Report Update Apr 1, 2024

Puerto Rico - Electrical Insulators - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Electrical Insulator Market 2024

Electrical Insulator Market Size in Puerto Rico

The Puerto Rican electrical insulator market shrank to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption, however, showed a notable expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Electrical Insulator Production in Puerto Rico

In value terms, electrical insulator production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Electrical Insulator Exports

Exports by Country

In 2021, China (X units) represented the main exporter of electrical insulators, comprising 42% of total exports. The United States (X units) took the second position in the ranking, followed by India (X units), Germany (X units), Russia (X units) and Italy (X units). All these countries together held near 31% share of total exports. Ukraine (X units), France (X units) and Portugal (X units) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -3.5% from 2012 to 2021. At the same time, the United States (+19.7%), France (+17.3%), Portugal (+16.8%), Russia (+8.5%), Italy (+3.1%), India (+3.0%) and Ukraine (+1.0%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.7% from 2012-2021. By contrast, Germany (-10.9%) illustrated a downward trend over the same period. While the share of the United States (+7.4 p.p.), Germany (+5.6 p.p.), Italy (+4.5 p.p.), Russia (+2.3 p.p.), France (+1.7 p.p.) and Portugal (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-27.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrical insulator supplier from Puerto Rico, comprising 22% of global exports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of global exports. It was followed by the United States, with an 8.8% share.

In China, electrical insulator exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-11.5% per year) and the United States (-0.7% per year).

Electrical Insulator Imports

Imports by Country

In 2021, the United States (X units), distantly followed by Nigeria (X units) and Germany (X units) represented the main importers of electrical insulators, together generating 33% of total imports. India (X units), Italy (X units), Brazil (X units), Thailand (X units), France (X units), Democratic Republic of the Congo (X units), the Netherlands (X units), Russia (X units), Spain (X units) and Bangladesh (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electrical insulator imports into the United States stood at +24.5%. At the same time, Democratic Republic of the Congo (+53.2%), the Netherlands (+44.8%), Italy (+32.9%), Spain (+32.7%), Bangladesh (+22.3%), France (+21.2%), Thailand (+11.6%), Nigeria (+9.6%), Germany (+8.0%), Brazil (+5.5%) and India (+1.4%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in the world, with a CAGR of +53.2% from 2012-2021. By contrast, Russia (-3.3%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.), Germany (+5 p.p.), Italy (+3.8 p.p.), France (+2.3 p.p.), the Netherlands (+2.2 p.p.), Democratic Republic of the Congo (+2.1 p.p.), Spain (+1.9 p.p.) and Nigeria (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of India (-2.4 p.p.) and Russia (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electrical insulators into Puerto Rico, comprising 13% of global imports. The second position in the ranking was held by Germany ($X), with a 4.9% share of global imports. It was followed by India, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and India (-4.2% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical insulators in the world?

The countries with the highest volumes of consumption in 2021 were China, Germany and the United States, together comprising 37% of global consumption. Nigeria, India, Japan, France, Pakistan, Russia, Brazil, Mexico, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of electrical insulators in the world?

China constituted the country with the largest volume of electrical insulator production, comprising approx. 47% of total volume. Moreover, electrical insulator production in China exceeded the figures recorded by the second-largest producer, Germany, fivefold. India ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of electrical insulators to Puerto Rico?

In value terms, the United States constitutes the largest market for imported electrical insulators into Puerto Rico, comprising 13% of global imports. The second position in the ranking was held by Germany, with a 4.9% share of global imports. It was followed by India, with a 3.8% share.

What are the leading importers of electrical insulators from Puerto Rico?

In value terms, China remains the largest electrical insulator supplier from Puerto Rico, comprising 22% of global exports. The second position in the ranking was taken by Germany, with a 9.1% share of global exports. It was followed by the United States, with an 8.8% share.

This report provides an in-depth analysis of the electrical insulator 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 27901230 - Electrical insulators (excluding of glass or ceramics)
Prodcom 23431030 - Electrical insulators of ceramics (excluding insulating fittings)
Prodcom 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

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