Puerto Rico: Soups Market 2025

Soups Market Size in Puerto Rico

The Puerto Rican soups market stood at less than $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern.

Soups Exports

Exports from Puerto Rico

Soups exports from Puerto Rico was estimated at less than X kg in 2021, approximately reflecting 2020. Overall, exports continue to indicate a relatively flat trend pattern.

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

Exports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons), Senegal (X tons) and Spain (X tons) were the major exporters of soups and broths, together making up 47% of total exports. The following exporters - the Netherlands (X tons), Germany (X tons), Poland (X tons), South Africa (X tons), Guatemala (X tons), Turkey (X tons), Italy (X tons), China (X tons) and Thailand (X tons) - together made up 25% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest soups supplier from Puerto Rico, comprising 21% of global exports. The second position in the ranking was held by Canada ($X), with a 5.5% share of global exports. It was followed by Germany, with a 5.1% share.

In the United States, soups exports increased at an average annual rate of +4.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (-0.1% per year) and Germany (-1.5% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the other leaders experienced more modest paces of growth.

Soups Imports

Imports into Puerto Rico

In 2021, the amount of soups and broths imported into Puerto Rico stood at less than X kg, therefore, remained relatively stable against the previous year's figure. Overall, imports showed a relatively flat trend pattern.

In value terms, soups imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons) and Germany (X tons) represented the main importers of soups and broths, together comprising 35% of total imports. The following importers - France (X tons), the Netherlands (X tons), Mexico (X tons), Mali (X tons), Belgium (X tons), the UK (X tons), Hong Kong SAR (X tons), Australia (X tons), Sweden (X tons) and Mozambique (X tons) - together made up 29% 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 Canada (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soups importing markets into Puerto Rico were the United States ($X), Canada ($X) and Mexico ($X), with a combined 28% share of total imports. These countries were followed by Germany, France, the Netherlands, the UK, Hong Kong SAR, Belgium, Mali, Australia, Sweden and Mozambique, which together accounted for a further 30%.

In terms of the main importing countries, Mozambique, with a CAGR of +8.6%, 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, 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 Mexico ($X per ton), while Mali ($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 UK (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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