Puerto Rico: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Puerto Rico

The Puerto Rican glycosides and vegetable alkaloids market contracted modestly to $X in 2021, with a decrease of -2% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +2.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Puerto Rico

In value terms, glycosides and vegetable alkaloids production contracted slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 69%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

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Exports of Glycosides And Vegetable Alkaloids

Exports from Puerto Rico

In 2021, glycosides and vegetable alkaloids exports from Puerto Rico was estimated at less than X kg, approximately reflecting the previous year's figure. Overall, exports saw a relatively flat trend pattern.

In value terms, glycosides and vegetable alkaloids exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China was the largest exporting country with an export of about X tons, which recorded 51% of total exports. Germany (X tons) ranks second in terms of the total exports with a 12% share, followed by India (7.6%) and the United States (5%). Spain (X tons), Malaysia (X tons), the Netherlands (X tons), France (X tons), Italy (X tons) and Sweden (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, the Netherlands (+24.1%), France (+8.6%), the United States (+7.8%), Malaysia (+7.0%), India (+3.8%), Italy (+3.1%) and Germany (+2.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.1% from 2012-2021. By contrast, Sweden (-6.3%) and Spain (-7.7%) illustrated a downward trend over the same period. While the share of China (+7.6 p.p.) and the Netherlands (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-2 p.p.), Sweden (-2.4 p.p.) and Spain (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest glycosides and vegetable alkaloids supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was held by Germany ($X), with a 9.8% share of global exports. It was followed by India, with an 8.5% share.

In China, glycosides and vegetable alkaloids exports expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-9.9% per year) and India (+4.7% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the other leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Puerto Rico

Glycosides and vegetable alkaloids imports into Puerto Rico amounted to less than X kg in 2021, standing approx. at the year before. Overall, imports saw a relatively flat trend pattern.

In value terms, glycosides and vegetable alkaloids imports totaled less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by China (X tons), Germany (X tons), France (X tons) and India (X tons) represented the key importers of glycosides and vegetable alkaloids, together achieving 48% of total imports. Ireland (X tons), Italy (X tons), Austria (X tons), the UK (X tons), the Netherlands (X tons), Spain (X tons), Brazil (X tons) and Singapore (X tons) held a little share of total imports.

Imports into the United States increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, China (+19.9%), Germany (+14.3%), Singapore (+14.3%), Austria (+13.4%), the UK (+6.3%), Spain (+5.2%), France (+4.1%), Italy (+3.4%), the Netherlands (+2.6%) and India (+1.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +19.9% from 2012-2021. By contrast, Brazil (-1.7%) and Ireland (-3.3%) illustrated a downward trend over the same period. China (+7.3 p.p.), Germany (+4.8 p.p.), the United States (+3.5 p.p.), Austria (+1.9 p.p.) and Singapore (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Ireland saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported glycosides and vegetable alkaloids into Puerto Rico, comprising 24% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.4% share of global imports. It was followed by France, with a 4.4% share.

In the United States, glycosides and vegetable alkaloids imports expanded at an average annual rate of +1.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and France (+1.6% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, leveling off at 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 Brazil ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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