U.S.: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in the U.S.

In 2021, the U.S. pineapple juice (single strength) market increased by 48% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports from the U.S.

In 2021, pineapple juice (single strength) exports from the United States fell to X tons, dropping by -12.1% against the previous year's figure. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 13%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pineapple juice (single strength) exports rose significantly to $X in 2021. In general, exports saw a deep contraction. The growth pace was the most rapid in 2016 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bahamas (X tons), Saudi Arabia (X tons) and Canada (X tons) were the main destinations of pineapple juice (single strength) exports from the United States, with a combined 43% share of total exports. These countries were followed by Turks and Caicos Islands, Mexico, Antigua and Barbuda, Saint Maarten (Dutch part), Aruba, Qatar, the Netherlands, Saint Lucia, Montserrat and Bermuda, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Antigua and Barbuda (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pineapple juice (single strength) exported from the United States were Canada ($X), Bahamas ($X) and Saudi Arabia ($X), with a combined 52% share of total exports. These countries were followed by Turks and Caicos Islands, Qatar, Aruba, Antigua and Barbuda, Saint Maarten (Dutch part), Mexico, Saint Lucia, Bermuda, the Netherlands and Montserrat, which together accounted for a further 38%.

Among the main countries of destination, Antigua and Barbuda, with a CAGR of +33.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pineapple juice (single strength) export price stood at $X per ton in 2021, jumping by 26% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. 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 +19.1% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Montserrat ($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 Saudi Arabia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into the U.S.

In 2021, overseas purchases of pineapple juice (single strength) increased by 34% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2017 when imports increased by 51%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pineapple juice (single strength) imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Costa Rica (X tons) constituted the largest pineapple juice (single strength) supplier to the United States, with a 54% share of total imports. Moreover, pineapple juice (single strength) imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), threefold. The Philippines (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Costa Rica stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+68.0% per year) and the Philippines (-17.8% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of pineapple juice (single strength) to the United States, comprising 45% of total imports. The second position in the ranking was taken by Guatemala ($X), with an 18% share of total imports. It was followed by the Philippines, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Costa Rica was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+65.1% per year) and the Philippines (-21.3% per year).

Import Prices by Country

The average pineapple juice (single strength) import price stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the import price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Honduras ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Honduras (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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