Asian pineapple market: Consumption continues to increase
In 2017, the Asian pineapple market grew to 11.7M tonnes, increasing by 5% over the last year according to a report by IndexBox. After a gradual decline from 2007 to 2010, the volume of consumption bounced back in 2011 and continued to increase gradually through 2017, with only mild fluctuations in certain years. The rapid growth in the Asian population and consumer incomes constituted the key drivers behind the increase in the demand for pineapples.
In wholesale prices, the expansion of the market was more pronounced, surging from $2.3B in 2007 to $4.1 B in 2017. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the last ten years, the market value increased with an annual average growth rate of +5.8%.
The Philippines, India, China, Thailand, and Indonesia — the Largest Countries in the Asian Region — Account for over 80% of the Pineapple Consumption . Indexbox has just released a report on the current situation, titled Asia: Pineapples – Market Report. Analysis And Forecast To 2025.
The countries with the highest consumption were the Philippines (2.3M or 20% of total consumption), India (2.1 M tonnes or 18%), China (1.8M tonnes or 15%), Thailand (1.7M tonnes or 15%) and Indonesia (1.6M tonnes or 13%). The remaining consuming markets together comprised near 19% of Asian consumption.
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