Puerto Rico: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in Puerto Rico

The Puerto Rican metal non-electric bell market was finally on the rise to reach $X in 2021, after six years of decline. Over the period under review, consumption, however, continues to indicate a noticeable downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Non-Electric Bell Production in Puerto Rico

In value terms, metal non-electric bell production expanded markedly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of 48%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Metal Non-Electric Bell Exports

Exports from Puerto Rico

Metal non-electric bell exports from Puerto Rico was estimated at less than X kg in 2021, leveling off at the year before. In general, exports showed a relatively flat trend pattern.

In value terms, metal non-electric bell exports stood at less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 69% of total exports in 2021. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by the Netherlands (X tons) and India (X tons). All these countries together held near 18% share of total exports. The following exporters - Germany (X tons) and the United States (X tons) - each finished at a 3.9% share of total exports.

Exports from China increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+17.9%), the Netherlands (+14.6%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.9% from 2012-2021. By contrast, the United States (-5.3%) and India (-6.3%) illustrated a downward trend over the same period. While the share of China (+12 p.p.), Taiwan (Chinese) (+5 p.p.) and the Netherlands (+3.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of India (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal non-electric bell supplier from Puerto Rico, comprising 53% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.7% share of global exports. It was followed by the Netherlands, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +8.3%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+20.3% per year) and the Netherlands (+12.6% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Over the period under review, 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 ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.5%), while the other leaders experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of non-electric bells and gongs of base metal were imported into Puerto Rico; approximately mirroring the year before. Overall, imports showed a relatively flat trend pattern.

In value terms, metal non-electric bell imports amounted to less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons) was the largest importer of non-electric bells and gongs of base metal, generating 47% of total imports. It was distantly followed by Germany (X tons), mixing up a 6.1% share of total imports. The following importers - the Netherlands (X tons), Indonesia (X tons), the UK (X tons), Japan (X tons), Canada (X tons), France (X tons), Bangladesh (X tons) and Belgium (X tons) - together made up 18% of total imports.

Imports into the United States increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Indonesia (+13.3%), Belgium (+8.9%), the Netherlands (+3.3%), Germany (+3.0%) and France (+3.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +13.3% from 2012-2021. Canada experienced a relatively flat trend pattern. By contrast, Japan (-1.2%), the UK (-1.5%) and Bangladesh (-6.5%) illustrated a downward trend over the same period. The United States (+6.4 p.p.) and Indonesia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Bangladesh saw its share reduced by -1.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported non-electric bells and gongs of base metal into Puerto Rico, comprising 40% of global imports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of global imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.0%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.9% per year) and the Netherlands (+11.6% per year).

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 recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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