Puerto Rico: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Puerto Rico

After two years of growth, the Puerto Rican machine-tool for removing material market decreased by -18% to $X in 2021. Over the period under review, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Puerto Rico

In value terms, machine-tool for removing material production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 64%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Puerto Rico

Machine-tool for removing material exports from Puerto Rico totaled less than X units in 2021, approximately mirroring 2020 figures. Overall, exports recorded a relatively flat trend pattern.

In value terms, machine-tool for removing material exports totaled less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 59% of total exports in 2021. The UK (X units) ranks second in terms of the total exports with an 8.2% share, followed by Singapore (7.7%). The Netherlands (X units), Taiwan (Chinese) (X units), the United States (X units), Spain (X units), Japan (X units), Italy (X units), Mexico (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for removing material exports from China stood at +17.9%. At the same time, Spain (+29.0%), the Netherlands (+17.7%), Japan (+12.7%), Singapore (+7.7%), the United States (+5.1%), the UK (+1.8%) and Taiwan (Chinese) (+1.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.0% from 2012-2021. By contrast, France (-6.9%), Mexico (-9.8%) and Italy (-14.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Spain and the Netherlands increased by +28, +2.1 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 42% of total exports. Italy, Singapore, the Netherlands, Taiwan (Chinese), Spain, France, the UK and Mexico lagged somewhat behind, together comprising a further 16%.

The Netherlands, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 thousand units in 2021, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per thousand units), while the UK ($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 Mexico (+21.8%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Puerto Rico

Machine-tool for removing material imports into Puerto Rico was estimated at less than X units in 2021, approximately equating the year before. In general, imports recorded a relatively flat trend pattern.

In value terms, machine-tool for removing material imports totaled less than $X in 2021. Overall, imports showed a relatively flat trend pattern.

Imports by Country

The countries with the highest levels of machine-tool for removing material imports in 2021 were Greece (X units), the United States (X units), India (X units), the UK (X units), the Netherlands (X units), Canada (X units), Australia (X units), Italy (X units), France (X units), Russia (X units), Poland (X units) and South Africa (X units), together accounting for 71% of total import. Spain (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported machine-tools for working any material by removal of material into Puerto Rico, comprising 11% of global imports. The second position in the ranking was taken by Italy ($X), with a 3.2% share of global imports. It was followed by India, with a 2.8% share.

In the United States, machine-tool for removing material imports increased at an average annual rate of +4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+10.5% per year) and India (+13.5% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per thousand units), while Greece ($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 Greece (+19.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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