followed by China, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-16.2% per year) and China (-14.2% per year).

Export Prices by Country

The average pineapple juice (single strength) export price stood at $X per ton in 2021, increasing by 44% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.8% 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 increased by +101.3% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 74% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Thailand

After three years of decline, purchases abroad of pineapple juice (single strength) increased by 6,048% to X tons in 2021. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 24,853%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, pineapple juice (single strength) imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 10,429% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X tons) was the main supplier of pineapple juice (single strength) to Thailand, accounting for a 97% share of total imports. It was followed by the United Arab Emirates (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the Philippines totaled +83.8%.

In value terms, the Philippines ($X) constituted the largest supplier of pineapple juice (single strength) to Thailand, comprising 96% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Philippines amounted to +64.1%.

Import Prices by Country

The average pineapple juice (single strength) import price stood at $X per ton in 2021, with a decrease of -17% against the previous year. Overall, the import price recorded a deep slump. The pace of growth was the most pronounced in 2015 an increase of 645%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the Philippines amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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