Report Update May 1, 2024

Puerto Rico - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in Puerto Rico

The Puerto Rican steel stranded wire market declined to $X in 2021, which is down by -11.8% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Steel Stranded Wire Production in Puerto Rico

In value terms, steel stranded wire production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 35%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Steel Stranded Wire Exports

Exports by Country

China represented the key exporting country with an export of about X tons, which finished at 37% of total exports. Vietnam (X tons) took a 6% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (5.3%) and South Korea (5.3%). Turkey (X tons), Malaysia (X tons), Germany (X tons), Portugal (X tons), Romania (X tons), Italy (X tons), India (X tons), Belarus (X tons) and Hungary (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Vietnam (+19.4%), Thailand (+8.0%), Turkey (+7.7%), Romania (+4.3%), Hungary (+3.5%), India (+2.7%), Belarus (+1.6%) and Portugal (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.4% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Malaysia (-1.9%), Italy (-3.9%) and South Korea (-4.8%) illustrated a downward trend over the same period. China (+8.4 p.p.), Vietnam (+4.5 p.p.) and Thailand (+2 p.p.) significantly strengthened its position in terms of the global exports, while Italy and South Korea saw its share reduced by -2% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steel stranded wire supplier from Puerto Rico, comprising 29% of global exports. The second position in the ranking was held by Germany ($X), with a 6.3% share of global exports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.0%. In the other countries, the average annual rates were as follows: Germany (-0.0% per year) and South Korea (-4.0% per year).

Steel Stranded Wire Imports

Imports by Country

In 2021, the United States (X tons), distantly followed by South Korea (X tons) represented the largest importers of iron or steel stranded wire, ropes and cables, together generating 19% of total imports. Vietnam (X tons), Germany (X tons), Thailand (X tons), Japan (X tons), Poland (X tons), Canada (X tons), India (X tons), the Netherlands (X tons), Spain (X tons), Belgium (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to steel stranded wire imports into the United States stood at +2.0%. At the same time, India (+15.9%), Vietnam (+10.9%), Thailand (+10.0%), Belgium (+8.1%), Poland (+5.2%), South Korea (+3.4%), Japan (+2.7%), Brazil (+2.6%) and the Netherlands (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +15.9% from 2012-2021. Canada experienced a relatively flat trend pattern. By contrast, Germany (-2.2%) and Spain (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, India and Thailand increased by +2.3, +1.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel stranded wire, ropes and cables into Puerto Rico, comprising 13% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.2% share of global imports. It was followed by South Korea, with a 3.7% share.

In the United States, steel stranded wire imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and South Korea (+1.5% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel stranded wire, ropes and cables in the world?

China constituted the country with the largest volume of steel stranded wire consumption, accounting for 22% of total volume. Moreover, steel stranded wire consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.9% share.

What are the largest producers of iron or steel stranded wire, ropes and cables in the world?

The country with the largest volume of steel stranded wire production was China, comprising approx. 36% of total volume. Moreover, steel stranded wire production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of iron or steel stranded wire, ropes and cables to Puerto Rico?

In value terms, the United States constitutes the largest market for imported iron or steel stranded wire, ropes and cables into Puerto Rico, comprising 13% of global imports. The second position in the ranking was taken by Germany, with a 5.2% share of global imports. It was followed by South Korea, with a 3.7% share.

What are the leading importers of iron or steel stranded wire, ropes and cables from Puerto Rico?

In value terms, China remains the largest steel stranded wire supplier from Puerto Rico, comprising 29% of global exports. The second position in the ranking was taken by Germany, with a 6.3% share of global exports. It was followed by South Korea, with a 6.2% share.

This report provides an in-depth analysis of the steel stranded wire 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:

Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

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