Puerto Rico: Peanut Butter Market 2022

Peanut Butter Market Size in Puerto Rico

The Puerto Rican peanut butter market was estimated at less than $X in 2020, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern.

Peanut Butter Exports

Exports by Country

China represented the major exporting country with an export of around X tons, which reached X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by the United States (X%), India (X%) and Argentina (X%). The following exporters - Poland (X tons), Germany (X tons), Canada (X tons), Belgium (X tons), Mexico (X tons), Italy (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to peanut butter exports from China stood at -X%. At the same time, India (+X%), Belgium (+X%), the United Arab Emirates (+X%), Poland (+X%), Italy (+X%), the Netherlands (+X%), Canada (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. Germany and the United States experienced a relatively flat trend pattern. By contrast, Argentina (-X%) illustrated a downward trend over the same period. The Netherlands (+X p.p.), India (+X p.p.), Poland (+X p.p.), Belgium (+X p.p.) and the United States (+X p.p.) significantly strengthened its position in terms of the global exports, while China and Argentina saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the Netherlands ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of total exports. Germany, Poland, Canada, India, Argentina, Belgium, Mexico, Italy and the United Arab Emirates lagged somewhat behind, together accounting for a further X terms of the main exporting countries, India, with a CAGR of +X%, recorded 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, approximately equating the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the United Arab Emirates ($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 (+X%), while the other leaders experienced mixed trends in the export price figures.

Peanut Butter Imports

Imports by Country

In 2021, France (X tons), the United States (X tons), Japan (X tons), Germany (X tons), Canada (X tons) and South Korea (X tons) represented the largest importer of peanut butter and prepared or preserved groundnuts in the world, committing X% of total import. South Africa (X tons), the UK (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Sweden (X tons), the Netherlands (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in South Africa (with a CAGR of +X%), 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 comprising X% of total imports. These countries were followed by Germany, Canada, South Korea, the UK, Saudi Arabia, the Netherlands, Sweden, Mexico, the United Arab Emirates and South Africa, which together accounted for a further X terms of the main importing countries, the Netherlands, with a CAGR of +X%, saw the highest growth rate of the value of imports, 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, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($X per ton), while France ($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 (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform