Report Update May 1, 2024

Puerto Rico - Hand-Operated Drilling, Threading or Tapping Tools - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Puerto Rico

In 2021, after three years of decline, there was growth in the Puerto Rican market for hand-operated drilling, threading or tapping tools, when its value increased by 4% to $X. Overall, consumption, however, saw a mild curtailment. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Puerto Rico

In value terms, production of hand-operated drilling, threading or tapping tools expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34% against the previous year. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports by Country

In 2021, China (X tons) represented the key exporter of hand-operated drilling, threading or tapping tools, making up 47% of total exports. It was distantly followed by the Netherlands (X tons), achieving a 5.5% share of total exports. Belgium (X tons), the United States (X tons), Germany (X tons), India (X tons), Spain (X tons), Pakistan (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), the UK (X tons), France (X tons) and South Africa (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hand-operated drilling, threading or tapping tool exports from China stood at +9.0%. At the same time, the Netherlands (+23.7%), Belgium (+19.9%), South Korea (+12.3%), France (+5.9%), Pakistan (+4.5%), Taiwan (Chinese) (+1.6%) and Spain (+1.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.7% from 2012-2021. By contrast, the UK (-1.0%), Germany (-3.7%), South Africa (-5.3%), the United States (-10.6%) and India (-13.3%) illustrated a downward trend over the same period. While the share of China (+25 p.p.), the Netherlands (+4.6 p.p.) and Belgium (+3.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-7.2 p.p.) and India (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand-operated drilling, threading or tapping tool supplier from Puerto Rico, comprising 25% of global exports. The second position in the ranking was taken by the United States ($X), with a 12% share of global exports. It was followed by the Netherlands, with an 8.1% share.

In China, exports of hand-operated drilling, threading or tapping tools expanded at an average annual rate of +15.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-2.3% per year) and the Netherlands (+27.7% per year).

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports by Country

In 2021, Malaysia (X tons), distantly followed by the UK (X tons), the Netherlands (X tons) and France (X tons) were the key importers of hand-operated drilling, threading or tapping tools, together making up 44% of total imports. The following importers - Saudi Arabia (X tons), Belgium (X tons), Germany (X tons), the United States (X tons), India (X tons), Indonesia (X tons) and Russia (X tons) - together made up 20% of total imports.

Malaysia was also the fastest-growing in terms of the hand-operated drilling, threading or tapping tools imports, with a CAGR of +39.7% from 2012 to 2021. At the same time, Belgium (+23.6%), France (+21.2%), the Netherlands (+14.1%), Saudi Arabia (+8.8%), Germany (+3.6%), the UK (+2.4%) and the United States (+1.4%) displayed positive paces of growth. By contrast, India (-3.1%), Indonesia (-7.9%) and Russia (-9.9%) illustrated a downward trend over the same period. While the share of Malaysia (+20 p.p.), France (+5 p.p.), the Netherlands (+4.5 p.p.), Belgium (+2.8 p.p.) and Saudi Arabia (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of India (-2 p.p.), Indonesia (-3.6 p.p.) and Russia (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools into Puerto Rico, comprising 22% of global imports. The second position in the ranking was held by France ($X), with an 8% share of global imports. It was followed by Malaysia, with a 5.9% share.

In the Netherlands, imports of hand-operated drilling, threading or tapping tools increased at an average annual rate of +13.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+20.6% per year) and Malaysia (+17.1% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand-operated drilling, threading or tapping tools in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 38% share of global consumption. These countries were followed by Japan, Malaysia, Pakistan, Russia, Indonesia, Germany, Mexico, Turkey, Saudi Arabia and the UK, which together accounted for a further 35%.

What are the largest producers of hand-operated drilling, threading or tapping tools in the world?

The country with the largest volume of production of hand-operated drilling, threading or tapping tools was China, accounting for 27% of total volume. Moreover, production of hand-operated drilling, threading or tapping tools in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 9.4% share.

What are the leading suppliers of hand-operated drilling, threading or tapping tools to Puerto Rico?

In value terms, the Netherlands constitutes the largest market for imported hand-operated drilling, threading or tapping tools into Puerto Rico, comprising 22% of global imports. The second position in the ranking was held by France, with an 8% share of global imports. It was followed by Malaysia, with a 5.9% share.

What are the leading importers of hand-operated drilling, threading or tapping tools from Puerto Rico?

In value terms, China remains the largest hand-operated drilling, threading or tapping tool supplier from Puerto Rico, comprising 25% of global exports. The second position in the ranking was taken by the United States, with a 12% share of global exports. It was followed by the Netherlands, with an 8.1% share.

This report provides an in-depth analysis of the market for hand-operated drilling, threading or tapping tool 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 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor

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:

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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