Report Update Apr 1, 2024

Puerto Rico - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Puerto Rico

The Puerto Rican motor vehicle engine market was finally on the rise to reach $X in 2021, after three years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 decreased by -32.7% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Motor Vehicle Engine Production in Puerto Rico

In value terms, motor vehicle engine production totaled $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -33.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 66%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

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Motor Vehicle Engine Exports

Exports by Country

In 2021, Japan (X tons), followed by the United States (X tons), Germany (X tons), Hungary (X tons), South Korea (X tons), France (X tons), China (X tons), Mexico (X tons), Austria (X tons) and Poland (X tons) represented the major exporters of motor vehicle engines (spark-ignition), together achieving 77% of total exports. Canada (X tons), the UK (X tons) and Spain (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +10.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle engine supplying countries from Puerto Rico were Germany ($X), the United States ($X) and Hungary ($X), with a combined 36% share of total exports. These countries were followed by Mexico, Japan, Austria, South Korea, Canada, China, France, Poland, the UK and Spain, which together accounted for a further 49%.

Poland, with a CAGR of +13.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports by Country

In 2021, the United States (X tons), distantly followed by Canada (X tons), Germany (X tons), Russia (X tons), Mexico (X tons), Turkey (X tons) and Spain (X tons) were the largest importers of motor vehicle engines (spark-ignition), together achieving 61% of total imports. The following importers - China (X tons), Italy (X tons), the Czech Republic (X tons), Slovakia (X tons), Hungary (X tons) and Brazil (X tons) - together made up 14% of total imports.

From 2012 to 2021, average annual rates of growth with regard to motor vehicle engine imports into the United States stood at -3.9%. At the same time, Italy (+27.8%), Hungary (+13.1%), Turkey (+13.1%), Brazil (+2.9%), Spain (+2.6%) and Slovakia (+1.9%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of +27.8% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. By contrast, Mexico (-2.8%), Russia (-4.7%), Germany (-5.2%), Canada (-7.7%) and China (-9.9%) illustrated a downward trend over the same period. Turkey (+4.5 p.p.), Italy (+2.5 p.p.) and Spain (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Germany, the United States, China and Canada saw its share reduced by -2.1%, -2.9%, -2.9% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) into Puerto Rico, comprising 25% of global imports. The second position in the ranking was held by Canada ($X), with a 9.1% share of global imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Canada (-3.8% per year) and Germany (-5.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Japan, with a combined 41% share of global consumption. India, Mexico, Brazil, Russia, Indonesia, the UK, Turkey, France, Italy and Spain lagged somewhat behind, together comprising a further 34%.

What are the largest producers of motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of production in 2021 were China, Japan and the United States, together accounting for 41% of global production. These countries were followed by India, Mexico, Indonesia, Brazil, France, the UK, Russia, Italy, South Korea and Turkey, which together accounted for a further 33%.

What are the leading suppliers of motor vehicle engines (spark-ignition) to Puerto Rico?

In value terms, the United States constitutes the largest market for imported motor vehicle engines spark-ignition) into Puerto Rico, comprising 25% of global imports. The second position in the ranking was taken by Canada, with a 9.1% share of global imports. It was followed by Germany, with an 8.4% share.

What are the leading importers of motor vehicle engines (spark-ignition) from Puerto Rico?

In value terms, Germany, the United States and Hungary constituted the countries with the highest levels of exports in 2021, together accounting for 36% of total exports. Mexico, Japan, Austria, South Korea, Canada, China, France, Poland, the UK and Spain lagged somewhat behind, together comprising a further 49%.

This report provides an in-depth analysis of the motor vehicle engine market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023