Report Update Apr 1, 2024

Puerto Rico - Chilies and Peppers (Green) - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Chili And Pepper Market 2024

Chili And Pepper Market Size in Puerto Rico

After two years of growth, the Puerto Rican chili and pepper market decreased by -1.4% to $X in 2021. Overall, consumption recorded a mild decline. Puerto Rico consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Chili And Pepper Production in Puerto Rico

In value terms, chili and pepper production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 18%. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

In 2021, the average chili and pepper yield in Puerto Rico shrank to X tons per ha, stabilizing at 2020. In general, the yield showed a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. Over the period under review, the chili and pepper yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of chilies and peppers (green) were harvested in Puerto Rico; remaining relatively unchanged against 2020 figures. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 13%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2021, the growth of the chili and pepper harvested area failed to regain momentum.

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Chili And Pepper Exports

Exports by Country

In 2021, Mexico (X tons) and Spain (X tons) were the largest exporters of chilies and peppers (green)across the globe, together mixing up 51% of total exports. The Netherlands (X tons) ranks next in terms of the total exports with an 11% share, followed by Turkey (4.6%). The following exporters - Canada (X tons), Morocco (X tons), the United States (X tons), China (X tons), Thailand (X tons) and Israel (X tons) - together made up 17% of total exports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chili and pepper supplying countries from Puerto Rico were Spain ($X), Mexico ($X) and the Netherlands ($X), together accounting for 64% of total exports. Canada, the United States, Morocco, Turkey, Israel, China and Thailand lagged somewhat behind, together accounting for a further 22%.

In terms of the main exporting countries, Thailand, with a CAGR of +29.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Chili And Pepper Imports

Imports by Country

In 2021, the United States (X tons) was the largest importer of chilies and peppers (green), making up 34% of total imports. Germany (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by the UK (5.8%) and France (4.8%). The following importers - Canada (X tons), the Netherlands (X tons), Russia (X tons), Italy (X tons), Thailand (X tons), Spain (X tons), Poland (X tons), Austria (X tons) and the Czech Republic (X tons) - together made up 21% of total imports.

From 2012 to 2021, average annual rates of growth with regard to chili and pepper imports into the United States stood at +4.5%. At the same time, Thailand (+56.5%), Spain (+13.1%), Austria (+8.3%), Poland (+5.0%), the UK (+3.9%), Italy (+2.8%), Canada (+2.8%), France (+2.6%) and Germany (+2.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +56.5% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. By contrast, the Netherlands (-2.4%) and Russia (-2.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Thailand increased by +2.6 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. France, Canada, the Netherlands, Russia, Poland, Italy, Austria, the Czech Republic, Spain and Thailand lagged somewhat behind, together comprising a further 26%.

Thailand, with a CAGR of +63.3%, 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 chilies and peppers (green) in the world?

The country with the largest volume of chili and pepper consumption was China, accounting for 46% of total volume. Moreover, chili and pepper consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, sixfold. The third position in this ranking was taken by Turkey, with a 6.8% share.

What are the largest producers of chilies and peppers (green) in the world?

China constituted the country with the largest volume of chili and pepper production, accounting for 46% of total volume. Moreover, chili and pepper production in China exceeded the figures recorded by the second-largest producer, Mexico, fivefold. Indonesia ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of chilies and peppers (green) to Puerto Rico?

In value terms, the United States, Germany and the UK were the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. These countries were followed by France, Canada, the Netherlands, Russia, Poland, Italy, Austria, the Czech Republic, Spain and Thailand, which together accounted for a further 26%.

What are the leading importers of chilies and peppers (green) from Puerto Rico?

In value terms, Spain, Mexico and the Netherlands were the countries with the highest levels of exports in 2021, together comprising 64% of total exports. Canada, the United States, Morocco, Turkey, Israel, China and Thailand lagged somewhat behind, together comprising a further 22%.

This report provides an in-depth analysis of the chili and pepper 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 401 - Chillies and peppers (green)

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