Puerto Rico: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Puerto Rico

In 2021, the Puerto Rican market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 8.3% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Puerto Rico

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 18%. Puerto Rico production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Puerto Rico

In 2021, approx. less than X kg of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were exported from Puerto Rico; remaining stable against the previous year. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

China dominates toe-cap structure, reaching X tons, which was approx. 74% of total exports in 2021. Vietnam (X tons), Germany (X tons) and Turkey (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap. At the same time, Turkey (+15.5%) and Germany (+6.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.5% from 2012-2021. Vietnam experienced a relatively flat trend pattern. While the share of Turkey (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier from Puerto Rico, comprising 60% of global exports. The second position in the ranking was held by Vietnam ($X), with a 7.2% share of global exports. It was followed by Germany, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +2.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+1.2% per year) and Germany (+10.0% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. Overall, the export price continues to indicate 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 ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the other leaders experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Puerto Rico

In 2021, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap imported into Puerto Rico totaled less than X kg, leveling off at 2020. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Germany (X tons) and Russia (X tons) were the key importers of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, together constituting 21% of total imports. The following importers - France (X tons), Japan (X tons), the UK (X tons), Spain (X tons), Italy (X tons), the United Arab Emirates (X tons), Poland (X tons), South Korea (X tons), the Netherlands (X tons) and Ghana (X tons) - together made up 27% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +7.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap into Puerto Rico, comprising 18% of global imports. The second position in the ranking was held by Germany ($X), with a 7.5% share of global imports. It was followed by France, with a 5.1% share.

In the United States, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap contracted by an average annual rate of -2.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+3.3% per year) and France (+3.0% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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