Report Update Nov 1, 2024

Puerto Rico - Frozen Fish and Seafood - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Puerto Rico

In 2021, the Puerto Rican frozen fish and seafood market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Frozen Fish And Seafood in Puerto Rico

In value terms, frozen fish and seafood production rose remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2018 with an increase of 82%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Frozen Fish And Seafood

Exports from Puerto Rico

In 2021, approx. less than X kg of frozen fish and seafood were exported from Puerto Rico; almost unchanged from 2020 figures. In general, exports saw a relatively flat trend pattern.

In value terms, frozen fish and seafood exports amounted to less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons) and Russia (X tons) were the main exporters of frozen fish and seafoodin the world, together committing 23% of total exports. It was followed by the United States (X tons), making up a 6.3% share of total exports. The following exporters - Indonesia (X tons), Spain (X tons), Vietnam (X tons), India (X tons), Norway (X tons), Ecuador (X tons), South Korea (X tons), Japan (X tons), the Netherlands (X tons) and Chile (X tons) - together made up 34% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +8.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood supplying countries from Puerto Rico were China ($X), Russia ($X) and the United States ($X), with a combined 28% share of total exports. These countries were followed by India, Indonesia, Vietnam, Ecuador, Spain, Chile, Norway, the Netherlands, South Korea and Japan, which together accounted for a further 35%.

India, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of exports, among 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, stabilizing at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.4%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Puerto Rico

Frozen fish and seafood imports into Puerto Rico was estimated at less than X kg in 2021, remaining relatively unchanged against 2020. In general, imports recorded a relatively flat trend pattern.

In value terms, frozen fish and seafood imports stood at less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), followed by the United States (X tons), Thailand (X tons), Japan (X tons), South Korea (X tons) and Spain (X tons) represented the key importers of frozen fish and seafood, together constituting 50% of total imports. Cote d'Ivoire (X tons), Russia (X tons), Italy (X tons), France (X tons), Germany (X tons), Ukraine (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 43% share of total imports.

China, with a CAGR of +8.7%, saw 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, stabilizing at the previous year. Over the period under review, the import price recorded 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 ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen fish and seafood in the world?

The country with the largest volume of frozen fish and seafood consumption was China, comprising approx. 30% of total volume. Moreover, frozen fish and seafood consumption in China exceeded the figures recorded by the second-largest consumer, Russia, fivefold. The third position in this ranking was occupied by Japan, with a 5.8% share.

What are the largest producers of frozen fish and seafood in the world?

The country with the largest volume of frozen fish and seafood production was China, comprising approx. 29% of total volume. Moreover, frozen fish and seafood production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was occupied by India, with a 5.1% share.

What are the leading suppliers of frozen fish and seafood to Puerto Rico?

In value terms, the largest frozen fish and seafood importing markets into Puerto Rico were the United States, China and Japan, with a combined 39% share of total imports. These countries were followed by Spain, Italy, Thailand, South Korea, France, the Netherlands, Germany, Russia, Vietnam and Cote d'Ivoire, which together accounted for a further 31%.

What are the leading importers of frozen fish and seafood from Puerto Rico?

In value terms, China, India and Ecuador were the countries with the highest levels of exports in 2021, together accounting for 29% of total exports.

What is the average export price for frozen fish and seafood in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, approximately equating the previous year.

What is the average import price for frozen fish and seafood in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the market for frozen fish and seafood 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 10201330 - Frozen whole salt water fish
Prodcom 10201360 - Frozen whole fresh water fish
Prodcom 10201400 - Frozen fish fillets
Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Prodcom 10201600 - Frozen fish livers and roes

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