Report Update Apr 1, 2024

Puerto Rico - Extracts, Essences and Concentrates of Tea or Mate - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Extracts Of Tea Market 2024

Extracts Of Tea Market Size in Puerto Rico

In 2021, the Puerto Rican extracts of tea market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a mild descent. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Extracts Of Tea Production in Puerto Rico

In value terms, extracts of tea production surged to $X in 2021 estimated in export price. Overall, production, however, showed a mild curtailment. The growth pace was the most rapid in 2014 with an increase of 84%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Extracts Of Tea Exports

Exports by Country

Spain represented the major exporter of extracts, essences and concentrates of tea or mate in the world, with the volume of exports reaching X tons, which was approx. 35% of total exports in 2021. Canada (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by the United States (6.2%), China (5.5%) and Germany (4.6%). Thailand (X tons), India (X tons), Malaysia (X tons), the Netherlands (X tons), France (X tons), Poland (X tons) and Ireland (X tons) took a little share of total exports.

Spain experienced a relatively flat trend pattern with regard to volume of exports of extracts, essences and concentrates of tea or mate. At the same time, France (+15.3%), Malaysia (+7.3%), India (+6.1%), Poland (+5.7%), China (+5.7%), Germany (+2.8%) and the Netherlands (+1.8%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.3% from 2012-2021. Canada experienced a relatively flat trend pattern. By contrast, the United States (-2.9%), Ireland (-4.7%) and Thailand (-7.2%) illustrated a downward trend over the same period. China (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Spain and Thailand saw its share reduced by -1.7%, -2.1% and -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest extracts of tea supplying countries from Puerto Rico were China ($X), the Netherlands ($X) and the United States ($X), with a combined 47% share of total exports. Ireland, Germany, India, Canada, Spain, Thailand, Malaysia, France and Poland lagged somewhat behind, together accounting for a further 36%.

France, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Extracts Of Tea Imports

Imports by Country

In 2021, the United States (X tons) was the major importer of extracts, essences and concentrates of tea or mate, mixing up 34% of total imports. It was distantly followed by Germany (X tons), mixing up a 5.3% share of total imports. The Philippines (X tons), Canada (X tons), France (X tons), the Netherlands (X tons), Spain (X tons), Ireland (X tons), Denmark (X tons), Greece (X tons), Singapore (X tons), Austria (X tons) and the United Arab Emirates (X tons) took a minor share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of extracts, essences and concentrates of tea or mate. At the same time, the Philippines (+14.9%), Denmark (+12.3%), Austria (+8.6%), the United Arab Emirates (+6.9%), Singapore (+3.9%) and France (+2.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +14.9% from 2012-2021. Ireland and Canada experienced a relatively flat trend pattern. By contrast, Spain (-2.2%), Germany (-9.6%), the Netherlands (-10.0%) and Greece (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines increased by +2.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported extracts, essences and concentrates of tea or mate into Puerto Rico, comprising 16% of global imports. The second position in the ranking was held by France ($X), with a 7% share of global imports. It was followed by the Netherlands, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +2.3%. In the other countries, the average annual rates were as follows: France (+7.9% per year) and the Netherlands (-3.1% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for extracts, essences and concentrates of tea or mate in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 32% of global consumption. These countries were followed by Pakistan, Japan, Brazil, Bangladesh, Russia, Indonesia, the UK, Nigeria, France and Ethiopia, which together accounted for a further 24%.

What are the largest producers of extracts, essences and concentrates of tea or mate in the world?

The countries with the highest volumes of production in 2021 were China, Spain and India, with a combined 32% share of global production. These countries were followed by Canada, the United States, Pakistan, Japan, Brazil, Bangladesh, Russia, Indonesia, the UK and Nigeria, which together accounted for a further 28%.

What are the leading suppliers of extracts, essences and concentrates of tea or mate to Puerto Rico?

In value terms, the United States constitutes the largest market for imported extracts, essences and concentrates of tea or mate into Puerto Rico, comprising 16% of global imports. The second position in the ranking was held by France, with a 7% share of global imports. It was followed by the Netherlands, with a 5.5% share.

What are the leading importers of extracts, essences and concentrates of tea or mate from Puerto Rico?

In value terms, China, the Netherlands and the United States appeared to be the countries with the highest levels of exports in 2021, together accounting for 47% of total exports. Ireland, Germany, India, Canada, Spain, Thailand, Malaysia, France and Poland lagged somewhat behind, together accounting for a further 36%.

This report provides an in-depth analysis of the extracts of tea 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 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate

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