Pineapple Juice (Single Strength) Market

The global pineapple juice (single strength) market is expected to experience growth in both volume and value terms from 2022 to 2030, with a forecasted CAGR of +2.2% and +4.6%, respectively. Consumption and production are increasing steadily, with key countries like Costa Rica, the Netherlands, and the Philippines playing significant roles in both imports and exports. Average prices are also on the rise, indicating a positive outlook for the market in the years to come.

Market Forecast

Driven by increasing demand for pineapple juice (single strength) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $1.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pineapple Juice (Single Strength)

Global pineapple juice (single strength) consumption was estimated at 1.4M tons in 2022, increasing by 5% on the previous year. The total consumption volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the consumption volume increased by 5.6% against the previous year. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The global pineapple juice (single strength) market size expanded modestly to $993M in 2022, increasing by 1.9% 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). Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 7.2%. Global consumption peaked in 2022 and is likely to see steady growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Indonesia (205K tons), Thailand (200K tons) and the Philippines (160K tons), together accounting for 41% of global consumption. Costa Rica, Brazil, Angola, the United States, China, India, France, Malaysia, the UK and Kenya lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Angola (with a CAGR of +7.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest pineapple juice (single strength) markets worldwide were the Philippines ($144M), Thailand ($117M) and Brazil ($109M), with a combined 37% share of the global market. Indonesia, the United States, Angola, China, India, France, Kenya, the UK, Malaysia and Costa Rica lagged somewhat behind, together accounting for a further 42%.

The UK, with a CAGR of +6.8%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of pineapple juice (single strength) per capita consumption was registered in Costa Rica (28 kg per person), followed by Thailand (2.9 kg per person), Angola (1.7 kg per person) and the Philippines (1.4 kg per person), while the world average per capita consumption of pineapple juice (single strength) was estimated at 0.2 kg per person.

In Costa Rica, pineapple juice (single strength) per capita consumption plunged by an average annual rate of -2.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Thailand (-1.8% per year) and Angola (+4.0% per year).

Production

World Production of Pineapple Juice (Single Strength)

In 2022, the amount of pineapple juice (single strength) produced worldwide rose slightly to 1.3M tons, growing by 2.1% on 2021 figures. Overall, production continues to indicate a mild increase. The growth pace was the most rapid in 2016 with an increase of 3.3%. Global production peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, pineapple juice (single strength) production dropped modestly to $776M in 2022 estimated in export price. Over the period under review, production, however, recorded a slight setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by 9.2% against the previous year. Global production peaked at $950M in 2013; however, from 2014 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Costa Rica (260K tons), Indonesia (205K tons) and Thailand (201K tons), together comprising 50% of global production. The Philippines, Brazil, Angola, China, India, Malaysia, Mexico and Kenya lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +17.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Pineapple Juice (Single Strength)

In 2022, purchases abroad of pineapple juice (single strength) increased by less than 0.1% to 377K tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, pineapple juice (single strength) imports expanded remarkably to $354M in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value 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, imports increased by +83.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the Netherlands (95K tons), distantly followed by the United States (56K tons), France (39K tons), the UK (29K tons), Spain (27K tons), Belgium (25K tons) and Germany (23K tons) were the key importers of pineapple juice (single strength), together generating 78% of total imports. The following importers - China (7.9K tons) and Guyana (6.1K tons) - each reached a 3.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +70.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($79M), the United States ($49M) and France ($42M) constituted the countries with the highest levels of imports in 2022, together accounting for 48% of global imports. The UK, Spain, Belgium, Germany, China and Guyana lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Guyana, with a CAGR of +69.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average pineapple juice (single strength) import price amounted to $937 per ton, growing by 13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($1,063 per ton) and Spain ($1,049 per ton), while the Netherlands ($830 per ton) and China ($834 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pineapple Juice (Single Strength)

In 2022, shipments abroad of pineapple juice (single strength) decreased by -10.3% to 334K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 23% against the previous year. The global exports peaked at 429K tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pineapple juice (single strength) exports expanded markedly to $308M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports By Country

Costa Rica (113K tons) and the Netherlands (84K tons) represented roughly 59% of total exports in 2022. Belgium (20K tons) held the next position in the ranking, followed by Spain (15K tons) and Germany (15K tons). All these countries together held approx. 15% share of total exports. The following exporters - Cyprus (11K tons), Benin (7.1K tons), Guatemala (7.1K tons), Austria (6.8K tons), Nepal (5.7K tons) and the Philippines (5.4K tons) - together made up 13% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Benin (with a CAGR of +43.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest pineapple juice (single strength) supplying countries worldwide were Costa Rica ($90M), the Netherlands ($86M) and Belgium ($20M), together comprising 64% of global exports. Spain, Germany, Austria, the Philippines, Cyprus, Guatemala, Nepal and Benin lagged somewhat behind, together accounting for a further 21%.

Among the main exporting countries, Benin, with a CAGR of +39.4%, recorded 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

The average pineapple juice (single strength) export price stood at $923 per ton in 2022, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Philippines ($1,274 per ton), while Benin ($394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform