Puerto Rico: Frozen Catfish Market 2022

Frozen Catfish Market Size in Puerto Rico

The Puerto Rican frozen catfish market stood at $X in 2019, 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). Overall, consumption saw a relatively flat trend pattern.

Frozen Catfish Exports

Exports by Country

Vietnam dominates frozen catfish exports structure, accounting for X tons, which was near X% of total exports in 2020. Indonesia (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by China (X%). The following exporters - Thailand (X tons), the Netherlands (X tons) and Malaysia (X tons) - each accounted for a X% share of total exports.

Exports from Vietnam increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%), Indonesia (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. China experienced a relatively flat trend pattern. By contrast, Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Vietnam, Indonesia and Malaysia increased by +X%, +X% and +X% percentage points, while China (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen catfish supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Vietnam stood at +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2020, the frozen catfish export price in Puerto Rico amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Frozen Catfish Imports

Imports by Country

In 2020, Colombia (X tons), distantly followed by Saudi Arabia (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) were the main importers of frozen catfish, together mixing up X% of total imports. Democratic Republic of the Congo (X tons), the U.S. (X tons), Qatar (X tons), the Netherlands (X tons), Russia (X tons), France (X tons), the UK (X tons), Uzbekistan (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Imports into Colombia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Cote d'Ivoire (+X%), Saudi Arabia (+X%), Malaysia (+X%), Democratic Republic of the Congo (+X%), Qatar (+X%), Uzbekistan (+X%), the U.S. (+X%), the Netherlands (+X%), the UK (+X%) and France (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Cameroon experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of Colombia (+X p.p.), Saudi Arabia (+X p.p.), Cote d'Ivoire (+X p.p.), Democratic Republic of the Congo (+X p.p.), the U.S. (+X p.p.), Qatar (+X p.p.), the Netherlands (+X p.p.), Uzbekistan (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of Cameroon (-X p.p.) and Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen catfish importing markets into Puerto Rico were Colombia ($X), Saudi Arabia ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports.

Among the main importing countries, Saudi Arabia saw 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.

Import Prices by Country

The frozen catfish import price in Puerto Rico stood at $X per ton in 2020, approximately mirroring the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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