Report Update Nov 1, 2024

Puerto Rico - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Rennet Market 2024

Rennet Exports

Exports by Country

Denmark was the largest exporter of rennet and concentrates thereof in the world, with the volume of exports accounting for X tons, which was approx. 41% of total exports in 2021. Germany (X tons) ranks second in terms of the total exports with a 17% share, followed by Turkey (11%), Japan (5.7%) and the Netherlands (4.7%). The following exporters - Italy (X tons), China (X tons), Austria (X tons), Poland (X tons) and France (X tons) - together made up 12% of total exports.

From 2012 to 2021, average annual rates of growth with regard to rennet exports from Denmark stood at +6.4%. At the same time, China (+37.0%), Turkey (+9.1%), Italy (+6.8%), Poland (+6.5%), Japan (+5.1%), Germany (+4.3%) and the Netherlands (+4.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.0% from 2012-2021. By contrast, Austria (-2.9%) and France (-4.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark, Turkey and China increased by +6.2, +3.6 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest rennet supplier from Puerto Rico, comprising 48% of global exports. The second position in the ranking was held by Germany ($X), with an 11% share of global exports. It was followed by Turkey, with an 8.9% share.

In Denmark, rennet exports expanded at an average annual rate of +6.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+4.9% per year) and Turkey (+12.7% per year).

Rennet Imports

Imports by Country

Denmark represented the key importing country with an import of about X tons, which amounted to 25% of total imports. Turkey (X tons) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by the United States (7.9%), Germany (4.9%), Italy (4.5%) and Bangladesh (4.5%). The Netherlands (X tons), Brazil (X tons), France (X tons), Spain (X tons), Georgia (X tons), Poland (X tons) and the UK (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to rennet imports into Denmark stood at +6.6%. At the same time, Bangladesh (+40.7%), Turkey (+38.0%), France (+11.7%), the Netherlands (+7.6%), Brazil (+7.1%), Poland (+3.4%), Italy (+2.9%), Spain (+2.8%), the United States (+2.0%) and Germany (+1.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of +40.7% from 2012-2021. By contrast, the UK (-2.6%) and Georgia (-4.8%) illustrated a downward trend over the same period. Turkey (+8.9 p.p.), Bangladesh (+4.2 p.p.) and Denmark (+4.1 p.p.) significantly strengthened its position in terms of the global imports, while the UK, the United States and Georgia saw its share reduced by -1.6%, -1.9% and -3.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X), Turkey ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 36% of total imports.

Turkey, with a CAGR of +40.8%, saw 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, with a combined 40% share of global consumption. These countries were followed by Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico, which together accounted for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, with a combined 40% share of global production. These countries were followed by Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico, which together accounted for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Puerto Rico?

In value terms, Denmark constitutes the largest market for imported rennet and concentrates thereof into Puerto Rico, comprising 15% of global imports. The second position in the ranking was occupied by Brazil, with a 7.6% share of global imports. It was followed by Italy, with a 7% share.

What are the leading importers of rennet and concentrates thereof from Puerto Rico?

In value terms, Denmark remains the largest rennet supplier from Puerto Rico, comprising 50% of global exports. The second position in the ranking was occupied by Germany, with a 12% share of global exports. It was followed by Turkey, with a 5.3% share.

What is the average export price for rennet and concentrates thereof in Puerto Rico?

In 2020, the rennet export price in Puerto Rico amounted to $less than 0.1 per ton, approximately mirroring the previous year.

What is the average import price for rennet and concentrates thereof in Puerto Rico?

The rennet import price in Puerto Rico stood at $less than 0.1 per ton in 2020, approximately reflecting the previous year.

This report provides an in-depth analysis of the rennet 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:

Prodcom 20146450 - Rennet and concentrates thereof

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