Report Update Nov 1, 2024

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

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Puerto Rico: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Puerto Rico

In 2021, after three years of decline, there was significant growth in the Puerto Rican frozen vegetable market, when its value increased by 7% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Vegetable Production in Puerto Rico

In value terms, frozen vegetable production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Frozen Vegetable Exports

Exports from Puerto Rico

In 2021, exports of frozen vegetables from Puerto Rico totaled less than X kg, standing approx. at 2020. In general, exports showed a relatively flat trend pattern.

In value terms, frozen vegetable exports stood at less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Belgium (X tons), distantly followed by the Netherlands (X tons), Canada (X tons), China (X tons), the United States (X tons) and Spain (X tons) were the key exporters of frozen vegetables, together creating 71% of total exports. The following exporters - Poland (X tons), France (X tons), Germany (X tons), Mexico (X tons), Turkey (X tons) and Egypt (X tons) - together made up 17% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetable supplying countries from Puerto Rico were Belgium ($X), the Netherlands ($X) and China ($X), with a combined 45% share of total exports. These countries were followed by the United States, Canada, Spain, France, Poland, Germany, Mexico, Turkey and Egypt, which together accounted for a further 40%.

In terms of the main exporting countries, Turkey, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of exports, 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. In general, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.9%), while the other leaders experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of frozen vegetables were imported into Puerto Rico; remaining stable against the year before. In general, imports recorded a relatively flat trend pattern.

In value terms, frozen vegetable 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, the United States (X tons), distantly followed by France (X tons), Japan (X tons), Germany (X tons) and the UK (X tons) were the largest importers of frozen vegetables, together generating 42% of total imports. Belgium (X tons), the Netherlands (X tons), South Korea (X tons), Italy (X tons), Brazil (X tons), Spain (X tons), Saudi Arabia (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen vegetable importing markets into Puerto Rico were the United States ($X), Japan ($X) and France ($X), with a combined 34% share of total imports. Germany, the UK, Belgium, Italy, the Netherlands, South Korea, Spain, Brazil, Saudi Arabia and Poland lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, Poland, with a CAGR of +13.5%, recorded 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 import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at 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 Japan ($X per ton), while Brazil ($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 Netherlands (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen vegetables in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 42% share of global consumption.

What are the largest producers of frozen vegetables in the world?

The country with the largest volume of frozen vegetable production was China, accounting for 24% of total volume. Moreover, frozen vegetable production in China exceeded the figures recorded by the second-largest producer, Belgium, twofold. The United States ranked third in terms of total production with a 9.2% share.

What are the leading suppliers of frozen vegetables to Puerto Rico?

In value terms, the largest frozen vegetable importing markets into Puerto Rico were the United States, Japan and France, with a combined 34% share of total imports.

What are the leading importers of frozen vegetables from Puerto Rico?

In value terms, Belgium, the Netherlands and China appeared to be the countries with the highest levels of exports in 2021, together comprising 46% of total exports. The United States, Canada, Spain, France, Mexico, Poland and Germany lagged somewhat behind, together accounting for a further 37%.

What is the average export price for frozen vegetables in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, leveling off at the previous year.

What is the average import price for frozen vegetables in Puerto Rico?

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

This report provides an in-depth analysis of the frozen vegetable market 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:

FCL 473 - Vegetables, Frozen
FCL 447 - Sweet Corn, Frozen

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