Report Update Nov 1, 2024

Puerto Rico - Biological Products - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Biological Product Market 2024

Biological Product Market Size in Puerto Rico

The Puerto Rican biological product market reached $X in 2021, increasing by 2.3% against the previous year. In general, consumption, however, showed a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Biological Product Production in Puerto Rico

In value terms, biological product production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Biological Product Exports

Exports by Country

In 2021, China (X tons), distantly followed by the United States (X tons), Spain (X tons), Germany (X tons), Belgium (X tons) and France (X tons) represented the major exporters of biological products, together mixing up 71% of total exports. The Netherlands (X tons), South Korea (X tons), Canada (X tons), the UK (X tons), Austria (X tons), Argentina (X tons) and Italy (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +47.8%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 41% of total exports. China, the Netherlands, France, Italy, Spain, Austria, South Korea, the UK, Canada and Argentina lagged somewhat behind, together accounting for a further 26%.

Among the main exporting countries, China, with a CAGR of +70.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Biological Product Imports

Imports by Country

In 2021, Germany (X tons), Pakistan (X tons), Canada (X tons), Belgium (X tons), Austria (X tons), the United States (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Brazil (X tons), China (X tons) and Colombia (X tons) was the key importer of biological products in the world, achieving 59% of total import. Italy (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +28.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 39% of total imports. China, the Netherlands, France, Italy, Spain, Canada, Brazil, Austria, Pakistan and Colombia lagged somewhat behind, together comprising a further 25%.

In terms of the main importing countries, the Netherlands, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for biological products in the world?

The countries with the highest volumes of biological product consumption in 2020 were China, France and the United States, together accounting for 35% of global consumption. India, Germany, Japan, Russia, Spain, Belgium, Mexico, Vietnam, Italy and Argentina lagged somewhat behind, together comprising a further 36%.

What are the largest producers of biological products in the world?

The countries with the highest volumes of biological product production in 2020 were China, Switzerland and the United States, together accounting for 45% of global production. These countries were followed by France, Ireland, India, Germany, Spain, Japan, Russia, the UK, Argentina and South Korea, which together accounted for a further 43%.

What are the leading suppliers of biological products to Puerto Rico?

In value terms, the largest biological product importing markets into Puerto Rico were the United States, Germany and Belgium, with a combined 38% share of total imports. Switzerland, China, the Netherlands, Italy, France, Canada, Spain, Austria, Colombia and Vietnam lagged somewhat behind, together accounting for a further 32%.

What are the leading importers of biological products from Puerto Rico?

In value terms, the largest biological product supplying countries from Puerto Rico were Switzerland, Ireland and Germany, with a combined 54% share of total exports. These countries were followed by Belgium, the United States, the Netherlands, France, South Korea, Austria, the UK, China and Spain, which together accounted for a further 35%.

What is the average export price for biological products in Puerto Rico?

In 2020, the biological product export price in Puerto Rico amounted to $less than 0.1 per ton, remaining stable against the previous year.

What is the average import price for biological products in Puerto Rico?

In 2020, the biological product import price in Puerto Rico amounted to $less than 0.1 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the biological product market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202120 -
Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine
Prodcom 21202160 - Vaccines for veterinary medicine
Prodcom 21106055 - Human blood, animal blood prepared for therapeutic, p rophylactic or diagnostic uses, cultures of micro-organisms, t oxins (excluding yeasts)
Prodcom 21202320 - Blood-grouping reagents

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023