Puerto Rico: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Puerto Rico

For the third consecutive year, the Puerto Rican roots and tubers, nes market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Puerto Rico consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Production of Roots and Tubers, nes in Puerto Rico

In value terms, roots and tubers, nes production expanded modestly to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

The average yield of roots and tubers, nes in Puerto Rico expanded modestly to X tons per ha in 2020, increasing by X% compared with 2019 figures. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X% year-to-year. Over the period under review, the roots and tubers, nes yield attained the peak level in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The roots and tubers, nes harvested area in Puerto Rico contracted modestly to X ha in 2020, shrinking by -X% against 2019. Over the period under review, the harvested area continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. The global harvested area peaked at X ha in 2007; however, from 2008 to 2020, the harvested area remained at a lower figure.

Exports of Roots and Tubers, nes

Exports by Country

China represented the key exporting country with an export of around X tons, which recorded X% of total exports. Ghana (X tons) took the second position in the ranking, followed by Ecuador (X tons), Mexico (X tons), Costa Rica (X tons) and the U.S. (X tons). All these countries together held approx. X% share of total exports. The following exporters - Nicaragua (X tons), Jamaica (X tons), Colombia (X tons), India (X tons), Thailand (X tons) and Brazil (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of roots and tubers, nes. At the same time, Mexico (+X%), Colombia (+X%), Thailand (+X%), the U.S. (+X%), Ecuador (+X%), Ghana (+X%), Brazil (+X%), Nicaragua (+X%) and Jamaica (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. By contrast, India (-X%) and Costa Rica (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Mexico, Ecuador, Ghana, the U.S. and Colombia increased by +X%, +X%, +X%, +X% and +X% percentage points, while India (-X p.p.), Costa Rica (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest roots and tubers, nes supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was occupied by Jamaica ($X), with a X% share of global exports. It was followed by Ecuador, with a X% share.

In China, roots and tubers, nes exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Jamaica (+X% per year) and Ecuador (+X% per year).

Export Prices by Country

In 2020, the roots and tubers, nes export price in Puerto Rico amounted to $X per ton, remaining constant against the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Jamaica ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jamaica, while the other leaders experienced more modest paces of growth.

Imports of Roots and Tubers, nes

Imports by Country

In 2020, the U.S. (X tons), distantly followed by Djibouti (X tons), Japan (X tons), Canada (X tons), the UK (X tons) and Malaysia (X tons) were the key importers of roots and tubers, nes, together making up X% of total imports. The United Arab Emirates (X tons), Singapore (X tons), France (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons) and Spain (X tons) took a relatively small share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Djibouti (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported roots and tubers, nes into Puerto Rico, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., roots and tubers, nes imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Canada (+X% per year).

Import Prices by Country

In 2020, the roots and tubers, nes import price in Puerto Rico amounted to $X per ton, stabilizing at the previous year. In general, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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