
Puerto Rico - Motors of An Output not Exceeding 37.5 W; Other Dc Motors and Dc Generators - Market Analysis, Forecast, Size, Trends and Insights
Puerto Rico: Dc Motor Market 2023
Dc Motor Market Size in Puerto Rico
In 2021, the Puerto Rican DC motor market increased by 7.4% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.
Dc Motor Production in Puerto Rico
In value terms, DC motor production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 148% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.
Dc Motor Imports
Imports by Country
The countries with the highest levels of DC motor imports in 2021 were the United States (X tons), Germany (X tons), Thailand (X tons), Japan (X tons), the Czech Republic (X tons), China (X tons), the Netherlands (X tons), Italy (X tons), South Korea (X tons), Vietnam (X tons), Mexico (X tons) and Poland (X tons), together reaching 57% of total import. Turkey (X tons) followed a long way behind the leaders.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 34% share of total imports. These countries were followed by Mexico, Japan, South Korea, the Czech Republic, Thailand, Poland, the Netherlands, Italy, Vietnam and Turkey, which together accounted for a further 28%.
Among the main importing countries, Vietnam, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
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This report provides an in-depth analysis of the dc motor 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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