Report Update Nov 1, 2024

Puerto Rico - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Cheese Market 2024

Cheese Market Size in Puerto Rico

The Puerto Rican cheese market stood at less than $X in 2021, standing approx. at 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). Overall, consumption recorded a relatively flat trend pattern.

Cheese Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of cheese were exported from Puerto Rico; standing approx. at 2020. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, cheese exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, Germany (X tons), the Netherlands (X tons), France (X tons), New Zealand (X tons), Italy (X tons), the United States (X tons), Denmark (X tons), Belarus (X tons), Belgium (X tons), Poland (X tons) and Ireland (X tons) was the major exporter of cheese in the world, committing 78% of total export. The following exporters - Australia (X tons) and Austria (X tons) - each recorded a 4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 38% of total exports. These countries were followed by France, New Zealand, the United States, Denmark, Belgium, Ireland, Belarus, Poland, Austria and Australia, which together accounted for a further 43%.

New Zealand, with a CAGR of +8.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.6%), while the other leaders experienced more modest paces of growth.

Cheese Imports

Imports into Puerto Rico

In 2021, the amount of cheese imported into Puerto Rico was estimated at less than X kg, almost unchanged from the year before. In general, imports showed a relatively flat trend pattern.

In value terms, cheese imports stood at less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Germany (X tons), followed by Italy (X tons), France (X tons), Belgium (X tons), the UK (X tons) and the Netherlands (X tons) were the main importers of cheese, together achieving 41% of total imports. Russia (X tons), Spain (X tons), Japan (X tons), Saudi Arabia (X tons), the United States (X tons), China (X tons) and South Korea (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported cheese into Puerto Rico, comprising 14% of global imports. The second position in the ranking was taken by France ($X), with a 6.5% share of global imports. It was followed by Italy, with a 5.9% share.

In Germany, cheese imports expanded at an average annual rate of +3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+5.5% per year) and Italy (+0.3% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese in the world?

The country with the largest volume of cheese consumption was the United States, comprising approx. 25% of total volume. Moreover, cheese consumption in the United States exceeded the figures recorded by the second-largest consumer, Germany, threefold. France ranked third in terms of total consumption with a 6% share.

What are the largest producers of cheese in the world?

The country with the largest volume of cheese production was the United States, accounting for 27% of total volume. Moreover, cheese production in the United States exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by France, with a 7.2% share.

What are the leading suppliers of cheese to Puerto Rico?

In value terms, Germany constitutes the largest market for imported cheese into Puerto Rico, comprising 14% of global imports. The second position in the ranking was occupied by France, with a 6.3% share of global imports. It was followed by Italy, with a 5.9% share.

What are the leading importers of cheese from Puerto Rico?

In value terms, Germany, the Netherlands and Italy constituted the countries with the highest levels of exports in 2021, together accounting for 39% of total exports. These countries were followed by France, the United States, Denmark, New Zealand, Belarus, Belgium, Ireland, Poland and Austria, which together accounted for a further 40%.

What is the average export price for cheese in Puerto Rico?

The cheese export price in Puerto Rico stood at $less than 0.1 per ton in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for cheese in Puerto Rico?

In 2021, the cheese import price in Puerto Rico amounted to $less than 0.1 per ton, flattening at the previous year.

This report provides an in-depth analysis of the cheese 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:

FCL 901 - Cheese from Whole Cow Milk
FCL 904 - Cheese from Skimmed Cow Milk
FCL 905 - Whey Cheese
FCL 907 - Processed Cheese
FCL 955 - Cheese of Buffalo Milk
FCL 984 - Cheese of Sheep Milk
FCL 1021 - Cheese of Goat Milk

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