Vietnam: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Vietnam

The Vietnamese concentrated pineapple juice market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption enjoyed a noticeable expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Concentrated Pineapple Juice Production in Vietnam

In value terms, concentrated pineapple juice production rose significantly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 22% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Concentrated Pineapple Juice Exports

Exports from Vietnam

In 2021, approx. X tons of concentrated pineapple juice were exported from Vietnam; shrinking by -31.3% against the year before. In general, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 517% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, concentrated pineapple juice exports declined to $X in 2021. Overall, exports showed a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 524%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of concentrated pineapple juice exports from Vietnam, together accounting for 82% of total exports. These countries were followed by South Korea and Senegal, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +26.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated pineapple juice exported from Vietnam were Spain ($X), the Netherlands ($X) and the United States ($X), with a combined 82% share of total exports. South Korea and Senegal lagged somewhat behind, together accounting for a further 16%.

Among the main countries of destination, Senegal, with a CAGR of +32.7%, saw the highest rates of growth with regard to 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 concentrated pineapple juice export price stood at $X per ton in 2021, rising by 31% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. 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 +33.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Senegal ($X per ton) and the United States ($X per ton), while the average price for exports to South Korea ($X per ton) and Spain ($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 Senegal (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Vietnam

Concentrated pineapple juice imports into Vietnam contracted to X tons in 2021, with a decrease of -6.1% compared with 2020. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of 319% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated pineapple juice imports dropped to $X in 2021. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2014 when imports increased by 551%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of concentrated pineapple juice to Vietnam, accounting for a 55% share of total imports. Moreover, concentrated pineapple juice imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+18.1% per year) and Thailand (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of concentrated pineapple juice to Vietnam, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by Thailand, with a 20% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+17.6% per year) and Thailand (+0.9% per year).

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, leveling off at the previous year. In general, the import price showed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 55% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and Thailand ($X per ton), while the price for Spain ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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