Puerto Rico: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Puerto Rico

In 2021, the Puerto Rican liquid supply meter market decreased by -6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Liquid Supply Meter Production in Puerto Rico

In value terms, liquid supply meter production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +34.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 34%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

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Liquid Supply Meter Exports

Exports from Puerto Rico

In 2021, approx. less than X units of liquid supply or production meters were exported from Puerto Rico; stabilizing at 2020 figures. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, liquid supply meter exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X units) was the largest exporter of liquid supply or production meters, constituting 46% of total exports. It was distantly followed by Italy (X units), France (X units), Germany (X units) and Poland (X units), together comprising a 27% share of total exports. Mexico (X units), Brazil (X units), Turkey (X units), Slovakia (X units), Russia (X units) and Malaysia (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Turkey (+18.9%), France (+9.7%), Russia (+8.7%), Poland (+5.7%), Brazil (+5.7%), Italy (+4.1%), Malaysia (+4.0%) and Mexico (+3.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.9% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Slovakia (-8.3%) illustrated a downward trend over the same period. While the share of France (+2.8 p.p.), China (+2.5 p.p.) and Turkey (+2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-2.9 p.p.) and Slovakia (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Mexico ($X) were the countries with the highest levels of exports in 2021, together comprising 44% of total exports. These countries were followed by Italy, France, Slovakia, Poland, Brazil, Turkey, Russia and Malaysia, which together accounted for a further 34%.

In terms of the main exporting countries, Turkey, with a CAGR of +7.7%, recorded 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

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately reflecting the previous year. Over the period under review, 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 Mexico ($X per thousand units), while Malaysia ($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 Slovakia (+10.4%), while the other leaders experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Puerto Rico

Liquid supply meter imports into Puerto Rico totaled less than X units in 2021, almost unchanged from 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, liquid supply meter imports amounted to less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

The purchases of the twelve major importers of liquid supply or production meters, namely Russia, Paraguay, France, Germany, the United States, Poland, Mexico, Vietnam, Spain, China, the UK and the Czech Republic, represented more than half of total import. Austria (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by France (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 31% share of total imports. Russia, Spain, Poland, the UK, Austria, the Czech Republic, Vietnam, China, Mexico and Paraguay lagged somewhat behind, together accounting for a further 21%.

Paraguay, with a CAGR of +13.4%, recorded 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, approximately equating the previous year. Overall, 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 the United States ($X per thousand units), while Paraguay ($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 Paraguay (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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