Puerto Rico: Fruit And Berry Market 2024

Fruit And Berry Market Size in Puerto Rico

After three years of growth, the Puerto Rican fruit and berry market decreased by -0.5% to $X in 2021. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Puerto Rico consumption peaked at $X in 2020, and then reduced modestly in the following year.

Fruit And Berry Production in Puerto Rico

In value terms, fruit and berry production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 22%. Puerto Rico production peaked at $X in 2020, and then shrank in the following year.

The average yield of fruits and berries in Puerto Rico totaled X tons per ha in 2021, flattening at the previous year. The yield figure increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of 15% against the previous year. The global yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of fruits and berries in Puerto Rico fell to X ha, flattening at 2020 figures. In general, the harvested area showed a slight descent. The most prominent rate of growth was recorded in 2015 with an increase of 8.1% against the previous year. Over the period under review, the harvested area dedicated to fruit and berry production attained the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Fruit And Berry Exports

Exports from Puerto Rico

In 2021, fruit and berry exports from Puerto Rico was estimated at less than X kg, leveling off at 2020. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, fruit and berry exports amounted to less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

The shipments of the twelve major exporters of fruits and berries, namely Spain, Ecuador, Costa Rica, the Netherlands, South Africa, Mexico, Turkey, the United States, Guatemala, China, Chile and Italy, represented more than half of total export. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2021, together comprising 24% of total exports.

Mexico, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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, almost unchanged from the previous year. Over the period under review, the export price continues to indicate 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 Chile ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the other leaders experienced more modest paces of growth.

Fruit And Berry Imports

Imports into Puerto Rico

In 2021, imports of fruits and berries into Puerto Rico amounted to less than X kg, approximately mirroring the year before. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, fruit and berry imports stood at less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by China (X tons), the Netherlands (X tons), Russia (X tons) and Germany (X tons) represented the largest importers of fruits and berries, together creating 40% of total imports. France (X tons), the UK (X tons), Canada (X tons), Belgium (X tons), Spain (X tons), Italy (X tons), Hong Kong SAR (X tons) and Japan (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, China (+8.2%), the Netherlands (+6.3%), Spain (+6.2%), Italy (+2.1%), France (+2.0%), Hong Kong SAR (+1.8%), Germany (+1.4%) and Canada (+1.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +8.2% from 2012-2021. The UK, Japan and Belgium experienced a relatively flat trend pattern. By contrast, Russia (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the Netherlands increased by +2.5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fruit and berry importing markets into Puerto Rico were the United States ($X), China ($X) and the Netherlands ($X), together comprising 32% of total imports.

China, with a CAGR of +16.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :