Puerto Rico: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2022

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Puerto Rico

The Puerto Rican market for iron or steel gas domestic cooking appliances and plate warmers declined slightly to $X in 2021, which is down by -2.4% against the previous year. Overall, consumption showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Puerto Rico

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers shrank to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 9.2% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports by Country

China prevails in warmers structure, accounting for X tons, which was approx. 64% of total exports in 2021. Turkey (X tons) ranks second in terms of the total exports with an 8.9% share, followed by Mexico (4.8%). Italy (X tons), Ecuador (X tons), South Korea (X tons), Belarus (X tons), the Netherlands (X tons), the United States (X tons) and Poland (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, South Korea (+19.1%), the Netherlands (+12.2%), Turkey (+5.5%), Mexico (+2.0%) and Ecuador (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.1% from 2012-2021. By contrast, Belarus (-3.3%), Italy (-3.7%), Poland (-6.8%) and the United States (-18.0%) illustrated a downward trend over the same period. China (+15 p.p.) significantly strengthened its position in terms of the global exports, while Belarus, Poland, Italy and the United States saw its share reduced by -1.5%, -1.9%, -3.4% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier from Puerto Rico, comprising 48% of global exports. The second position in the ranking was held by Mexico ($X), with a 9.1% share of global exports. It was followed by Turkey, with a 7% share.

In China, exports of iron or steel gas domestic cooking appliances and plate warmers expanded at an average annual rate of +8.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+6.9% per year) and Turkey (+5.5% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.3%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports by Country

In 2021, the United States (X tons) was the major importer of iron or steel gas domestic cooking appliances and plate warmers, creating 38% of total imports. Germany (X tons) took a 5% share (based on physical terms) of total imports, which put it in second place, followed by Canada (4.8%). The UK (X tons), Russia (X tons), the Netherlands (X tons), France (X tons), Australia (X tons), Saudi Arabia (X tons) and Algeria (X tons) held a minor share of total imports.

Imports into the United States increased at an average annual rate of +8.4% from 2012 to 2021. At the same time, Germany (+13.5%), the Netherlands (+11.0%), the UK (+4.5%) and Canada (+2.5%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of +13.5% from 2012-2021. Saudi Arabia and France experienced a relatively flat trend pattern. By contrast, Algeria (-2.2%), Russia (-3.0%) and Australia (-4.0%) illustrated a downward trend over the same period. While the share of the United States (+9.6 p.p.) and Germany (+2.5 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Australia (-2.8 p.p.) and Russia (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers into Puerto Rico, comprising 37% of global imports. The second position in the ranking was held by Canada ($X), with a 5.9% share of global imports. It was followed by Germany, with a 5.7% share.

In the United States, imports of iron or steel gas domestic cooking appliances and plate warmers increased at an average annual rate of +7.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (+4.8% per year) and Germany (+12.4% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.0%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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