Report Update Apr 1, 2024

Puerto Rico - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Virgin Olive Oil Market 2024

Virgin Olive Oil Exports

Exports by Country

In 2021, Spain (X tons) represented the key exporter of virgin olive oil, mixing up 45% of total exports. It was distantly followed by Italy (X tons), Portugal (X tons), Tunisia (X tons) and Greece (X tons), together achieving a 44% share of total exports. Syrian Arab Republic (X tons) and Turkey (X tons) took a minor share of total exports.

Exports from Spain increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Syrian Arab Republic (+17.8%), Portugal (+12.1%), Turkey (+11.8%), Greece (+2.8%) and Tunisia (+2.7%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.8% from 2012-2021. Italy experienced a relatively flat trend pattern. While the share of Portugal (+5.4 p.p.) and Syrian Arab Republic (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Spain (-1.6 p.p.) and Italy (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Italy ($X) and Portugal ($X) constituted the countries with the highest levels of exports in 2021, together comprising 74% of total exports. Greece, Tunisia, Syrian Arab Republic and Turkey lagged somewhat behind, together comprising a further 20%.

In terms of the main exporting countries, Syrian Arab Republic, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports by Country

In 2021, Italy (X tons), distantly followed by the United States (X tons), Spain (X tons), France (X tons) and Portugal (X tons) were the largest importers of virgin olive oil, together achieving 63% of total imports. The following importers - Brazil (X tons), Germany (X tons), Japan (X tons), Canada (X tons), Saudi Arabia (X tons), China (X tons) and the UK (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and France ($X) were the countries with the highest levels of imports in 2021, together accounting for 47% of total imports. These countries were followed by Spain, Brazil, Portugal, Germany, Japan, Canada, China, the UK and Saudi Arabia, which together accounted for a further 33%.

Spain, with a CAGR of +17.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?

The countries with the highest volumes of consumption in 2021 were Italy, Spain and the United States, with a combined 40% share of global consumption.

What are the largest producers of virgin olive oil in the world?

Spain remains the largest virgin olive oil producing country worldwide, accounting for 35% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia, threefold. The third position in this ranking was taken by Italy, with a 10% share.

What are the leading suppliers of virgin olive oil to Puerto Rico?

In value terms, the largest virgin olive oil importing markets into Puerto Rico were Italy, the United States and France, with a combined 47% share of total imports. Spain, Brazil, Portugal, Germany, Japan, Canada, China, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 33%.

What are the leading importers of virgin olive oil from Puerto Rico?

In value terms, Spain, Italy and Portugal constituted the countries with the highest levels of exports in 2021, together accounting for 74% of total exports. These countries were followed by Greece, Tunisia, Syrian Arab Republic and Turkey, which together accounted for a further 20%.

This report provides an in-depth analysis of the virgin olive oil 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:

FCL 261 - Oil of Olives, Virgin

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