The Philippines is set to see a significant increase in its pineapple exports this year, driven by strong demand from key markets like China, Japan, and Korea. According to the Food and Agriculture Organization of the United Nations (FAO), exports are projected to reach 692,365 metric tons, up 16% from the previous year.
The Philippines pineapple exports will expand by 16 percent this year, the Food and Agriculture Organization of the United Nations ( FAO ) said. The FAO forecasts that the country’s pineapple exports will reach 692,365 metric tons (MT) in 2024 from 598,077 MT in the previous year owing to strong demand from countries like China , Japan and Korea .
Preliminary trade data for the period up to August 2024 show a 3-percent year-on-year increase in shipments to China, the leading recipient of pineapples from the Philippines at a share of some 40 percent over this period, the organization said in its latest report. Further key import markets for pineapples from the Philippines remained Japan and the Republic of Korea over the first eight months of 2024, at quantity shares of some 33 percent and 16 percent, respectively, it added. The FAO noted that shipments of Filipino pineapples to both countries grew by 28 percent to Japan and 37 percent to the Republic of Korea from the previous year. In terms of price, the international organization said the average quotation of shipments from the Philippines to world markets stood at $617 per MT over the first eight months of the year, which showed a 5-percent year-on-year increase. Meanwhile, the FAO said global exports of pineapples will inch up by 4 percent this year to 3.3 million metric tons (MMT) driven by higher supplies from Costa Rica and the Philippines based on preliminary trade data. It added that both countries are the world’s leading exporters with market shares of around 65 percent and 21 percent, respectively. The FAO projects shipments of pineapples from Costa Rica to grow by 3 percent this year to 2.1 MMT, with leading destinations to the United States and the European Union where demand remained firm
Philippines Pineapple Exports FAO China Japan Korea Agriculture
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