Puerto Rico: Nail And Bolt Market 2024

Nail And Bolt Market Size in Puerto Rico

In 2021, the Puerto Rican nail and bolt market increased by 2.5% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a noticeable downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Nail And Bolt Production in Puerto Rico

In value terms, nail and bolt production reached $X in 2021 estimated in export price. In general, production, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Nail And Bolt Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of nails, tacks, staples, screws and bolts were exported from Puerto Rico; leveling off at 2020. In general, exports recorded a relatively flat trend pattern.

In value terms, nail and bolt exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons) represented the key exporter of nails, tacks, staples, screws and bolts, mixing up 37% of total exports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Germany (X tons) and the United States (X tons). All these countries together took approx. 25% share of total exports. The following exporters - Italy (X tons), Vietnam (X tons), India (X tons), Japan (X tons), the Netherlands (X tons), Turkey (X tons), South Korea (X tons), Poland (X tons) and Thailand (X tons) - together made up 21% of total exports.

Exports from China increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, Turkey (+12.7%), Vietnam (+12.6%), Poland (+6.7%), the Netherlands (+6.4%), India (+4.2%), Thailand (+4.1%), Germany (+3.0%), South Korea (+2.9%), the United States (+2.4%), Taiwan (Chinese) (+2.2%) and Italy (+1.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.7% from 2012-2021. Japan experienced a relatively flat trend pattern. Vietnam (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2021, together comprising 47% of total exports. These countries were followed by the United States, Japan, Italy, the Netherlands, South Korea, Vietnam, India, Poland, Turkey and Thailand, which together accounted for a further 30%.

Vietnam, with a CAGR of +14.7%, recorded the highest growth rate of 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

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Overall, the export price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of nails, tacks, staples, screws and bolts were imported into Puerto Rico; stabilizing at 2020. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, nail and bolt imports stood at less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Canada (X tons) and Germany (X tons) were the main importers of nails, tacks, staples, screws and bolts, together constituting 38% of total imports. The following importers - Spain (X tons), Russia (X tons), France (X tons), the UK (X tons), Poland (X tons), the Netherlands (X tons), Italy (X tons), Japan (X tons), China (X tons) and India (X tons) - together made up 26% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the countries with the highest levels of imports in 2021, together accounting for 29% of total imports. These countries were followed by France, Canada, the UK, the Netherlands, Italy, Poland, Russia, Japan, Spain and India, which together accounted for a further 26%.

In terms of the main importing countries, Poland, with a CAGR of +7.7%, 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.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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