Report Update Apr 1, 2024

Puerto Rico - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Puerto Rico

The Puerto Rican forged stainless steel bar market rose significantly to $X in 2021, increasing by 5.9% against the previous year. In general, consumption, however, recorded a perceptible descent. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Forged Bars Of Stainless Steel in Puerto Rico

In value terms, forged stainless steel bar production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 13%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports by Country

In 2021, India (X tons) represented the major exporter of forged bars of stainless steel, generating 30% of total exports. Germany (X tons) took the second position in the ranking, followed by Italy (X tons), South Korea (X tons), Sweden (X tons), China (X tons) and Singapore (X tons). All these countries together took near 40% share of total exports. The United Arab Emirates (X tons), Belgium (X tons), Taiwan (Chinese) (X tons), Poland (X tons), Latvia (X tons) and the United States (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to forged stainless steel bar exports from India stood at +20.8%. At the same time, Latvia (+61.0%), Belgium (+38.4%) and South Korea (+3.9%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of +61.0% from 2012-2021. China experienced a relatively flat trend pattern. By contrast, Italy (-2.2%), Taiwan (Chinese) (-3.8%), Sweden (-3.8%), Germany (-4.1%), the United Arab Emirates (-13.8%), Poland (-14.2%), the United States (-16.5%) and Singapore (-21.9%) illustrated a downward trend over the same period. India (+26 p.p.), Belgium (+2.8 p.p.), South Korea (+2.4 p.p.) and Latvia (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Germany, the United States, Poland, Singapore and the United Arab Emirates saw its share reduced by -2.7%, -3.2%, -4%, -6.9% and -9.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, with a combined 52% share of total exports. These countries were followed by Sweden, South Korea, China, the United States, Belgium, Taiwan (Chinese), Poland, the United Arab Emirates, Singapore and Latvia, which together accounted for a further 29%.

Latvia, with a CAGR of +64.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Forged Bars Of Stainless Steel

Imports by Country

Germany (X tons), Indonesia (X tons), Singapore (X tons) and Poland (X tons) represented roughly 31% of total imports in 2021. The following importers - China (X tons), South Korea (X tons), Botswana (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), Thailand (X tons), Spain (X tons), Italy (X tons) and Russia (X tons) - together made up 29% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest forged stainless steel bar importing markets into Puerto Rico were Germany ($X), China ($X) and Singapore ($X), with a combined 24% share of total imports. Poland, Spain, Italy, South Korea, Russia, Taiwan (Chinese), Belgium, Thailand, Indonesia and Botswana lagged somewhat behind, together comprising a further 32%.

Belgium, with a CAGR of +15.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for forged bars of stainless steel in the world?

The country with the largest volume of forged stainless steel bar consumption was China, comprising approx. 28% of total volume. Moreover, forged stainless steel bar consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of forged bars of stainless steel in the world?

The country with the largest volume of forged stainless steel bar production was China, accounting for 28% of total volume. Moreover, forged stainless steel bar production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of forged bars of stainless steel to Puerto Rico?

In value terms, the largest forged stainless steel bar importing markets into Puerto Rico were Germany, China and Singapore, together accounting for 24% of total imports. Poland, Spain, Italy, South Korea, Russia, Taiwan Chinese), Belgium, Thailand, Indonesia and Botswana lagged somewhat behind, together comprising a further 32%.

What are the leading importers of forged bars of stainless steel from Puerto Rico?

In value terms, the largest forged stainless steel bar supplying countries from Puerto Rico were India, Germany and Italy, with a combined 52% share of total exports. These countries were followed by Sweden, South Korea, China, the United States, Belgium, Taiwan Chinese), Poland, the United Arab Emirates, Singapore and Latvia, which together accounted for a further 29%.

This report provides an in-depth analysis of the market for forged stainless steel bar 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 24106450 - Forged bars, of stainless steel

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