Puerto Rico: Sweet Potato Market 2024

Sweet Potato Market Size in Puerto Rico

The Puerto Rican sweet potato market rose slightly to $X in 2021, surging by 2.3% against the previous year. In general, consumption, however, faced a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sweet Potato Production in Puerto Rico

In value terms, sweet potato production rose modestly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by 64% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average sweet potato yield in Puerto Rico skyrocketed to X tons per ha, jumping by 18% against the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, the sweet potato yield hit record highs at X tons per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of sweet potatoes were harvested in Puerto Rico; which is down by -13.6% on the year before. Overall, the harvested area recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 43%. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Sweet Potato Exports

Exports from Puerto Rico

Sweet potato exports from Puerto Rico was estimated at less than X kg in 2021, therefore, remained relatively stable against 2020. In general, exports saw a relatively flat trend pattern.

In value terms, sweet potato exports amounted to less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, the United States (X tons), distantly followed by the Netherlands (X tons), Egypt (X tons), Spain (X tons) and Canada (X tons) were the key exporters of sweet potatoes, together committing 76% of total exports. Vietnam (X tons), Lao People's Democratic Republic (X tons), China (X tons), Portugal (X tons), Peru (X tons), the Dominican Republic (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +66.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Egypt ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 61% share of total exports. Spain, Vietnam, Canada, Portugal, China, Lao People's Democratic Republic, Indonesia, the Dominican Republic and Peru lagged somewhat behind, together comprising a further 26%.

Portugal, with a CAGR of +68.8%, saw the highest growth rate of 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.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Peru ($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 Dominican Republic (+5.7%), while the other leaders experienced more modest paces of growth.

Sweet Potato Imports

Imports into Puerto Rico

Sweet potato imports into Puerto Rico stood at less than X kg in 2021, remaining stable against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, sweet potato imports amounted to less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

The Netherlands (X tons) and the UK (X tons) represented roughly 42% of total imports in 2021. It was distantly followed by Canada (X tons), France (X tons), Belgium (X tons), Germany (X tons) and the United States (X tons), together creating a 32% share of total imports. Thailand (X tons), Italy (X tons), Malaysia (X tons), Spain (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +44.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet potato importing markets into Puerto Rico were the Netherlands ($X), the UK ($X) and Canada ($X), together comprising 48% of total imports. These countries were followed by Germany, France, Belgium, Thailand, the United States, Japan, Spain, Malaysia and Italy, which together accounted for a further 35%.

Belgium, with a CAGR of +39.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :