Asia’s Canned Pineapples Market – Thailand Holds the Lion’s Share of Exports
IndexBox has just published a new report: ‘Asia – Canned Pineapples – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
The revenue of the canned pineapple market in Asia amounted to $990M in 2018, approximately mirroring 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).
The market value increased at an average annual rate of +3.4% from 2008 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2009, with an increase of 18% y-o-y. The level of canned pineapple consumption peaked at $1.1B in 2016; however, from 2017 to 2018, consumption failed to regain its momentum.
Production in Asia
The canned pineapple production stood at 1.7M tonnes in 2018, waning by -5.5% against the previous year.
Exports in Asia
In 2018, the amount of canned pineapples exported in Asia stood at 842K tonnes, falling by -17.9% against the previous year. Over the period under review, canned pineapple exports continue to indicate a temperate drop.
In value terms, canned pineapple exports stood at $796M (IndexBox estimates) in 2018.
Exports by Country
Thailand represented the key exporting country with an export of about 412K tonnes, which recorded 49% of total exports. The Philippines (221K tonnes) held a 26% share (based on tonnes) of total exports, which put it in second place, followed by Indonesia (19%). Viet Nam (20K tonnes) followed a long way behind the leaders.
From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Philippines, while the other leaders experienced a decline in the exports figures.
In value terms, Thailand ($404M) remains the largest canned pineapple supplier in Asia, comprising 51% of total canned pineapple exports. The second position in the ranking was occupied by the Philippines ($192M), with a 24% share of total exports. It was followed by Indonesia, with a 20% share.
Export Prices by Country
The canned pineapple export price in Asia stood at $945 per tonne in 2018, falling by -15.3% against the previous year. Overall, the canned pineapple export price continues to indicate a relatively flat trend pattern.
Average export prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following export prices: in Thailand ($979 per tonne) and Indonesia ($975 per tonne), while Viet Nam ($817 per tonne) and the Philippines ($868 per tonne) were amongst the lowest.
From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by the Philippines, while the other leaders experienced mixed trends in the export price figures.
Source: IndexBox AI Platform