Puerto Rico: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Puerto Rico

The Puerto Rican lathe for removing metal market contracted to $X in 2021, shrinking by -6.2% against the previous year. Overall, consumption, however, saw a perceptible expansion. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Puerto Rico

In value terms, lathe for removing metal production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 72%. Over the period under review, lafor removing metal production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Puerto Rico

In 2021, exports of lathes for removing metal from Puerto Rico stood at less than X units, leveling off at the year before. In general, exports recorded a relatively flat trend pattern.

In value terms, lathe for removing metal exports stood at less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

China represented the key exporting country with an export of about X units, which accounted for 32% of total exports. It was distantly followed by Taiwan (Chinese) (X units), South Korea (X units), Italy (X units) and Belgium (X units), together making up a 33% share of total exports. The following exporters - Japan (X units), the UK (X units), Australia (X units), India (X units), Germany (X units), the United States (X units), the Netherlands (X units) and Austria (X units) - together made up 23% of total exports.

Exports from China increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Belgium (+23.6%), Australia (+22.5%), the Netherlands (+15.8%), South Korea (+11.3%), Italy (+10.6%), Austria (+7.5%) and Germany (+5.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.6% from 2012-2021. By contrast, the United States (-1.6%), Japan (-3.5%), India (-6.5%), Taiwan (Chinese) (-8.5%) and the UK (-11.8%) illustrated a downward trend over the same period. China (+7.8 p.p.), South Korea (+5.4 p.p.), Belgium (+5.2 p.p.), Italy (+4.7 p.p.) and Australia (+2.8 p.p.) significantly strengthened its position in terms of the global exports, while India, the UK and Taiwan (Chinese) saw its share reduced by -2%, -8.2% and -12.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2021, with a combined 45% share of total exports. South Korea, China, Italy, the United States, Belgium, the Netherlands, Austria, the UK, India and Australia lagged somewhat behind, together accounting for a further 39%.

The Netherlands, with a CAGR of +21.2%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, remaining relatively unchanged against the previous year. In general, the export price recorded 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 Germany ($X per thousand units), while Australia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Puerto Rico

In 2021, the amount of lathes for removing metal imported into Puerto Rico was estimated at less than X units, leveling off at 2020 figures. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, lathe for removing metal imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

Canada (X units), the United States (X units), Spain (X units) and Belgium (X units) represented roughly 32% of total imports in 2021. Germany (X units), China (X units), the UK (X units), the Netherlands (X units), Russia (X units), Turkey (X units), Italy (X units), Australia (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal importing markets into Puerto Rico were the United States ($X), China ($X) and Germany ($X), with a combined 30% share of total imports. Italy, Turkey, Russia, Belgium, the Netherlands, India, Canada, the UK, Spain and Australia lagged somewhat behind, together accounting for a further 31%.

Among the main importing countries, the Netherlands, with a CAGR of +12.6%, saw the highest rates of growth with regard to 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, leveling off at the previous year. Overall, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per thousand units), while Spain ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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