Pineapple Market

Driven by increasing global demand, the pineapple market is expected to grow with a CAGR of +2.2% in volume and +4.5% in value from 2022 to 2030. Consumption, production, import, and export trends are analyzed, with key countries such as Indonesia, the Philippines, and Brazil leading in consumption and production. The United States and the Netherlands are key importers, while Costa Rica dominates in exports. Price trends and growth rates are also discussed, with insights into future market projections.

Market Forecast

Driven by increasing demand for pineapples worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 35M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $37.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pineapples

In 2022, consumption of pineapples increased by 2.7% to 30M tons, rising for the second year in a row after two years of decline. The total consumption volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the consumption volume increased by 6% against the previous year. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in the immediate term.

The global pineapple market value shrank slightly to $26.2B in 2022, with a decrease of -2.2% 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 +3.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked at $26.7B in 2021, and then contracted modestly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Indonesia (3.2M tons), the Philippines (2.6M tons) and Brazil (2.3M tons), with a combined 27% share of global consumption. China, India, Thailand, Nigeria, the United States, Mexico, Costa Rica, Colombia, Angola and Vietnam lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +9.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($3.1B), Indonesia ($2.2B) and the Philippines ($1.6B) constituted the countries with the highest levels of market value in 2022, together comprising 26% of the global market.

Among the main consuming countries, China, with a CAGR of +9.1%, saw 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 pineapple per capita consumption was registered in Costa Rica (187 kg per person), followed by Thailand (24 kg per person), the Philippines (23 kg per person) and Angola (20 kg per person), while the world average per capita consumption of pineapple was estimated at 3.8 kg per person.

In Costa Rica, pineapple per capita consumption increased at an average annual rate of +1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-3.8% per year) and the Philippines (+1.1% per year).

Production

World Production of Pineapples

In 2022, production of pineapples increased by 2.3% to 29M tons, rising for the second consecutive year after two years of decline. The total output volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 5.1% against the previous year. Over the period under review, global production attained the peak volume in 2022 and is likely to continue growth in years to come. The general positive trend in terms output was largely conditioned by a temperate increase of the harvested area and a mild expansion in yield figures.

In value terms, pineapple production dropped to $26B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16%. Global production peaked at $27.7B in 2021, and then shrank in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were Indonesia (3.2M tons), the Philippines (2.9M tons) and Costa Rica (2.9M tons), together comprising 31% of global production. Brazil, China, India, Thailand, Nigeria, Mexico, Colombia, Angola, Vietnam and Ghana lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Angola (with a CAGR of +9.7%), while production for the other global leaders experienced more modest paces of growth.

Yield

The global average pineapple yield expanded modestly to 28 tons per ha in 2022, with an increase of 1.9% compared with the year before. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 3.2% against the previous year. The global yield peaked in 2022 and is expected to retain growth in the immediate term.

Harvested Area

In 2022, approx. 1.1M ha of pineapples were harvested worldwide; therefore, remained relatively stable against 2021. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 2.6%. As a result, the harvested area attained the peak level of 1.1M ha; afterwards, it flattened through to 2022.

Imports

World Imports of Pineapples

In 2022, approx. 3.5M tons of pineapples were imported worldwide; standing approx. at the previous year. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 9.3%. Over the period under review, global imports hit record highs at 3.5M tons in 2021, and then dropped in the following year.

In value terms, pineapple imports totaled $2.7B in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 9.2%. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (1.2M tons) represented the key importer of pineapples, achieving 36% of total imports. The Netherlands (225K tons) took the second position in the ranking, followed by China (208K tons), Japan (176K tons), Spain (161K tons) and Belgium (159K tons). All these countries together held near 27% share of total imports. The following importers - France (146K tons), Italy (144K tons), Germany (139K tons), Canada (129K tons), the UK (112K tons), Portugal (70K tons) and South Korea (67K tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to pineapple imports into the United States stood at +3.0%. At the same time, China (+21.9%), Portugal (+4.4%), France (+3.7%) and Spain (+2.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +21.9% from 2012-2022. Canada, Japan, Italy and South Korea experienced a relatively flat trend pattern. By contrast, Belgium (-1.8%), the Netherlands (-2.2%), the UK (-2.5%) and Germany (-2.6%) illustrated a downward trend over the same period. While the share of China (+5 p.p.) and the United States (+4.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-1.7 p.p.), Belgium (-1.9 p.p.), Germany (-2.2 p.p.) and the Netherlands (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($760M) constitutes the largest market for imported pineapples worldwide, comprising 28% of global imports. The second position in the ranking was taken by the Netherlands ($198M), with a 7.4% share of global imports. It was followed by China, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +2.4%. In the other countries, the average annual rates were as follows: the Netherlands (-0.9% per year) and China (+22.5% per year).

Import Prices By Country

In 2022, the average pineapple import price amounted to $770 per ton, with an increase of 4.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Global import price peaked at $790 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($937 per ton), while the United States ($613 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pineapples

In 2022, overseas shipments of pineapples decreased by -5.1% to 3.2M tons, falling for the fourth consecutive year after three years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 18% against the previous year. Over the period under review, the global exports reached the peak figure at 3.7M tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pineapple exports expanded modestly to $2.2B in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 18%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, Costa Rica (1.9M tons) represented the major exporter of pineapples, committing 60% of total exports. The Philippines (332K tons) took the second position in the ranking, followed by the Netherlands (149K tons). All these countries together held approx. 15% share of total exports. Belgium (119K tons), the United States (119K tons), Honduras (81K tons) and Ecuador (62K tons) held a little share of total exports.

Costa Rica experienced a relatively flat trend pattern with regard to volume of exports of pineapples. At the same time, Honduras (+5.0%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.0% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Ecuador (-1.0%), the Philippines (-1.8%), Belgium (-3.5%) and the Netherlands (-3.8%) illustrated a downward trend over the same period. While the share of Costa Rica (+3.4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Philippines (-1.7 p.p.) and the Netherlands (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($1B) remains the largest pineapple supplier worldwide, comprising 47% of global exports. The second position in the ranking was held by the Philippines ($333M), with a 15% share of global exports. It was followed by the Netherlands, with a 7.2% share.

In Costa Rica, pineapple exports increased at an average annual rate of +2.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+12.6% per year) and the Netherlands (-2.2% per year).

Export Prices By Country

The average pineapple export price stood at $693 per ton in 2022, surging by 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2019 when the average export price increased by 9.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($1,073 per ton), while Costa Rica ($534 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+14.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform