Report Update Apr 1, 2024

Puerto Rico - Refined Olive Oil - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Refined Olive Oil Market 2024

Refined Olive Oil Exports

Exports by Country

Spain was the key exporting country with an export of around X tons, which reached 63% of total exports. Italy (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Portugal (6.7%). Turkey (X tons), Tunisia (X tons), Greece (X tons) and the United States (X tons) followed a long way behind the leaders.

Exports from Spain increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Turkey (+6.6%) and the United States (+4.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.6% from 2012-2021. Greece and Portugal experienced a relatively flat trend pattern. By contrast, Tunisia (-3.6%) and Italy (-5.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain and Turkey increased by +11 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest refined olive oil supplier from Puerto Rico, comprising 60% of global exports. The second position in the ranking was taken by Italy ($X), with a 15% share of global exports. It was followed by Portugal, with a 7.5% share.

In Spain, refined olive oil exports expanded at an average annual rate of +4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-3.4% per year) and Portugal (+0.8% per year).

Refined Olive Oil Imports

Imports by Country

In 2021, the United States (X tons), distantly followed by Italy (X tons), the UK (X tons) and Portugal (X tons) were the main importers of refined olive oil, together creating 48% of total imports. The following importers - Brazil (X tons), China (X tons), Japan (X tons), Australia (X tons), Canada (X tons), the Netherlands (X tons), Spain (X tons), Germany (X tons) and India (X tons) - together made up 25% of total imports.

Imports into the United States decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, China (+22.6%), Spain (+7.0%), the UK (+3.6%), the Netherlands (+2.8%) and Canada (+1.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +22.6% from 2012-2021. Italy and Brazil experienced a relatively flat trend pattern. By contrast, Japan (-1.2%), India (-1.3%), Germany (-1.8%), Australia (-4.0%) and Portugal (-4.9%) illustrated a downward trend over the same period. While the share of China (+2.8 p.p.) and the UK (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-2.4 p.p.) and Portugal (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported refined olive oil into Puerto Rico, comprising 23% of global imports. The second position in the ranking was held by Italy ($X), with an 8.3% share of global imports. It was followed by the UK, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Italy (+1.0% per year) and the UK (+5.7% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 29% share of global consumption. Italy, Japan, Pakistan, Germany, Russia, Nigeria, Brazil, Bangladesh, Indonesia and France lagged somewhat behind, together accounting for a further 28%.

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

The countries with the highest volumes of production in 2021 were China, Spain and India, together accounting for 28% of global production. The United States, Italy, Japan, Pakistan, Germany, Russia, Nigeria, Bangladesh, Indonesia and Turkey lagged somewhat behind, together accounting for a further 31%.

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

In value terms, the United States constitutes the largest market for imported refined olive oil into Puerto Rico, comprising 23% of global imports. The second position in the ranking was held by Italy, with an 8.3% share of global imports. It was followed by the UK, with a 7.8% share.

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

In value terms, Spain remains the largest refined olive oil supplier from Puerto Rico, comprising 60% of global exports. The second position in the ranking was taken by Italy, with a 15% share of global exports. It was followed by Portugal, with a 7.5% share.

This report provides an in-depth analysis of the refined 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:

Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

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