Puerto Rico: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Puerto Rico

The Puerto Rican frozen catfish fillets market totaled $X in 2019, 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 showed a relatively flat trend pattern.

Frozen Catfish Fillets Exports

Exports by Country

Vietnam prevails in frozen catfish fillets exports structure, finishing at X tons, which was near X% of total exports in 2020. Malaysia (X tons) followed a long way behind the leaders.

Exports from Vietnam decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Malaysia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Vietnam and Malaysia increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen catfish fillets supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports.

In Vietnam, frozen catfish fillets exports decreased by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

The frozen catfish fillets export price in Puerto Rico stood at $X per ton in 2020, stabilizing at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while Malaysia amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Frozen Catfish Fillets Imports

Imports by Country

In 2020, China (X tons) represented the largest importer of frozen catfish fillets, generating X% of total imports. The U.S. (X tons) took the second position in the ranking, distantly followed by Thailand (X tons) and Mexico (X tons). All these countries together took approx. X% share of total imports. Brazil (X tons), the Philippines (X tons), the Netherlands (X tons), the UK (X tons), Singapore (X tons) and Russia (X tons) held a minor share of total imports.

China was also the fastest-growing in terms of the frozen catfish fillets imports, with a CAGR of +X% from 2007 to 2020. At the same time, Thailand (+X%), the Philippines (+X%), Brazil (+X%), Mexico (+X%) and the UK (+X%) displayed positive paces of growth. By contrast, the U.S. (-X%), Singapore (-X%), the Netherlands (-X%) and Russia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China, Thailand, Brazil, Mexico and the Philippines increased by +X%, +X%, +X%, +X% and +X% percentage points, while Russia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen catfish fillets importing markets into Puerto Rico were China ($X), the U.S. ($X) and Thailand ($X), with a combined X% share of total imports.

Among the main importing countries, China saw the highest growth rate of 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 2020, the frozen catfish fillets import price in Puerto Rico amounted to $X per ton, standing approx. at the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the UK ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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