Puerto Rico: Market for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Puerto Rico

In 2021, the Puerto Rican market for bucket type continuous-action elevators and conveyors for goods or materials was finally on the rise to reach $X after three years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Puerto Rico

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials expanded sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 66%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports from Puerto Rico

In 2021, approx. less than X units of bucket type continuous-action elevators and conveyors for goods or materials were exported from Puerto Rico; remaining relatively unchanged against 2020. Overall, exports recorded a relatively flat trend pattern.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China (X units) and Thailand (X units) were the largest exporters of bucket type continuous-action elevators and conveyors for goods or materials in 2021, reaching approx. 43% and 1.5% of total exports, respectively. Singapore (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by India (6.1%), Germany (4.5%) and Brazil (1.4%). Italy (X units), Spain (X units), South Africa (X units), Australia (X units), the Netherlands (X units) and the United States (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bucket type continuous-action elevators and conveyors for goods or materials exports from China and Thailand stood at +14.0% and -22.9%, respectively. At the same time, Spain (+33.2%), South Africa (+13.0%), Italy (+8.0%), the Netherlands (+5.4%) and India (+3.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.2% from 2012-2021. By contrast, the United States (-2.2%), Singapore (-2.3%), Germany (-3.7%), Australia (-7.4%) and Brazil (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Spain, South Africa and Italy increased by +27, +3.4, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bucket type continuous-action elevator and conveyor supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was taken by Germany ($X), with a 12% share of global exports. It was followed by Italy, with an 8.7% share.

In China, exports of bucket type continuous-action elevators and conveyors for goods or materials decreased by an average annual rate of -4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-5.6% per year) and Italy (+3.9% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while Singapore ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+15.6%), while the other leaders experienced more modest paces of growth.

Imports of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports into Puerto Rico

Imports of bucket type continuous-action elevators and conveyors for goods or materials into Puerto Rico amounted to less than X units in 2021, approximately equating the previous year's figure. In general, imports saw a relatively flat trend pattern.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials totaled less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

South Africa was the largest importing country with an import of about X units, which reached 49% of total imports. It was distantly followed by the United States (X units) and Thailand (X units), together comprising a 12% share of total imports. China (X units), the Netherlands (X units), Singapore (X units), the Philippines (X units), Sweden (X units) and Spain (X units) took a relatively small share of total imports.

South Africa was also the fastest-growing in terms of the bucket type continuous-action elevators and conveyors for goods or materials imports, with a CAGR of +78.2% from 2012 to 2021. At the same time, Sweden (+64.9%), the Netherlands (+49.1%), Spain (+34.1%), the Philippines (+22.5%), Thailand (+19.3%) and the United States (+17.4%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, China (-1.2%) illustrated a downward trend over the same period. South Africa (+48 p.p.), the Netherlands (+2.4 p.p.), Thailand (+2.3 p.p.), the United States (+1.9 p.p.) and Sweden (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Singapore and China saw its share reduced by -5.7% and -8.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bucket type continuous-action elevators and conveyors for goods or materials into Puerto Rico, comprising 14% of global imports. The second position in the ranking was held by the United States ($X), with a 6% share of global imports. It was followed by the Netherlands, with a 4% share.

In China, imports of bucket type continuous-action elevators and conveyors for goods or materials contracted by an average annual rate of -1.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+1.9% per year) and the Netherlands (+26.4% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, remaining stable against the previous year. In general, 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 China ($X per thousand units), while South Africa ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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