Report Update Apr 1, 2024

Puerto Rico - Electric Soldering Irons and Guns - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Electric Soldering Iron Market 2024

Electric Soldering Iron Exports

Exports by Country

In 2021, China (X units) was the largest exporter of electric soldering irons and guns, achieving 63% of total exports. Germany (X units) took the second position in the ranking, distantly followed by the Netherlands (X units). All these countries together took near 20% share of total exports. Hong Kong SAR (X units), Taiwan (Chinese) (X units), Spain (X units), Belgium (X units) and Mexico (X units) took a minor share of total exports.

Exports from China increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, the Netherlands (+11.9%), Germany (+8.9%) and Belgium (+2.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.9% from 2012-2021. By contrast, Spain (-3.3%), Mexico (-6.0%), Hong Kong SAR (-7.0%) and Taiwan (Chinese) (-8.0%) illustrated a downward trend over the same period. Germany (+6.9 p.p.) and the Netherlands (+2.8 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -2.6% and -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric soldering iron supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 7.7% share of global exports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +11.1%. In the other countries, the average annual rates were as follows: the Netherlands (+19.5% per year) and Germany (-2.6% per year).

Electric Soldering Iron Imports

Imports by Country

Nigeria represented the key importer of electric soldering irons and guns in the world, with the volume of imports accounting for X units, which was approx. 28% of total imports in 2021. It was distantly followed by Germany (X units), creating a 7.7% share of total imports. The Netherlands (X units), Indonesia (X units), the United States (X units), Poland (X units), Hong Kong SAR (X units), the Czech Republic (X units), Brazil (X units), Paraguay (X units), Russia (X units), Chile (X units) and the UK (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +9.8% from 2012 to 2021. At the same time, the Czech Republic (+13.9%), Paraguay (+12.9%), Germany (+8.1%), Chile (+7.9%), Indonesia (+6.2%), the Netherlands (+4.4%), Poland (+1.9%) and Brazil (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +13.9% from 2012-2021. The UK and the United States experienced a relatively flat trend pattern. By contrast, Russia (-2.6%) and Hong Kong SAR (-4.5%) illustrated a downward trend over the same period. Nigeria (+9.9 p.p.) and Germany (+2 p.p.) significantly strengthened its position in terms of the global imports, while Russia, the United States and Hong Kong SAR saw its share reduced by -2%, -2% and -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, with a combined 28% share of total imports. These countries were followed by Hong Kong SAR, the UK, Nigeria, Chile, Russia, Poland, Brazil, the Czech Republic, Indonesia and Paraguay, which together accounted for a further 22%.

In terms of the main importing countries, Paraguay, with a CAGR of +20.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for electric soldering irons and guns in the world?

Nigeria constituted the country with the largest volume of electric soldering iron consumption, comprising approx. 31% of total volume. Moreover, electric soldering iron consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Taiwan Chinese), sevenfold. Indonesia ranked third in terms of total consumption with a 3.8% share.

What are the largest producers of electric soldering irons and guns in the world?

The country with the largest volume of electric soldering iron production was China, comprising approx. 76% of total volume. Moreover, electric soldering iron production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), sevenfold. Germany ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of electric soldering irons and guns to Puerto Rico?

In value terms, the largest electric soldering iron importing markets into Puerto Rico were the United States, Germany and the Netherlands, together comprising 28% of total imports. These countries were followed by Hong Kong SAR, the UK, Nigeria, Chile, Russia, Poland, Brazil, the Czech Republic, Indonesia and Paraguay, which together accounted for a further 22%.

What are the leading importers of electric soldering irons and guns from Puerto Rico?

In value terms, China remains the largest electric soldering iron supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was held by the Netherlands, with a 7.7% share of global exports. It was followed by Germany, with a 7% share.

This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns

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