Report Update Apr 1, 2024

Puerto Rico - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Puerto Rico: Iron And Steel Market 2024

Iron And Steel Market Size in Puerto Rico

The Puerto Rican iron and steel market totaled less than $X in 2021, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern.

Iron And Steel Exports

Exports from Puerto Rico

In 2021, the amount of iron and steel exported from Puerto Rico amounted to less than X kg, remaining stable against the previous year's figure. Overall, exports saw a relatively flat trend pattern.

In value terms, iron and steel exports totaled less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, Russia (X tons), Brazil (X tons) and Ukraine (X tons) was the key exporter of iron and steel in the world, mixing up 73% of total export. It was distantly followed by India (X tons), comprising a 6.8% share of total exports. South Africa (X tons), the Netherlands (X tons), Germany (X tons) and Iran (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +10.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel supplying countries from Puerto Rico were Russia ($X), Brazil ($X) and Ukraine ($X), together comprising 69% of total exports. India, the Netherlands, South Africa, Germany and Iran lagged somewhat behind, together accounting for a further 16%.

India, with a CAGR of +12.4%, saw the highest growth rate of 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.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price saw 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 the Netherlands ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+4.1%), while the other leaders experienced more modest paces of growth.

Iron And Steel Imports

Imports into Puerto Rico

Iron and steel imports into Puerto Rico totaled less than X kg in 2021, remaining relatively unchanged against the previous year. In general, imports saw a relatively flat trend pattern.

In value terms, iron and steel imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

The United States represented the main importing country with an import of around X tons, which reached 39% of total imports. It was distantly followed by China (X tons), Italy (X tons) and Turkey (X tons), together generating a 30% share of total imports. The following importers - the Netherlands (X tons), Taiwan (Chinese) (X tons), Germany (X tons), Mexico (X tons), Spain (X tons), Poland (X tons), the United Arab Emirates (X tons), South Korea (X tons) and Kuwait (X tons) - together made up 17% of total imports.

From 2012 to 2021, average annual rates of growth with regard to iron and steel imports into the United States stood at +3.9%. At the same time, China (+14.1%), the Netherlands (+6.2%), the United Arab Emirates (+5.1%), Mexico (+3.1%), Italy (+2.8%) and Poland (+2.3%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +14.1% from 2012-2021. By contrast, Spain (-1.3%), Turkey (-1.6%), Taiwan (Chinese) (-6.7%), Germany (-7.9%), Kuwait (-8.0%) and South Korea (-17.1%) illustrated a downward trend over the same period. China (+8.6 p.p.) and the United States (+8.5 p.p.) significantly strengthened its position in terms of the global imports, while Turkey, Germany, Taiwan (Chinese) and South Korea saw its share reduced by -2.1%, -2.7%, -2.8% and -5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron and steel into Puerto Rico, comprising 39% of global imports. The second position in the ranking was held by China ($X), with a 12% share of global imports. It was followed by Italy, with a 9.5% share.

In the United States, iron and steel imports increased at an average annual rate of +5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+15.9% per year) and Italy (+4.9% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Overall, the import price showed a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?

The country with the largest volume of iron and steel consumption was China, accounting for 64% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of iron and steel in the world?

The country with the largest volume of iron and steel production was China, comprising approx. 63% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was taken by Japan, with a 5.9% share.

What are the leading suppliers of iron and steel to Puerto Rico?

In value terms, the United States constitutes the largest market for imported iron and steel into Puerto Rico, comprising 39% of global imports. The second position in the ranking was taken by China, with a 12% share of global imports. It was followed by Italy, with a 9.5% share.

What are the leading importers of iron and steel from Puerto Rico?

In value terms, the largest iron and steel supplying countries from Puerto Rico were Russia, Brazil and Ukraine, with a combined 69% share of total exports. India, the Netherlands, South Africa, Germany and Iran lagged somewhat behind, together accounting for a further 16%.

What is the average export price for iron and steel in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, stabilizing at the previous year.

What is the average import price for iron and steel in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, approximately reflecting the previous year.

This report provides an in-depth analysis of the iron and steel market 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:

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