Puerto Rico: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Puerto Rico

The Puerto Rican seafood meals and pellets market was estimated at less than $X in 2021, approximately reflecting 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). Over the period under review, consumption saw a relatively flat trend pattern.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Puerto Rico

In 2021, exports of flours, meals and pellets of fish or of crustaceans and molluscs from Puerto Rico was estimated at less than X kg, almost unchanged from the year before. Overall, exports showed a relatively flat trend pattern.

In value terms, seafood meals and pellets exports totaled less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

Peru represented the major exporting country with an export of about X tons, which amounted to 35% of total exports. Chile (X tons) ranks second in terms of the total exports with a 7.1% share, followed by Denmark (5.5%). Vietnam (X tons), Morocco (X tons), Thailand (X tons), the United States (X tons), Norway (X tons), Russia (X tons), Mauritania (X tons), Germany (X tons), Iceland (X tons) and India (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to seafood meals and pellets exports from Peru stood at -1.3%. At the same time, India (+23.9%), Norway (+20.7%), Mauritania (+13.3%), Russia (+8.6%), Thailand (+7.7%), Morocco (+4.9%) and Vietnam (+4.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.9% from 2012-2021. Denmark and Iceland experienced a relatively flat trend pattern. By contrast, the United States (-1.5%), Chile (-2.6%) and Germany (-10.9%) illustrated a downward trend over the same period. Iceland (+2.4 p.p.), Norway (+2.3 p.p.), India (+1.9 p.p.), Mauritania (+1.8 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Chile, Germany and Peru saw its share reduced by -2.6%, -5.1% and -7.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest seafood meals and pellets supplier from Puerto Rico, comprising 36% of global exports. The second position in the ranking was taken by Chile ($X), with a 7.8% share of global exports. It was followed by Denmark, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Peru was relatively modest. In the other countries, the average annual rates were as follows: Chile (-1.3% per year) and Denmark (+2.8% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable 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 Denmark ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Puerto Rico

In 2021, approx. less than X kg of flours, meals and pellets of fish or of crustaceans and molluscs were imported into Puerto Rico; leveling off at the previous year. Overall, imports recorded a relatively flat trend pattern.

In value terms, seafood meals and pellets imports amounted to less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons) was the largest importer of flours, meals and pellets of fish or of crustaceans and molluscs, creating 46% of total imports. It was distantly followed by Turkey (X tons), mixing up a 6.6% share of total imports. The following importers - Norway (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), the UK (X tons), Indonesia (X tons), Greece (X tons), Germany (X tons), the United States (X tons), Thailand (X tons) and Spain (X tons) - together made up 30% of total imports.

Imports into China increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, Thailand (+17.1%), Turkey (+16.7%), the United States (+6.3%), Spain (+4.2%), the UK (+4.0%), Greece (+3.8%) and Vietnam (+3.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +17.1% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.7%), Norway (-4.0%), Japan (-5.7%) and Germany (-11.3%) illustrated a downward trend over the same period. China (+10 p.p.) and Turkey (+4.7 p.p.) significantly strengthened its position in terms of the global imports, while Taiwan (Chinese), Norway, Japan and Germany saw its share reduced by -1.6%, -2.8%, -3.6% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs into Puerto Rico, comprising 47% of global imports. The second position in the ranking was held by Turkey ($X), with a 6.2% share of global imports. It was followed by Norway, with a 5.6% share.

In China, seafood meals and pellets imports increased at an average annual rate of +5.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+16.8% per year) and Norway (-2.1% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Overall, 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 the UK ($X per ton), while Indonesia ($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 UK (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :