Report Update Nov 1, 2024

Puerto Rico - Papayas - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Papaya Market 2024

Papaya Market Size in Puerto Rico

The Puerto Rican papaya market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.7% against 2018 indices. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Papaya Production in Puerto Rico

In value terms, papaya production rose to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.6% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 38%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of papayas in Puerto Rico totaled X tons per ha, standing approx. at the year before. In general, the yield, however, showed a mild reduction. The most prominent rate of growth was recorded in 2015 when the yield increased by 9.5% against the previous year. The global yield peaked at X tons per ha in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the papaya harvested area in Puerto Rico fell to X ha, remaining constant against 2020. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 34%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2021, the growth of the papaya harvested area failed to regain momentum.

Papaya Exports

Exports by Country

Mexico was the main exporting country with an export of about X tons, which reached 47% of total exports. Brazil (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Guatemala (12%). The United States (X tons), Sri Lanka (X tons), Malaysia (X tons), China (X tons), the Netherlands (X tons), Spain (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to papaya exports from Mexico stood at +6.0%. At the same time, Sri Lanka (+20.3%), Spain (+18.1%), China (+10.0%), Guatemala (+8.9%), Brazil (+7.5%), the United States (+3.4%) and the Netherlands (+2.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.3% from 2012-2021. By contrast, Malaysia (-4.5%) and India (-8.6%) illustrated a downward trend over the same period. Mexico (+4 p.p.), Guatemala (+3.4 p.p.), Sri Lanka (+2.9 p.p.) and Brazil (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while India and Malaysia saw its share reduced by -4.6% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest papaya supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was held by Brazil ($X), with a 15% share of global exports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled +6.6%. In the other countries, the average annual rates were as follows: Brazil (+3.8% per year) and the Netherlands (+4.4% per year).

Papaya Imports

Imports by Country

The United States dominates imports structure, accounting for X tons, which was approx. 58% of total imports in 2021. Canada (X tons) took a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by El Salvador (4.7%). Germany (X tons), Portugal (X tons), the Netherlands (X tons), South Africa (X tons), Spain (X tons), the United Arab Emirates (X tons) and the UK (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to papaya imports into the United States stood at +3.8%. At the same time, South Africa (+40.3%), Portugal (+10.6%), Germany (+8.2%), El Salvador (+6.0%), Spain (+5.3%), the United Arab Emirates (+5.1%), Canada (+4.2%) and the Netherlands (+3.0%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in the world, with a CAGR of +40.3% from 2012-2021. The UK experienced a relatively flat trend pattern. From 2012 to 2021, the share of South Africa increased by +2.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported papayas into Puerto Rico, comprising 33% of global imports. The second position in the ranking was taken by Germany ($X), with a 10% share of global imports. It was followed by Portugal, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +3.0%. In the other countries, the average annual rates were as follows: Germany (+7.4% per year) and Portugal (+11.1% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for papayas in the world?

India remains the largest papaya consuming country worldwide, accounting for 44% of total volume. Moreover, papaya consumption in India exceeded the figures recorded by the second-largest consumer, the Dominican Republic, fivefold. The third position in this ranking was occupied by Brazil, with an 8.4% share.

What are the largest producers of papayas in the world?

India remains the largest papaya producing country worldwide, comprising approx. 44% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, the Dominican Republic, fivefold. The third position in this ranking was occupied by Brazil, with an 8.7% share.

What are the leading suppliers of papayas to Puerto Rico?

In value terms, the United States constitutes the largest market for imported papayas into Puerto Rico, comprising 33% of global imports. The second position in the ranking was occupied by Germany, with an 11% share of global imports. It was followed by Portugal, with a 7.7% share.

What are the leading importers of papayas from Puerto Rico?

In value terms, Mexico remains the largest papaya supplier from Puerto Rico, comprising 36% of global exports. The second position in the ranking was occupied by Brazil, with a 15% share of global exports. It was followed by the Netherlands, with a 9% share.

What is the average export price for papayas in Puerto Rico?

In 2021, the papaya export price in Puerto Rico amounted to $less than 0.1 per ton, remaining relatively unchanged against the previous year.

What is the average import price for papayas in Puerto Rico?

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

This report provides an in-depth analysis of the papaya 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 600 - Papayas

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023