Vietnam: Market for Pineapple Juice (Single Strength) 2024

Market Size for Pineapple Juice (Single Strength) in Vietnam

In 2021, the Vietnamese pineapple juice (single strength) market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Pineapple Juice (Single Strength) in Vietnam

In value terms, pineapple juice (single strength) production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 37%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Pineapple Juice (Single Strength)

Exports from Vietnam

After two years of growth, overseas shipments of pineapple juice (single strength) decreased by -23.8% to X tons in 2021. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 87% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, pineapple juice (single strength) exports reduced slightly to $X in 2021. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 86% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of pineapple juice (single strength) exports from Vietnam, with a combined 50% share of total exports. Australia, Chile, Senegal, the United Arab Emirates, Ghana, the Netherlands, Germany, Israel and Togo lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +87.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), South Korea ($X) and the United States ($X) appeared to be the largest markets for pineapple juice (single strength) exported from Vietnam worldwide, with a combined 46% share of total exports. Australia, Chile, Senegal, the Netherlands, the United Arab Emirates, Ghana, Israel, Germany and Togo lagged somewhat behind, together accounting for a further 41%.

Chile, with a CAGR of +93.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 27% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 35%. The export price peaked at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the average price for exports to Slovakia ($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 the Netherlands (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports into Vietnam

In 2021, approx. X tons of pineapple juice (single strength) were imported into Vietnam; with an increase of 32% against the year before. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 424%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pineapple juice (single strength) imports soared to $X in 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 457%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Cyprus (X tons), Thailand (X tons) and Turkey (X tons) were the main suppliers of pineapple juice (single strength) imports to Vietnam, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cyprus (with a CAGR of +83.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Thailand ($X) and Turkey ($X) constituted the largest pineapple juice (single strength) suppliers to Vietnam, with a combined 62% share of total imports.

Cyprus, with a CAGR of +99.0%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average pineapple juice (single strength) import price amounted to $X per ton, rising by 3.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 8%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Cyprus ($X per ton) and Austria ($X per ton), while the price for Australia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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