Report Update Apr 1, 2024

Puerto Rico - Peanut Butter and Prepared or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Peanut Butter Market 2024

Peanut Butter Exports

Exports by Country

China represented the main exporter of peanut butter and prepared or preserved groundnuts in the world, with the volume of exports accounting for X tons, which was approx. 35% of total exports in 2021. The Netherlands (X tons) held the second position in the ranking, followed by the United States (X tons) and India (X tons). All these countries together took approx. 27% share of total exports. Argentina (X tons), Poland (X tons), Germany (X tons), Canada (X tons), Belgium (X tons), Mexico (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to peanut butter exports from China stood at -1.5%. At the same time, India (+23.7%), Belgium (+17.6%), Poland (+11.8%), Italy (+9.4%), the Netherlands (+4.3%), Canada (+4.0%) and Mexico (+3.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.7% from 2012-2021. Germany and the United States experienced a relatively flat trend pattern. By contrast, Argentina (-21.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, India, Poland and Belgium increased by +5.1, +4.1, +2.8 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest peanut butter supplier from Puerto Rico, comprising 29% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of global exports. It was followed by the United States, with an 11% share.

In China, peanut butter exports shrank by an average annual rate of -3.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+4.9% per year) and the United States (+0.0% per year).

Peanut Butter Imports

Imports by Country

The countries with the highest levels of peanut butter imports in 2021 were France (X tons), the United States (X tons), Japan (X tons), Germany (X tons), Canada (X tons) and South Korea (X tons), together resulting at 41% of total import. The UK (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons), Sweden (X tons), Poland (X tons), the Netherlands (X tons) and Mexico (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter importing markets into Puerto Rico were France ($X), the United States ($X) and Japan ($X), together accounting for 23% of total imports. These countries were followed by Germany, Canada, South Korea, the UK, Saudi Arabia, Sweden, the Netherlands, Mexico, Poland and the United Arab Emirates, which together accounted for a further 30%.

In terms of the main importing countries, Mexico, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of imports, 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 peanut butter and prepared or preserved groundnuts in the world?

China remains the largest peanut butter consuming country worldwide, comprising approx. 16% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?

China remains the largest peanut butter producing country worldwide, comprising approx. 22% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by the United States, with a 4.6% share.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Puerto Rico?

In value terms, the largest peanut butter importing markets into Puerto Rico were France, the United States and Japan, with a combined 23% share of total imports. These countries were followed by Germany, Canada, South Korea, the UK, Saudi Arabia, Sweden, the Netherlands, Mexico, Poland and the United Arab Emirates, which together accounted for a further 30%.

What are the leading importers of peanut butter and prepared or preserved groundnuts from Puerto Rico?

In value terms, China remains the largest peanut butter supplier from Puerto Rico, comprising 29% of global exports. The second position in the ranking was held by the Netherlands, with a 14% share of global exports. It was followed by the United States, with an 11% share.

This report provides an in-depth analysis of the peanut butter 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:

Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

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