Puerto Rico: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Puerto Rico

In 2021, the Puerto Rican dried or smoked fish market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.9% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Dried Or Smoked Fish in Puerto Rico

In value terms, dried or smoked fish production stood at $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.3% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 120% against the previous year. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports from Puerto Rico

In 2021, exports of dried or smoked fish from Puerto Rico was estimated at less than X kg, approximately mirroring 2020. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, dried or smoked fish exports stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, Norway (X tons), distantly followed by Poland (X tons), China (X tons), the Netherlands (X tons) and Sweden (X tons) were the main exporters of dried or smoked fish, together comprising 48% of total exports. Vietnam (X tons), Denmark (X tons), Germany (X tons), Canada (X tons), Thailand (X tons), Belarus (X tons), Lithuania (X tons) and the United Arab Emirates (X tons) took a little 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 Belarus (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest dried or smoked fish supplying countries from Puerto Rico were Poland ($X), Norway ($X) and the Netherlands ($X), with a combined 38% share of total exports. Germany, China, Denmark, Lithuania, Sweden, Vietnam, Canada, Belarus, Thailand and the United Arab Emirates lagged somewhat behind, together accounting for a further 35%.

Belarus, with a CAGR of +18.9%, recorded 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

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Puerto Rico

In 2021, approx. less than X kg of dried or smoked fish were imported into Puerto Rico; almost unchanged from the previous year's figure. Overall, imports recorded a relatively flat trend pattern.

In value terms, dried or smoked fish imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Germany (X tons), Portugal (X tons), Italy (X tons), China (X tons), the Netherlands (X tons), Sweden (X tons), the United States (X tons), Nigeria (X tons), Sri Lanka (X tons), Spain (X tons), Malaysia (X tons) and Russia (X tons) represented the major importer of dried or smoked fish in the world, generating 58% of total import. France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) constituted the countries with the highest levels of imports in 2021, with a combined 30% share of total imports. The United States, Sweden, the Netherlands, France, Spain, Russia, China, Nigeria, Sri Lanka and Malaysia lagged somewhat behind, together comprising a further 31%.

China, with a CAGR of +26.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

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

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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