Philippine Pineapple Exports Set for Record-Breaking Year
The Philippine pineapple industry, renowned for its rich flavor and quality, is gearing up for a record-breaking year in exports. According to the latest “Philippines Pineapple Export Research Report 2024-2033” added to ResearchAndMarkets.com’s offerings, the industry’s growth trajectory is stronger than ever, particularly with exports to China leading the charge.
In 2023, the Philippines exported an impressive 200,000 tons of pineapples to China, almost monopolizing the Chinese market. Backed by supportive government policies, this substantial export volume highlights the country’s strategic efforts to bolster the pineapple sector and enhance its international presence.
| Key Metrics | Details |
|---|---|
| Export Volume in 2023 | 200,000 Metric Tons to China |
| Total Export Value for 2023 | USD 255 Million |
| H1 2024 Export Value | USD 193 Million |
| Estimated Market Value in 2024 | USD 263.16 Million |
| Forecasted Market Value by 2033 | USD 349.41 Million |
| Compound Annual Growth Rate (CAGR) | 3.2% |
| Top Export Destinations | China, Japan, South Korea, UAE, Sudan, New Zealand |
| Top Importing Companies | Itochu Corporation Co. Ltd, Dole (Shanghai), Lion King Supply |
| Leading Exporters | PHILPACK, Dole Philippines Inc., Mt. Kitanglad Agri-Development |
| Geographical Advantages | Low cultivation costs, favorable climate |
| Export Market Dominance | China holds over 40% of total export value |
The economic impact of this export surge is significant, with the total export value reaching USD 255 million in 2023. Within the first half of 2024 alone, the export value approached USD 193 million, indicating robust demand and a promising outlook for the remainder of the year.
China remains the largest market for Philippine pineapples, commanding over 40% of the total export value. Japan and South Korea also play crucial roles, along with emerging markets such as the UAE, Sudan, and New Zealand. Major importers include prominent companies like Itochu Corporation Co. Ltd, Dole (Shanghai) Fruits and Vegetables Trading Co. Ltd, and Lion King Supply Chain Management.
Philippine Pineapple Export Market
Market forecast to grow at a CAGR of 3.2%
The majority of exports are driven by local Philippine-grown companies, with leading exporters such as PHILPACK, Dole Philippines Inc., and Mt. Kitanglad Agri-Development at the forefront. The report underscores the Philippines’ unique geographical advantages and cost-effective cultivation practices as key drivers of its burgeoning export market.
With a forecasted market value of USD 263.16 million for 2024 and an anticipated growth to USD 349.41 million by 2033, the Philippine pineapple industry is poised for continued expansion. This growth is supported by a compound annual growth rate of 3.2%, driven by global consumer demand for healthy foods.
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