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Asia’s Canned Pineapples Market – Thailand Holds the Lion’s Share of Exports

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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

Report: Seafood Product Market in the USA

IndexBox has just published a new report, the U.S. Seafood Product Market. Analysis And Forecast to 2025. Here is a summary of the report’s key findings.

The revenue of the seafood product market in the U.S. amounted to $16B in 2018, growing by 7.8% 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).

The market value increased at an average annual rate of +5.7% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015, when the market value increased by 8.5% y-o-y. Over the period under review, the seafood product market attained its peak figure level in 2018, and is likely to see steady growth in the immediate term.

Seafood Product Production in the USA

In value terms, seafood product production stood at $14.2B in 2018. The total output value increased at an average annual rate of +5.7% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when it surged by 9.8% year-to-year.

Seafood Product Exports

Exports from the USA

In 2018, seafood product exports from the U.S. stood at 13K tonnes, surging by 9.4% against the previous year. In general, seafood product exports continue to indicate an abrupt contraction.

In value terms, seafood product exports amounted to $78M (IndexBox estimates) in 2018.

Exports by Country

The UK (4.9K tonnes), Australia (4.6K tonnes) and the Netherlands (1.3K tonnes) were the main destinations of seafood product exports from the U.S., together comprising 81% of total exports. New Zealand, Japan and China lagged somewhat behind, together comprising a further 9.4%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Japan (+2.4% per year), while the other leaders experienced a decline.

In value terms, the largest markets for seafood product exported from the U.S. were the UK ($28M), Australia ($26M) and the Netherlands ($6.6M), with a combined 78% share of total exports. Japan, New Zealand and China lagged somewhat behind, together comprising a further 9.3%.

Export Prices by Country

In 2018, the average seafood product export price amounted to $5.8 per kg, surging by 19% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +5.2%.

Export prices varied noticeably by the country of origin; the country with the highest export price was Japan ($9 per kg), while the average price for exports to China ($2.9 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to New Zealand (+8.3% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Seafood Product Imports

Imports into the USA

In 2018, approx. 334K tonnes of seafood product were imported into the U.S.; rising by 4.3% against the previous year.

In value terms, seafood product imports stood at $1.5B (IndexBox estimates) in 2018.

Imports by Country

In 2018, Thailand (124K tonnes) constituted the largest seafood product supplier to the U.S., accounting for a 37% share of total imports. Moreover, seafood product imports from Thailand exceeded the figures recorded by the second largest supplier, China (54K tonnes), twofold. The third position in this ranking was occupied by Ecuador (33K tonnes), with a 9.9% share.

From 2013 to 2018, the average annual growth rate of volume from Thailand stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.4% per year) and Ecuador (+5.2% per year).

In value terms, Thailand ($508M) constituted the largest supplier of seafood product to the U.S., comprising 34% of total seafood product imports. The second position in the ranking was occupied by China ($183M), with a 12% share of total imports. It was followed by Ecuador, with a 9.7% share.

Import Prices by Country

In 2018, the average seafood product import price amounted to $4.5 per kg, rising by 6.1% against the previous year. In general, the seafood product import price continues to indicate a relatively flat trend pattern.

Import prices varied noticeably by the country of origin; the country with the highest import price was Fiji ($6.3 per kg), while the price for China ($3.4 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Senegal (+15.3% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Trident Seafoods Corporation, Gorton’s Inc., Bee Bumble Foods, Icicle Seafoods, Tampa Maid Foods, Blount Fine Foods, Omega Protein Corporation, Peter Pan Seafoods, Orca Bay Seafoods, Tampa Bay Fisheries, Sea Watch International, Trans-Ocean Products, Consolidated Catfish Companies, High Liner Foods (usa), The Harris Soup Company, Kanaway Seafoods, Fisherman’s Pride Processors, Copper River Seafoods, State Fish Co., America’s Catch, North Coast Sea-Foods, Heartland Catfish Company, North Pacific Seafoods, Ocean Beauty Seafoods, California Shellfish Company, Thai Union International

Source: IndexBox AI Platform

Zales Plans Major Asian Marketing Campaign

Los Angeles, CA – Zalemark Holding Company Inc. has sent its top designer, Steven Zale, to its factories in Thailand to prepare, in advance, the sample line concepts to bring to market for the launch of its jewelry brand.

Zalemark is expected to announce details of the long-term project in a few weeks.

“We feel that this new and unique jewelry line will revolutionize the industry and provide a stellar launching pad for this iconic brand’s entry into the jewelry market,” said Warren K. Nobusada, Zalemark’s newly-appointed chairman and CEO.

The result, he said, “will be an innovative, ‘must have’ line of jewelry that appeals to jewelry lovers from pre-teens to adults that will be set apart for its distinctiveness, beauty, and appealingly colorful design, resulting in an inventive, high-quality and high-profile presence in the jewelry industry for this important company’s brand and for Zalemark.”

10/22/2014

Global Market Advisors Open New Office in Thailand

Las Vegas, NV – Global Market Advisors LLC, the international casino gaming, hospitality and travel industry consultancy, has opened an Asia regional office in the central business district of Bangkok, Thailand.

The new office will support the firm’s clients located in the region in an advisory capacity in areas such as financial feasibility,  marketing strategies, and government relations for companies in the casino gaming, hospitality, airlines, and financial industries.

Global Market Advisors, LLC and its casino gaming industry consulting division, Gaming Market Advisors, has a significant history in advising clients in South Korea, Thailand, Singapore, Japan, Taiwan, Philippines, and eastern Russia.

The firm also has a strong presence in the US servicing a myriad of clients in the casino gaming and hospitality industries from offices in Denver, Colorado, and Las Vegas, Nevada.

08/15/2014