Puerto Rico: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2023

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Puerto Rico

The Puerto Rican meat meals and pellets market totaled less than $X in 2021, approximately equating 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). In general, consumption showed a relatively flat trend pattern.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Puerto Rico

Meat meals and pellets exports from Puerto Rico was estimated at less than X kg in 2021, approximately equating 2020 figures. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, meat meals and pellets exports totaled less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), Australia (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Spain (X tons) and the UK (X tons) were the largest exporters of flours, meals and pellets of meat or meat offal, together comprising 63% of total exports. Brazil (X tons), Belgium (X tons), Italy (X tons), New Zealand (X tons) and Canada (X tons) took a little share of total exports.

The United States was also the fastest-growing in terms of the flours, meals and pellets of meat or meat offal exports, with a CAGR of +16.1% from 2012 to 2021. At the same time, Brazil (+8.7%), Canada (+6.7%), France (+5.0%), Poland (+4.6%), Germany (+3.0%) and Spain (+2.7%) displayed positive paces of growth. New Zealand, Australia, Italy, the UK and Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.6%) illustrated a downward trend over the same period. The United States (+13 p.p.) significantly strengthened its position in terms of the global exports, while Italy, Belgium, the UK, Australia and the Netherlands saw its share reduced by -1.7%, -2.3%, -2.8%, -2.9% and -4.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest meat meals and pellets supplier from Puerto Rico, comprising 24% of global exports. The second position in the ranking was taken by Germany ($X), with a 7% share of global exports. It was followed by Spain, with a 6.4% share.

In the United States, meat meals and pellets exports expanded at an average annual rate of +15.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+3.3% per year) and Spain (+8.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the export price showed 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 Spain ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.9%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Puerto Rico

In 2021, the amount of flours, meals and pellets of meat or meat offal imported into Puerto Rico amounted to less than X kg, approximately reflecting the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, meat meals and pellets imports totaled less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, Vietnam (X tons), followed by Indonesia (X tons), China (X tons), Thailand (X tons), the Philippines (X tons) and Singapore (X tons) were the largest importers of flours, meals and pellets of meat or meat offal, together generating 52% of total imports. Italy (X tons), Germany (X tons), Chile (X tons), the Netherlands (X tons), France (X tons), Myanmar (X tons) and Hungary (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +106.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets importing markets into Puerto Rico were Vietnam ($X), Indonesia ($X) and China ($X), together comprising 33% of total imports. These countries were followed by Thailand, the Philippines, Germany, France, Italy, the Netherlands, Chile, Singapore, Hungary and Myanmar, which together accounted for a further 36%.

In terms of the main importing countries, Myanmar, with a CAGR of +71.2%, saw 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, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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