Overview of the Global Market for Pineapple Juice (Single Strength)

Market Size for Pineapple Juice (Single Strength)

In 2021, the global pineapple juice (single strength) market increased by 1.7% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.3%. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Pineapple Juice (Single Strength)

In value terms, pineapple juice (single strength) production expanded to $X in 2021 estimated in export price. Over the period under review, production recorded a mild curtailment. The pace of growth was the most pronounced in 2016 with an increase of 8.7% against the previous year. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Pineapple Juice (Single Strength)

Exports

In 2021, shipments abroad of pineapple juice (single strength) increased by 19% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 22%. The global exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, pineapple juice (single strength) exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Costa Rica represented the largest exporting country with an export of about X tons, which resulted at 44% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 21% share, followed by Belgium (5.7%) and Spain (4.6%). The following exporters - Germany (X tons), Cyprus (X tons), Benin (X tons) and Guatemala (X tons) - together made up 10% of total exports.

Exports from Costa Rica increased at an average annual rate of +9.4% from 2012 to 2021. At the same time, Benin (+47.8%), Spain (+25.5%), Cyprus (+14.1%), Germany (+5.6%), the Netherlands (+3.3%) and Guatemala (+2.1%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in the world, with a CAGR of +47.8% from 2012-2021. By contrast, Belgium (-2.6%) illustrated a downward trend over the same period. Costa Rica (+18 p.p.), Spain (+3.8 p.p.), Benin (+1.7 p.p.) and Cyprus (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Belgium saw its share reduced by -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X), the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, with a combined 67% share of global exports. These countries were followed by Spain, Germany, Cyprus, Guatemala and Benin, which together accounted for a further 16%.

Among the main exporting countries, Benin, with a CAGR of +45.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pineapple juice (single strength) export price amounted to $X per ton, surging by 11% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%), while the other global leaders experienced more modest paces of growth.

Imports of Pineapple Juice (Single Strength)

Imports

In 2021, overseas purchases of pineapple juice (single strength) increased by 5.3% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. Over the period under review, global imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, pineapple juice (single strength) imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 31%. Over the period under review, global imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by the United States (X tons), France (X tons), Belgium (X tons), Germany (X tons), Spain (X tons) and the UK (X tons) represented the main importers of pineapple juice (single strength), together committing 79% of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +27.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 47% of global imports. Germany, Belgium, the UK, Spain and China lagged somewhat behind, together comprising a further 31%.

China, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average pineapple juice (single strength) import price stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure 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 importing countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+0.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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