Puerto Rico: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Puerto Rico

After two years of growth, the Puerto Rican market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -9.7% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Puerto Rico

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Puerto Rico

In 2021, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps exported from Puerto Rico stood at less than X units, therefore, remained relatively stable against the previous year. Overall, exports recorded a relatively flat trend pattern.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China represented the key exporting country with an export of around X units, which accounted for 44% of total exports. It was distantly followed by Germany (X units), Mexico (X units), Japan (X units), Bulgaria (X units) and the United States (X units), together mixing up a 34% share of total exports. South Korea (X units), Canada (X units) and Italy (X units) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps. At the same time, Mexico (+14.7%), Bulgaria (+10.8%), Japan (+6.0%), South Korea (+4.5%) and Italy (+4.3%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.7% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Canada (-1.9%) and the United States (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico, Bulgaria and Japan increased by +5.6, +2.5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplying countries from Puerto Rico were Germany ($X), China ($X) and the United States ($X), with a combined 49% share of total exports. These countries were followed by Japan, Canada, Italy, Mexico, South Korea and Bulgaria, which together accounted for a further 27%.

South Korea, with a CAGR of +12.0%, recorded 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

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, stabilizing at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while Bulgaria ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the other leaders experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Puerto Rico

Imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps into Puerto Rico amounted to less than X units in 2021, remaining stable against 2020. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

The United States (X units), Turkey (X units), Mexico (X units), China (X units), Germany (X units), the UK (X units) and Japan (X units) represented roughly 70% of total imports in 2021. Poland (X units), Brazil (X units), France (X units), India (X units), South Korea (X units) and Canada (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump importing markets into Puerto Rico were the United States ($X), China ($X) and Mexico ($X), with a combined 40% share of total imports. Germany, Canada, Japan, France, Turkey, the UK, Poland, India, Brazil and South Korea lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +13.1%, saw 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 thousand units in 2021, remaining constant against the previous year. In general, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per thousand units), while Turkey ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+18.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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