Puerto Rico: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Puerto Rico

The Puerto Rican prepared dish and meal market contracted slightly to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Dishes And Meals in Puerto Rico

In value terms, prepared dish and meal production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports from Puerto Rico

In 2021, prepared dish and meal exports from Puerto Rico stood at less than X kg, stabilizing at the previous year. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, prepared dish and meal exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

The biggest shipments were from Germany (X tons), Thailand (X tons), the United States (X tons), the Netherlands (X tons) and China (X tons), together recording 38% of total export. The following exporters - France (X tons), Italy (X tons), Malaysia (X tons), Indonesia (X tons), Belgium (X tons), Singapore (X tons), Poland (X tons) and Canada (X tons) - together made up 27% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +15.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal supplying countries from Puerto Rico were Singapore ($X), the United States ($X) and Germany ($X), together comprising 33% of total exports.

Singapore, with a CAGR of +34.7%, saw 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

In 2021, the export price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. In general, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+18.9%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Puerto Rico

In 2021, imports of prepared dishes and meals into Puerto Rico totaled less than X kg, therefore, remained relatively stable against 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, prepared dish and meal imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

Mozambique (X tons) and Norway (less than X tons) represented roughly 34% of total imports in 2021. It was distantly followed by the United States (X tons), creating a 5.3% share of total imports. The Netherlands (X tons), Germany (X tons), Japan (X tons), China (X tons), the UK (X tons), France (X tons), Canada (X tons), Australia (X tons), Belgium (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, prepared dish and meal imports into expanded with a Mozambique of +45.4%, while Norway (-20.8%) experienced a precipitous contraction unchanged over the same period. At the same time, China (+16.3%), the United States (+7.9%), Australia (+6.8%), the Netherlands (+6.8%), France (+6.4%), Germany (+6.0%), Belgium (+5.4%), Spain (+2.4%), the UK (+2.4%) and Canada (+1.6%) displayed positive paces of growth. By contrast, Japan (-1.0%) illustrated a downward trend over the same period. While the share of Mozambique (+31 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Canada (-1.7 p.p.), the UK (-1.8 p.p.), Japan (-3.5 p.p.) and Norway (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 24% of total imports.

China, with a CAGR of +21.2%, recorded the highest rates of growth with regard to 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 relatively unchanged against the previous year. In general, 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 China ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+18.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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