Puerto Rico: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Puerto Rico

The Puerto Rican frozen freshwater fish market totaled less than $X in 2021, flattening 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern.

Frozen Freshwater Fish Exports

Exports from Puerto Rico

In 2021, frozen freshwater fish exports from Puerto Rico stood at less than X kg, approximately reflecting the previous year's figure. Overall, exports recorded a relatively flat trend pattern.

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

Exports by Country

In 2021, China (X tons), distantly followed by Vietnam (X tons), Indonesia (X tons), Senegal (X tons), the United States (X tons) and India (X tons) were the main exporters of frozen freshwater fish, together generating 45% of total exports. The following exporters - Oman (X tons), Malaysia (X tons), New Zealand (X tons), Japan (X tons), Argentina (X tons), Mauritania (X tons) and Taiwan (Chinese) (X tons) - together made up 21% of total exports.

Exports from China decreased at an average annual rate of -5.0% from 2012 to 2021. At the same time, Senegal (+184.4%), India (+67.1%), Mauritania (+34.7%), Malaysia (+21.2%), Oman (+18.1%), Vietnam (+14.4%) and New Zealand (+3.9%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in the world, with a CAGR of +184.4% from 2012-2021. By contrast, Japan (-1.9%), Argentina (-4.3%), the United States (-5.4%), Indonesia (-7.9%) and Taiwan (Chinese) (-11.1%) illustrated a downward trend over the same period. Senegal (+5.6 p.p.), India (+5 p.p.), Vietnam (+4.9 p.p.), Oman (+2.8 p.p.), Malaysia (+2.7 p.p.) and Mauritania (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Taiwan (Chinese), Indonesia and China saw its share reduced by -2.7%, -3.9%, -5.5% and -6.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest frozen freshwater fish supplier from Puerto Rico, comprising 26% of global exports. The second position in the ranking was held by the United States ($X), with a 7.5% share of global exports. It was followed by Vietnam, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -1.6%. In the other countries, the average annual rates were as follows: the United States (-4.2% per year) and Vietnam (+18.0% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, flattening at the previous year. In general, the export price saw 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 China ($X per ton), while Oman ($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 (+9.4%), while the other leaders experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Puerto Rico

In 2021, the amount of frozen freshwater fish imported into Puerto Rico totaled less than X kg, therefore, remained relatively stable against the year before. In general, imports recorded a relatively flat trend pattern.

In value terms, frozen freshwater fish imports amounted to less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), distantly followed by South Korea (X tons), the United States (X tons), Cote d'Ivoire (X tons) and Thailand (X tons) were the largest importers of frozen freshwater fish, together committing 46% of total imports. The following importers - Japan (X tons), Malaysia (X tons), Vietnam (X tons), Colombia (X tons), Cameroon (X tons), Bangladesh (X tons), Senegal (X tons) and the Netherlands (X tons) - together made up 20% of total imports.

Imports into China increased at an average annual rate of +4.1% from 2012 to 2021. At the same time, Senegal (+224.7%), Bangladesh (+31.7%), Cote d'Ivoire (+15.0%), Colombia (+11.5%), Malaysia (+6.5%), Cameroon (+5.1%), the Netherlands (+4.4%) and the United States (+4.2%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in the world, with a CAGR of +224.7% from 2012-2021. By contrast, South Korea (-4.6%), Vietnam (-5.4%), Japan (-7.7%) and Thailand (-11.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Cote d'Ivoire, the United States, Senegal and Bangladesh increased by +6.6, +3.7, +2.2, +2.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 38% of total imports. These countries were followed by Japan, Cote d'Ivoire, Vietnam, Malaysia, Thailand, the Netherlands, Colombia, Cameroon, Senegal and Bangladesh, which together accounted for a further 26%.

Senegal, with a CAGR of +137.8%, 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

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against 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 Japan ($X per ton), while Bangladesh ($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 (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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