Puerto Rico: Capacitor Market 2024

Capacitor Market Size in Puerto Rico

The Puerto Rican capacitor market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.9% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Capacitor Production in Puerto Rico

In value terms, capacitor production skyrocketed to $X in 2021 estimated in export price. Overall, production saw pronounced growth. The pace of growth was the most pronounced in 2017 with an increase of 47%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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Capacitor Exports

Exports from Puerto Rico

In 2021, the amount of electrical capacitors exported from Puerto Rico was estimated at less than X kg, almost unchanged from the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, capacitor exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China represented the main exporter of electrical capacitors in the world, with the volume of exports resulting at X tons, which was approx. 30% of total exports in 2021. Hong Kong SAR (X tons) held the second position in the ranking, followed by Japan (X tons), Malaysia (X tons), Germany (X tons) and South Korea (X tons). All these countries together held near 35% share of total exports. Taiwan (Chinese) (X tons), Indonesia (X tons), Singapore (X tons), the Czech Republic (X tons), the Philippines (X tons), the United States (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, the Philippines (+28.3%), Malaysia (+7.2%), Germany (+6.4%), Indonesia (+5.3%), Japan (+3.7%), South Korea (+3.7%), the Czech Republic (+2.5%) and the Netherlands (+1.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.3% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.0%), Singapore (-1.8%) and the United States (-6.9%) illustrated a downward trend over the same period. China (+4.7 p.p.), the Philippines (+2 p.p.), Malaysia (+1.9 p.p.) and Germany (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Hong Kong SAR saw its share reduced by -3% and -3.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2021, with a combined 55% share of total exports. Taiwan (Chinese), the United States, Germany, South Korea, Malaysia, the Philippines, Singapore, the Czech Republic, Indonesia and the Netherlands lagged somewhat behind, together accounting for a further 37%.

The Philippines, with a CAGR of +25.2%, 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, approximately mirroring the previous year. Overall, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Indonesia ($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 United States (+10.9%), while the other leaders experienced more modest paces of growth.

Capacitor Imports

Imports into Puerto Rico

In 2021, the amount of electrical capacitors imported into Puerto Rico totaled less than X kg, almost unchanged from the previous year. Overall, imports continue to indicate a relatively flat trend pattern.

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

Imports by Country

Hong Kong SAR (X tons), Hungary (X tons), China (X tons) and Germany (X tons) represented roughly 38% of total imports in 2021. Singapore (X tons) ranks next in terms of the total imports with a 4.7% share, followed by the United States (4.6%). The following importers - South Korea (X tons), Mexico (X tons), Malaysia (X tons), Thailand (X tons), Belgium (X tons), Vietnam (X tons) and Italy (X tons) - together made up 21% 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 Belgium (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, with a combined 47% share of total imports. The United States, Mexico, South Korea, Singapore, Malaysia, Vietnam, Thailand, Hungary, Italy and Belgium lagged somewhat behind, together accounting for a further 30%.

Vietnam, with a CAGR of +20.5%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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