Puerto Rico: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Puerto Rico

In 2021, after four years of decline, there was growth in the Puerto Rican motorised invalid carriage market, when its value increased by 1.3% to $X. Overall, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Motorised Invalid Carriage Production in Puerto Rico

In value terms, motorised invalid carriage production rose to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 74%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Motorised Invalid Carriage Exports

Exports from Puerto Rico

In 2021, the amount of invalid carriages motorised or mechanically propelled exported from Puerto Rico totaled less than X units, standing approx. at the previous year's figure. Overall, exports recorded a relatively flat trend pattern.

In value terms, motorised invalid carriage exports amounted to less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

China represented the major exporting country with an export of around X units, which resulted at 52% of total exports. It was distantly followed by Taiwan (Chinese) (X units), Belgium (X units) and the UK (X units), together comprising a 25% share of total exports. Germany (X units), Thailand (X units), Australia (X units), the Netherlands (X units), the United States (X units) and Vietnam (X units) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to motorised invalid carriage exports from China stood at +2.4%. At the same time, Belgium (+39.8%), Thailand (+22.3%), Australia (+17.0%), the UK (+10.2%), Vietnam (+2.1%) and the Netherlands (+1.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.8% from 2012-2021. By contrast, Germany (-3.1%), Taiwan (Chinese) (-3.4%) and the United States (-5.0%) illustrated a downward trend over the same period. Belgium (+6.9 p.p.), the UK (+2.9 p.p.), Thailand (+1.9 p.p.) and Australia (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the United States, China, Germany and Taiwan (Chinese) saw its share reduced by -1.8%, -2%, -3.1% and -8.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorised invalid carriage supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of global exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +5.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-0.7% per year) and Germany (+0.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately mirroring the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per thousand units), while Belgium ($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 the Netherlands (+6.2%), while the other leaders experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Puerto Rico

Motorised invalid carriage imports into Puerto Rico totaled less than X units in 2021, flattening at 2020 figures. Overall, imports saw a relatively flat trend pattern.

In value terms, motorised invalid carriage imports totaled less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), India (X units) and the UK (X units) represented the main importer of invalid carriages motorised or mechanically propelled in the world, comprising 43% of total import. Belgium (X units) held the next position in the ranking, followed by Canada (X units). All these countries together held approx. 9.6% share of total imports. The following importers - France (X units), Spain (X units), the Netherlands (X units), Australia (X units), Saudi Arabia (X units), Singapore (X units), Germany (X units) and Turkey (X units) - together made up 23% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 38% of total imports. These countries were followed by Australia, Germany, the Netherlands, Canada, Spain, Belgium, Turkey, India, Saudi Arabia and Singapore, which together accounted for a further 30%.

Spain, with a CAGR of +11.8%, recorded 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.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, remaining relatively unchanged against the previous year. Over the period under review, 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 Germany ($X per thousand units), while India ($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 Germany (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :