Puerto Rico: Mercury Market 2024

Mercury Market Size in Puerto Rico

The Puerto Rican mercury market stood at less than $X in 2021, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern.

Mercury Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of mercuries were exported from Puerto Rico; remaining relatively unchanged against 2020 figures. In general, exports recorded a relatively flat trend pattern.

In value terms, mercury exports stood at less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

Nigeria (X tons) and Spain (X tons) represented roughly 57% of total exports in 2021. Tajikistan (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (9.4%) and Mexico (0%). Russia (X tons), the Czech Republic (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Switzerland (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, mercury exports from expanded with a Nigeria of +878.4%, while Spain (-65.4%) experienced a sharp setback unchanged over the same period. At the same time, the Czech Republic (+89.1%), Indonesia (+56.3%), Tajikistan (+25.6%), Vietnam (+15.6%), the United Arab Emirates (+4.9%) and Russia (+4.5%) displayed positive paces of growth. By contrast, Mexico (-22.5%), Switzerland (-25.7%) and Germany (-41.7%) illustrated a downward trend over the same period. Nigeria (+57 p.p.), Tajikistan (+14 p.p.), Indonesia (+9.2 p.p.) and the Czech Republic (+3.1 p.p.) significantly strengthened its position in terms of the global exports, while Germany, Switzerland, Mexico and Spain saw its share reduced by -4.5%, -6.5%, -11.7% and -41.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) remains the largest mercury supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was held by Nigeria ($X), with a 13% share of global exports. It was followed by Vietnam, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Tajikistan totaled +25.3%. In the other countries, the average annual rates were as follows: Nigeria (+4,266.9% per year) and Vietnam (+23.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. In general, the export price continues to indicate 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 ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+346.6%), while the other leaders experienced more modest paces of growth.

Mercury Imports

Imports into Puerto Rico

Mercury imports into Puerto Rico stood at less than X kg in 2021, approximately equating the year before. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, mercury imports amounted to less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

The United Arab Emirates (X tons), the United States (X tons), Hong Kong SAR (X tons) and the Netherlands (X tons) represented roughly 26% of total imports in 2021. It was distantly followed by India (X tons), Tajikistan (X tons), Colombia (X tons), South Africa (X tons), Togo (X tons), Bolivia (X tons), Vietnam (X tons), Singapore (X tons) and Sudan (X tons), together achieving a 60% share of total imports.

From 2012 to 2021, the United Arab Emirates (+43.4%) constituted the fastest-growing mercury suppliers amongst the major mercury importers. At the same time, imports of mercury into the Netherlands (-41.0%), Hong Kong SAR (-41.3%) and the United States (-45.5%) experienced a contraction from 2012 to 2021. At the same time, Tajikistan (+88.7%), Vietnam (+36.1%), Bolivia (+20.8%), Togo (+14.2%), South Africa (+12.0%) and Colombia (+1.0%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the world, with a CAGR of +88.7% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Sudan (-16.2%) and Singapore (-38.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Tajikistan, South Africa, Bolivia, Togo, Vietnam, India and Colombia increased by +25, +9.9, +6.8, +6.6, +6.1, +4.7, +3.9 and +3.7 percentage points, respectively.

In value terms, the largest mercury importing markets into Puerto Rico were the United Arab Emirates ($X), Colombia ($X) and India ($X), with a combined 51% share of total imports. These countries were followed by Bolivia, Tajikistan, South Africa, Vietnam, Togo, Sudan, the Netherlands, Hong Kong SAR, Singapore and the United States, which together accounted for a further 32%.

In terms of the main importing countries, Tajikistan, with a CAGR of +80.1%, 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, 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 Colombia ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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