Puerto Rico: Paper Label Market 2024

Paper Label Market Size in Puerto Rico

The Puerto Rican paper label market contracted to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Paper Label Production in Puerto Rico

In value terms, paper label production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 21%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Paper Label Exports

Exports from Puerto Rico

Paper label exports from Puerto Rico totaled less than X kg in 2021, approximately reflecting the previous year. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, paper label exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

China represented the main exporting country with an export of around X tons, which finished at 25% of total exports. Germany (X tons) ranks second in terms of the total exports with an 8.7% share, followed by the United States (6.9%), Belgium (6.9%) and Hong Kong SAR (5.5%). The Netherlands (X tons), Italy (X tons), Poland (X tons), France (X tons), Taiwan (Chinese) (X tons), Spain (X tons), the UK (X tons) and Canada (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to paper label exports from China stood at +3.7%. At the same time, Belgium (+15.8%), Poland (+8.3%), Taiwan (Chinese) (+2.9%), Italy (+2.2%), France (+2.1%) and Canada (+1.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.8% from 2012-2021. Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.8%), the United States (-2.0%), the UK (-2.2%) and Spain (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium and China increased by +4.7 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper label supplier from Puerto Rico, comprising 20% of global exports. The second position in the ranking was taken by Germany ($X), with a 9.4% share of global exports. It was followed by the United States, with a 9.4% share.

In China, paper label exports expanded at an average annual rate of +8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+0.7% per year) and the United States (-0.6% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, flattening at the previous year. Overall, the export price showed 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 Canada ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the other leaders experienced more modest paces of growth.

Paper Label Imports

Imports into Puerto Rico

In 2021, the amount of labels of paper or paperboard imported into Puerto Rico totaled less than X kg, approximately reflecting 2020 figures. Overall, imports showed a relatively flat trend pattern.

In value terms, paper label imports amounted to less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Mexico (X tons) was the main importer of labels of paper or paperboard, comprising 49% of total imports. Belgium (X tons), France (X tons), Spain (X tons), the United States (X tons), Canada (X tons), the UK (X tons), Hong Kong SAR (X tons), Germany (X tons), Vietnam (X tons), the Netherlands (X tons), Poland (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the labels of paper or paperboard imports, with a CAGR of +23.9% from 2012 to 2021. At the same time, Vietnam (+14.8%), Belgium (+12.2%), France (+10.1%), Poland (+9.8%), Spain (+5.3%), Canada (+4.1%), Germany (+3.1%), the United States (+2.6%) and the UK (+2.4%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.5%) and the Czech Republic (-5.2%) illustrated a downward trend over the same period. Mexico (+33 p.p.) significantly strengthened its position in terms of the global imports, while Spain, Germany, Canada, the Czech Republic, the UK, the Netherlands, the United States and Hong Kong SAR saw its share reduced by -1.6%, -1.6%, -1.8%, -2%, -2.1%, -2.3%, -2.7% and -4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest paper label importing markets into Puerto Rico were the United States ($X), Vietnam ($X) and Germany ($X), with a combined 18% share of total imports.

Vietnam, with a CAGR of +10.7%, saw 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 ton, remaining constant against 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 Vietnam ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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