Puerto Rico: Root And Tuber Market 2024

Root And Tuber Market Size in Puerto Rico

In 2021, the Puerto Rican root and tuber market increased by 0.1% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, showed a mild downturn. Puerto Rico consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Root And Tuber Production in Puerto Rico

In value terms, root and tuber production fell modestly to $X in 2021 estimated in export price. Overall, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

The average yield of roots and tubers in Puerto Rico was estimated at X tons per ha in 2021, remaining constant against the year before. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2021, the growth of the root and tuber yield remained at a somewhat 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 total area harvested in terms of roots and tubers production in Puerto Rico was estimated at X ha, approximately mirroring the previous year's figure. Over the period under review, the harvested area, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 17% against the previous year. Over the period under review, the harvested area dedicated to root and tuber production reached the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Puerto Rico

In 2021, exports of roots and tubers from Puerto Rico amounted to less than X kg, flattening at 2020. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, root and tuber exports stood at less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Thailand (X tons), distantly followed by the Netherlands (X tons), France (X tons), Germany (X tons) and Belgium (X tons) were the major exporters of roots and tubers, together creating 62% of total exports. The following exporters - Vietnam (X tons), the United States (X tons), Canada (X tons), China (X tons), Egypt (X tons), Pakistan (X tons), Spain (X tons) and India (X tons) - together made up 21% of total exports.

Exports from Thailand increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, India (+13.6%), Egypt (+6.9%), the United States (+5.0%), Spain (+4.7%), Pakistan (+4.1%), the Netherlands (+3.2%), Canada (+3.2%), France (+2.5%) and Belgium (+1.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.6% from 2012-2021. China and Germany experienced a relatively flat trend pattern. By contrast, Vietnam (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +1.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest root and tuber supplying countries from Puerto Rico were Thailand ($X), the Netherlands ($X) and France ($X), together comprising 40% of total exports. These countries were followed by the United States, Germany, China, Canada, Vietnam, Egypt, Belgium, Spain, Pakistan and India, which together accounted for a further 36%.

Among the main exporting countries, India, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, 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, flattening at the previous year. In general, the export price saw 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 China ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.3%), while the other leaders experienced more modest paces of growth.

Root And Tuber Imports

Imports into Puerto Rico

In 2021, imports of roots and tubers into Puerto Rico stood at less than X kg, standing approx. at the previous year's figure. Overall, imports showed a relatively flat trend pattern.

In value terms, root and tuber imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons), distantly followed by Belgium (X tons), Thailand (X tons) and the Netherlands (X tons) were the key importers of roots and tubers, together committing 55% of total imports. Spain (X tons), the United States (X tons), Italy (X tons), Germany (X tons), Russia (X tons), France (X tons), Portugal (X tons), South Korea (X tons) and the UK (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported roots and tubers into Puerto Rico, comprising 18% of global imports. The second position in the ranking was taken by Belgium ($X), with an 8.4% share of global imports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in China totaled -1.6%. In the other countries, the average annual rates were as follows: Belgium (+8.4% per year) and the Netherlands (+5.1% 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. In general, 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 the UK ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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