Puerto Rico: Snow Motor Vehicle Market 2022

Snow Motor Vehicle Market Size in Puerto Rico

The Puerto Rican snow motor vehicle market totaled less than $X in 2020, almost unchanged from 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). Over the period under review, consumption recorded a relatively flat trend pattern.

Snow Motor Vehicle Exports

Exports by Country

China was the key exporting country with an export of about X units, which accounted for X% of total exports. The United States (X units) ranks second in terms of the total exports with a X% share, followed by Mexico (X%). Canada (X units), the Netherlands (X units), Finland (X units) and Germany (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -X% from 2012 to 2021. At the same time, the Netherlands (+X%), Germany (+X%), Mexico (+X%), Finland (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, the United States (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico and the Netherlands increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), the United States ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports. Canada, Finland, Germany and the Netherlands lagged somewhat behind, together accounting for a further X Netherlands, with a CAGR of +X%, 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, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

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

Snow Motor Vehicle Imports

Imports by Country

In 2021, the United States (X units) was the largest importer of motor vehicles for travelling on snow or golf cars, committing X% of total imports. The Netherlands (X units) occupied the second position in the ranking, followed by the UK (X units) and Canada (X units). All these countries together occupied near X% share of total imports. The following importers - Germany (X units), Chile (X units), Belgium (X units), Sweden (X units), Spain (X units) and France (X units) - together made up X% of total imports.

The United States was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars imports, with a CAGR of +X% from 2012 to 2021. At the same time, Chile (+X%), the Netherlands (+X%), Spain (+X%), Germany (+X%), the UK (+X%) and Sweden (+X%) displayed positive paces of growth. By contrast, Belgium (-X%), France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the United States (+X p.p.), the Netherlands (+X p.p.), the UK (+X p.p.), Germany (+X p.p.) and Chile (+X p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Canada (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported motor vehicles for travelling on snow or golf cars into Puerto Rico, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with an X% share of global imports. It was followed by Sweden, with a X% share.

In the United States, snow motor vehicle imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Canada (-X% per year) and Sweden (+X% per year).

Import Prices by Country

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

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per thousand units), while the Netherlands ($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 France (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform