Report Update May 1, 2024

Puerto Rico - Yams - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Yams Market 2024

Yams Market Size in Puerto Rico

The Puerto Rican yams market totaled $X in 2021, approximately reflecting the previous year. Over the period under review, consumption showed a pronounced setback. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Yams Production in Puerto Rico

In value terms, yams production reached $X in 2021 estimated in export price. In general, production recorded a pronounced setback. The growth pace was the most rapid in 2015 with an increase of 10% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of yams in Puerto Rico dropped to X tons per ha in 2021, standing approx. at 2020. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by 6.5%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2021, the growth of the yams yield failed to regain momentum. 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 yams production in Puerto Rico amounted to X ha, remaining constant against the previous year's figure. In general, the harvested area saw a mild slump. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 21% against the previous year. Over the period under review, the harvested area dedicated to yams production reached the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Yams Exports

Exports by Country

In 2021, Ghana (X tons) represented the key exporter of yams, generating 26% of total exports. The United States (X tons) took the second position in the ranking, followed by Jamaica (X tons), Colombia (X tons), China (X tons), Costa Rica (X tons), India (X tons), Brazil (X tons) and Japan (X tons). All these countries together took near 59% share of total exports.

Exports from Ghana increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, Brazil (+67.6%), Colombia (+19.5%), India (+11.5%), China (+8.0%), Japan (+5.2%), Jamaica (+4.4%) and the United States (+4.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in the world, with a CAGR of +67.6% from 2012-2021. By contrast, Costa Rica (-6.3%) illustrated a downward trend over the same period. While the share of India (+6.1 p.p.), Colombia (+4.9 p.p.) and Brazil (+4.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Jamaica (-2.4 p.p.), the United States (-2.8 p.p.) and Costa Rica (-16.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Jamaica ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 52% of total exports. These countries were followed by China, Japan, Costa Rica, Colombia, Brazil and India, which together accounted for a further 37%.

Brazil, with a CAGR of +64.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Yams Imports

Imports by Country

In 2021, the United States (X tons), distantly followed by China (X tons), Canada (X tons) and the UK (X tons) were the largest importers of yams, together creating 67% of total imports. The following importers - the Netherlands (X tons), Belgium (X tons), France (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons), South Africa (X tons) and Singapore (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Africa (with a CAGR of +42.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported yams into Puerto Rico, comprising 40% of global imports. The second position in the ranking was held by Canada ($X), with an 18% share of global imports. It was followed by the UK, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +3.7%. In the other countries, the average annual rates were as follows: Canada (+8.4% per year) and the UK (+2.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yams in the world?

Nigeria constituted the country with the largest volume of yams consumption, comprising approx. 67% of total volume. Moreover, yams consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, sixfold. Cote d'Ivoire ranked third in terms of total consumption with a 10% share.

What are the largest producers of yams in the world?

Nigeria remains the largest yams producing country worldwide, comprising approx. 67% of total volume. Moreover, yams production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, sixfold. Cote d'Ivoire ranked third in terms of total production with a 10% share.

What are the leading suppliers of yams to Puerto Rico?

In value terms, the United States constitutes the largest market for imported yams into Puerto Rico, comprising 40% of global imports. The second position in the ranking was held by Canada, with an 18% share of global imports. It was followed by the UK, with a 6.9% share.

What are the leading importers of yams from Puerto Rico?

In value terms, the largest yams supplying countries from Puerto Rico were Ghana, Jamaica and the United States, with a combined 52% share of total exports. These countries were followed by China, Japan, Costa Rica, Colombia, Brazil and India, which together accounted for a further 37%.

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

FCL 137 - Yams

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023