Puerto Rico: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Puerto Rico

In 2021, the Puerto Rican metal link chain parts market decreased by -0.6% to $X, falling for the sixth year in a row after four years of growth. In general, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Puerto Rico

In value terms, metal link chain parts production totaled $X in 2021 estimated in export price. In general, production saw a deep setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Puerto Rico

In 2021, the amount of iron or steel parts of articulated link chain exported from Puerto Rico was estimated at less than X kg, stabilizing at the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, metal link chain parts exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, recording X tons, which was near 57% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 6.9% share, followed by the United States (6.2%), Germany (5.2%) and Taiwan (Chinese) (5.2%). Singapore (X tons), Thailand (X tons) and Italy (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of +13.2% from 2012 to 2021. At the same time, Singapore (+23.6%), Germany (+16.8%), Thailand (+10.8%), Taiwan (Chinese) (+10.2%), the United States (+6.4%) and Japan (+2.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.6% from 2012-2021. By contrast, Italy (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Singapore and Germany increased by +12, +2.5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal link chain parts supplying countries from Puerto Rico were China ($X), Japan ($X) and Germany ($X), with a combined 60% share of total exports. These countries were followed by the United States, Taiwan (Chinese), Singapore, Italy and Thailand, which together accounted for a further 22%.

In terms of the main exporting countries, Singapore, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, 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, 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 Germany ($X per ton), while China ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Puerto Rico

In 2021, approx. less than X kg of iron or steel parts of articulated link chain were imported into Puerto Rico; approximately equating the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, metal link chain parts imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Mexico (X tons), Germany (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Pakistan (X tons) were the main importers of iron or steel parts of articulated link chain, together committing 52% of total imports. Malaysia (X tons), Saudi Arabia (X tons), Canada (X tons), India (X tons), South Korea (X tons) and France (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Pakistan (+54.8%), Saudi Arabia (+33.3%), Mexico (+13.9%), South Korea (+12.8%), India (+7.2%), France (+5.5%), Thailand (+3.6%), Germany (+3.3%), Japan (+2.6%) and Canada (+2.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in the world, with a CAGR of +54.8% from 2012-2021. By contrast, Malaysia (-3.8%) and China (-4.5%) illustrated a downward trend over the same period. Pakistan (+4.6 p.p.), Mexico (+4.2 p.p.), Saudi Arabia (+3.5 p.p.), the United States (+2.2 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Malaysia and China saw its share reduced by -4.3% and -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal link chain parts importing markets into Puerto Rico were the United States ($X), Mexico ($X) and China ($X), with a combined 32% share of total imports. These countries were followed by Germany, Thailand, Japan, France, South Korea, Canada, India, Pakistan, Malaysia and Saudi Arabia, which together accounted for a further 32%.

Among the main importing countries, Pakistan, with a CAGR of +55.9%, recorded the highest growth rate of the value of imports, 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 ton, almost unchanged from the previous year. In general, the import price showed 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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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