Puerto Rico: Pulses Market 2024

Pulses Market Size in Puerto Rico

In 2021, after two years of growth, there was decline in the Puerto Rican pulses market, when its value decreased by -0.8% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Pulses Production in Puerto Rico

In value terms, pulses production fell modestly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 133%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

In 2021, the average yield of pulses in Puerto Rico fell to X tons per ha, with a decrease of -1.8% on the previous year. The yield figure increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the yield increased by 37%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2021, the growth of the pulses yield remained at a 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 harvested area of pulses in Puerto Rico was estimated at X ha, picking up by 1.9% compared with 2020. Overall, the harvested area, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 28% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Pulses Exports

Exports from Puerto Rico

In 2021, the amount of pulses exported from Puerto Rico was estimated at less than X kg, approximately reflecting the year before. In general, exports recorded a relatively flat trend pattern.

In value terms, pulses exports amounted to less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Canada (X tons), distantly followed by Russia (X tons), Australia (X tons), the United States (X tons), Myanmar (X tons) and Turkey (X tons) represented the main exporters of pulses, together achieving 61% of total exports. Tanzania (X tons), India (X tons), Mozambique (X tons), Argentina (X tons), the United Arab Emirates (X tons), Lithuania (X tons) and Brazil (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +31.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pulses supplying countries from Puerto Rico were Canada ($X), the United States ($X) and Myanmar ($X), with a combined 33% share of total exports. These countries were followed by Turkey, Australia, Russia, India, Tanzania, Brazil, the United Arab Emirates, Argentina, Mozambique and Lithuania, which together accounted for a further 37%.

Lithuania, with a CAGR of +27.6%, recorded the highest rates of growth with regard to 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

The export price in Puerto Rico stood at less than $X per ton in 2021, approximately reflecting the previous year. Over the period under review, 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 India ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the other leaders experienced more modest paces of growth.

Pulses Imports

Imports into Puerto Rico

In 2021, pulses imports into Puerto Rico stood at less than X kg, almost unchanged from the previous year. In general, imports showed a relatively flat trend pattern.

In value terms, pulses imports amounted to less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

India (X tons) and China (X tons) represented roughly 29% of total imports in 2021. Bangladesh (X tons) held the next position in the ranking, followed by Pakistan (X tons) and Turkey (X tons). All these countries together took near 20% share of total imports. The following importers - the United Arab Emirates (X tons), the United States (X tons), Egypt (X tons), Italy (X tons), Iraq (X tons), Belgium (X tons), Nepal (X tons) and Norway (X tons) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of +22.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pulses importing markets into Puerto Rico were India ($X), China ($X) and Pakistan ($X), with a combined 32% share of total imports. These countries were followed by Turkey, Bangladesh, the United States, the United Arab Emirates, Egypt, Italy, Iraq, Nepal, Belgium and Norway, which together accounted for a further 30%.

Nepal, with a CAGR of +25.6%, saw the highest growth rate of the value of imports, in terms of 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 constant against the previous year. Overall, 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 Iraq ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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