Report Update Nov 1, 2024

Puerto Rico - Sardines (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Preserved Sardines Market 2022

Preserved Sardines Market Size in Puerto Rico

In 2021, the Puerto Rican preserved sardines market decreased by -0.9% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption showed a slight decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Preserved Sardines Production in Puerto Rico

In value terms, preserved sardines production reduced slightly to $X in 2021 estimated in export price. Overall, production recorded a mild decline. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Preserved Sardines Exports

Exports by Country

In 2021, Morocco (X tons), distantly followed by China (X tons), Thailand (X tons) and Ecuador (X tons) were the main exporters of sardines (prepared or preserved), together comprising 66% of total exports. The following exporters - Indonesia (X tons), Latvia (X tons), Poland (X tons), Russia (X tons), Portugal (X tons), Vietnam (X tons), Namibia (X tons), the Philippines (X tons) and the Netherlands (X tons) - together made up 22% of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +24.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) remains the largest preserved sardines supplier from Puerto Rico, comprising 33% of global exports. The second position in the ranking was taken by China ($X), with a 14% share of global exports. It was followed by Thailand, with an 11% share.

In Morocco, preserved sardines exports expanded at an average annual rate of +1.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+16.3% per year) and Thailand (-6.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+8.0%), while the other leaders experienced more modest paces of growth.

Preserved Sardines Imports

Imports by Country

The purchases of the twelve major importers of sardines (prepared or preserved), namely the United States, South Africa, the Dominican Republic, Ghana, France, Malaysia, the UK, Germany, Gabon, Democratic Republic of the Congo, Ukraine and the Netherlands, represented more than half of total import. Spain (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Gabon (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sardines importing markets into Puerto Rico were the United States ($X), France ($X) and South Africa ($X), together comprising 25% of total imports. The Dominican Republic, Ghana, Germany, the UK, Spain, Malaysia, the Netherlands, Gabon, Democratic Republic of the Congo and Ukraine lagged somewhat behind, together accounting for a further 29%.

The Netherlands, with a CAGR of +9.7%, saw the highest rates of growth with regard to 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 relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sardines (prepared or preserved) in the world?

China remains the largest preserved sardines consuming country worldwide, comprising approx. 18% of total volume. Moreover, preserved sardines consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of sardines (prepared or preserved) in the world?

The countries with the highest volumes of preserved sardines production in 2021 were China, Morocco and the United States, together accounting for 33% of global production. India, Indonesia, Thailand, Japan, Russia, Pakistan, Brazil, Bangladesh, Vietnam and South Korea lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of sardines (prepared or preserved) to Puerto Rico?

In value terms, the United States, France and the Dominican Republic constituted the countries with the highest levels of imports in 2021, with a combined 24% share of total imports. Germany, the UK, Japan, Ghana, South Africa, Malaysia, Gabon, Democratic Republic of the Congo, Togo and Ukraine lagged somewhat behind, together accounting for a further 25%.

What are the leading importers of sardines (prepared or preserved) from Puerto Rico?

In value terms, Morocco remains the largest preserved sardines supplier from Puerto Rico, comprising 43% of global exports. The second position in the ranking was occupied by Thailand, with a 12% share of global exports. It was followed by Portugal, with a 5.6% share.

What is the average export price for sardines (prepared or preserved) in Puerto Rico?

In 2021, the preserved sardines export price in Puerto Rico amounted to $less than 0.1 per ton, stabilizing at the previous year.

What is the average import price for sardines (prepared or preserved) in Puerto Rico?

In 2021, the preserved sardines import price in Puerto Rico amounted to $less than 0.1 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)

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