Report Update Apr 1, 2024

Puerto Rico - Fresh or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Puerto Rico

The Puerto Rican fresh fish fillet market stood at less than $X in 2021, therefore, remained relatively stable against 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 recorded a relatively flat trend pattern.

Fresh Fish Fillet Exports

Exports from Puerto Rico

Fresh fish fillet exports from Puerto Rico was estimated at less than X kg in 2021, approximately reflecting 2020. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, fresh fish fillet exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

Chile (X tons) and Norway (X tons) represented the key exporters of fresh or chilled fish fillets in 2021, accounting for approx. 21% and 19% of total exports, respectively. The Netherlands (X tons) held the next position in the ranking, followed by Denmark (X tons), Iceland (X tons), Sweden (X tons) and Poland (X tons). All these countries together held approx. 31% share of total exports. The United States (X tons), Canada (X tons), Belgium (X tons), Turkey (X tons), France (X tons) and Spain (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Norway ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 50% of total exports. These countries were followed by Iceland, Denmark, Sweden, Poland, the United States, Canada, Belgium, France, Spain and Turkey, which together accounted for a further 36%.

Poland, with a CAGR of +26.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Overall, the export price recorded a relatively flat trend pattern.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Canada ($X per ton), while Sweden ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the other leaders experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of fresh or chilled fish fillets were imported into Puerto Rico; approximately reflecting 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, fresh fish fillet imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons) represented the major importer of fresh or chilled fish fillets, mixing up 34% of total imports. It was distantly followed by France (X tons), Sweden (X tons), Germany (X tons), Italy (X tons) and the Netherlands (X tons), together generating a 30% share of total imports. Belgium (X tons), Japan (X tons), Denmark (X tons), Canada (X tons), Spain (X tons), Poland (X tons) and Israel (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fresh fish fillet imports into the United States stood at +5.5%. At the same time, Israel (+75.3%), Japan (+11.2%), Denmark (+9.4%), Poland (+6.6%), the Netherlands (+6.3%), Canada (+3.2%), Belgium (+2.9%) and Italy (+2.0%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the world, with a CAGR of +75.3% from 2012-2021. Spain, Germany, France and Sweden experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States, Israel and Japan increased by +6.2, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fresh or chilled fish fillets into Puerto Rico, comprising 37% of global imports. The second position in the ranking was taken by France ($X), with an 8.2% share of global imports. It was followed by Sweden, with a 6.3% share.

In the United States, fresh fish fillet imports expanded at an average annual rate of +8.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: France (+3.8% per year) and Sweden (+3.2% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining constant against 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 Japan ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled fish fillets in the world?

The country with the largest volume of fresh fish fillet consumption was China, accounting for 15% of total volume. Moreover, fresh fish fillet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was taken by India, with a 5.7% share.

What are the largest producers of fresh or chilled fish fillets in the world?

China remains the largest fresh fish fillet producing country worldwide, comprising approx. 15% of total volume. Moreover, fresh fish fillet production in China exceeded the figures recorded by the second-largest producer, India, threefold. Chile ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of fresh or chilled fish fillets to Puerto Rico?

In value terms, the United States constitutes the largest market for imported fresh or chilled fish fillets into Puerto Rico, comprising 37% of global imports. The second position in the ranking was held by France, with an 8.2% share of global imports. It was followed by Sweden, with a 6.3% share.

What are the leading importers of fresh or chilled fish fillets from Puerto Rico?

In value terms, the largest fresh fish fillet supplying countries from Puerto Rico were Chile, Norway and the Netherlands, together comprising 50% of total exports. These countries were followed by Iceland, Denmark, Sweden, Poland, the United States, Canada, Belgium, France, Spain and Turkey, which together accounted for a further 36%.

What is the average export price for fresh or chilled fish fillets in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, leveling off at the previous year.

What is the average import price for fresh or chilled fish fillets in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the fresh fish fillet 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones

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