Puerto Rico: Centrifuges Market 2024

Centrifuges Market Size in Puerto Rico

In 2021, the Puerto Rican centrifuges market decreased by -3.5% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption posted a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped modestly in the following year.

Centrifuges Production in Puerto Rico

In value terms, centrifuges production shrank to $X in 2021 estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 100% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Centrifuges Exports

Exports from Puerto Rico

In 2021, approx. less than X units of centrifuges were exported from Puerto Rico; leveling off at the year before. Overall, exports showed a relatively flat trend pattern.

In value terms, centrifuges exports stood at less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, China (X units) was the largest exporter of centrifuges, creating 60% of total exports. India (X units) ranks second in terms of the total exports with an 11% share, followed by Switzerland (5.6%) and Germany (5.2%). Singapore (X units), Hong Kong SAR (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 centrifuges exports from China stood at +6.1%. At the same time, Hong Kong SAR (+22.0%) and Switzerland (+19.3%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.0% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, India (-2.2%), the United States (-3.2%) and Singapore (-11.5%) illustrated a downward trend over the same period. China (+14 p.p.), Switzerland (+4.1 p.p.) and Hong Kong SAR (+2 p.p.) significantly strengthened its position in terms of the global exports, while Germany, India and Singapore saw its share reduced by -2.1%, -6.5% and -12.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest centrifuges supplier from Puerto Rico, comprising 41% of global exports. The second position in the ranking was taken by China ($X), with a 13% share of global exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: China (+6.1% per year) and the United States (-4.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per thousand units), while China ($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 Singapore (+7.9%), while the other leaders experienced more modest paces of growth.

Centrifuges Imports

Imports into Puerto Rico

In 2021, approx. less than X units of centrifuges were imported into Puerto Rico; remaining constant against the previous year. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, centrifuges imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

The United States represented the major importer of centrifuges in the world, with the volume of imports resulting at X units, which was approx. 39% of total imports in 2021. India (X units) took the second position in the ranking, distantly followed by Canada (X units). All these countries together held near 31% share of total imports. Singapore (X units), Switzerland (X units), South Africa (X units), Paraguay (X units), Japan (X units), Australia (X units) and China (X units) held a minor share 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 India (with a CAGR of +64.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifuges importing markets into Puerto Rico were China ($X), the United States ($X) and Canada ($X), together accounting for 36% of total imports. These countries were followed by India, Japan, Australia, Singapore, Switzerland, South Africa and Paraguay, which together accounted for a further 9%.

In terms of the main importing countries, Switzerland, with a CAGR of +5.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate 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 ($X per thousand units), while India ($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 Paraguay (+28.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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