Concentrated Pineapple Juice Market

The article discusses the downward trend in the global market for concentrated pineapple juice from 2022 to 2030, with a projected decrease in both consumption and value. Consumption declined in major consuming countries such as the United States, Indonesia, and Brazil, while production and exports also decreased. Import prices increased, with varying trends observed among major importing and exporting countries. The Philippines emerged as a major exporter of concentrated pineapple juice, while the Netherlands had the highest export price. The overall trend suggests a challenging future for the concentrated pineapple juice market.

Market Forecast

Depressed by shrinking demand for concentrated pineapple juice worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -2.6% for the period from 2022 to 2030, which is projected to depress the market volume to 297K tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.3% for the period from 2022 to 2030, which is projected to bring the market value to $581M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Concentrated Pineapple Juice

In 2022, consumption of concentrated pineapple juice decreased by -2.9% to 368K tons, falling for the fourth consecutive year after two years of growth. Overall, consumption recorded a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 9.5%. Over the period under review, global consumption hit record highs at 505K tons in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

The global concentrated pineapple juice market size rose markedly to $595M in 2022, picking up by 5.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $699M in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (54K tons), Indonesia (50K tons) and Brazil (39K tons), with a combined 39% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the United States (with a CAGR of +5.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($80M), Indonesia ($73M) and Brazil ($58M) constituted the countries with the highest levels of market value in 2022, with a combined 35% share of the global market.

Among the main consuming countries, the United States, with a CAGR of +4.2%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of concentrated pineapple juice per capita consumption was registered in Costa Rica (4,813 kg per 1000 persons), followed by Spain (327 kg per 1000 persons), Thailand (306 kg per 1000 persons) and Indonesia (180 kg per 1000 persons), while the world average per capita consumption of concentrated pineapple juice was estimated at 46 kg per 1000 persons.

In Costa Rica, concentrated pineapple juice per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Spain (-3.8% per year) and Thailand (-1.5% per year).

Production

World Production of Concentrated Pineapple Juice

In 2022, production of concentrated pineapple juice increased by 3.6% to 595K tons, rising for the second year in a row after two years of decline. Over the period under review, production, however, recorded a relatively flat trend pattern. Over the period under review, global production attained the peak volume at 616K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, concentrated pineapple juice production reached $508M in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 37% against the previous year. Over the period under review, global production attained the peak level at $781M in 2016; however, from 2017 to 2022, production failed to regain momentum.

Production By Country

The Philippines (238K tons) constituted the country with the largest volume of concentrated pineapple juice production, comprising approx. 40% of total volume. Moreover, concentrated pineapple juice production in the Philippines exceeded the figures recorded by the second-largest producer, Thailand (85K tons), threefold. Indonesia (78K tons) ranked third in terms of total production with a 13% share.

In the Philippines, concentrated pineapple juice production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-6.1% per year) and Indonesia (+1.0% per year).

Imports

World Imports of Concentrated Pineapple Juice

In 2022, after two years of growth, there was decline in purchases abroad of concentrated pineapple juice, when their volume decreased by -2.7% to 270K tons. In general, imports recorded a slight decline. The most prominent rate of growth was recorded in 2016 with an increase of 11%. As a result, imports attained the peak of 328K tons. From 2017 to 2022, the growth of global imports remained at a lower figure.

In value terms, concentrated pineapple juice imports expanded notably to $533M in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, global imports attained the peak figure at $600M in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports By Country

The United States (55K tons) and the Netherlands (42K tons) represented the key importers of concentrated pineapple juice in 2022, resulting at approx. 20% and 16% of total imports, respectively. Spain (20K tons) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Germany (5.3%). The following importers - France (12K tons), Italy (12K tons), the UK (8.9K tons), Russia (6.1K tons), Canada (6K tons), Japan (5.9K tons), Austria (5.3K tons), Australia (4.9K tons) and the United Arab Emirates (4.6K tons) - together made up 24% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +5.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest concentrated pineapple juice importing markets worldwide were the Netherlands ($91M), the United States ($85M) and Spain ($48M), with a combined 42% share of global imports. Italy, France, Germany, the UK, Austria, Japan, Canada, Russia, Australia and the United Arab Emirates lagged somewhat behind, together accounting for a further 31%.

Austria, with a CAGR of +8.8%, 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 concentrated pineapple juice import price stood at $1,976 per ton in 2022, rising by 16% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concentrated pineapple juice import price increased by +76.7% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 28%. Global import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($2,735 per ton), while the United Arab Emirates ($1,348 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Concentrated Pineapple Juice

In 2022, overseas shipments of concentrated pineapple juice increased by 5.1% to 498K tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, concentrated pineapple juice exports expanded remarkably to $664M in 2022. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

In 2022, the Philippines (231K tons) represented the major exporter of concentrated pineapple juice, achieving 47% of total exports. Thailand (64K tons) held the second position in the ranking, followed by the Netherlands (46K tons), Costa Rica (41K tons) and Indonesia (28K tons). All these countries together took approx. 36% share of total exports. The following exporters - Kenya (20K tons) and South Africa (16K tons) - together made up 7.3% of total exports.

Exports from the Philippines increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Kenya (+10.3%), South Africa (+5.4%), Indonesia (+2.8%) and Costa Rica (+1.2%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.3% from 2012-2022. By contrast, the Netherlands (-2.3%) and Thailand (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Kenya increased by +18 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concentrated pineapple juice supplying countries worldwide were the Philippines ($169M), Thailand ($127M) and the Netherlands ($117M), together accounting for 62% of global exports.

Among the main exporting countries, the Philippines, with a CAGR of +9.9%, saw the highest rates of growth with regard to 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 2022, the average concentrated pineapple juice export price amounted to $1,334 per ton, surging by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2015 an increase of 34%. As a result, the export price reached the peak level of $1,425 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,553 per ton), while the Philippines ($730 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform