Puerto Rico: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Puerto Rico

The Puerto Rican non-electronic hydro- and hygrometers market contracted to $X in 2021, waning by -6.8% against the previous year. In general, consumption showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Puerto Rico

In value terms, non-electronic hydro- and hygrometers production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

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Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Puerto Rico

Non-electronic hydro- and hygrometers exports from Puerto Rico totaled less than X units in 2021, remaining relatively unchanged against the previous year. Overall, exports showed a relatively flat trend pattern.

In value terms, non-electronic hydro- and hygrometers exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, China (X units), followed by Thailand (X units), Poland (X units), the Netherlands (X units), Germany (X units) and Italy (X units) were the key exporters of non-electronic hydro-, hygro-, psychrometers, together making up 59% of total exports. The United States (X units), Hong Kong SAR (X units), Tunisia (X units), Spain (X units), France (X units), the Czech Republic (X units) and the UK (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +87.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, with a combined 37% share of total exports. These countries were followed by the Netherlands, Hong Kong SAR, Poland, France, the UK, Italy, the Czech Republic, Spain and Tunisia, which together accounted for a further 30%.

In terms of the main exporting countries, Poland, with a CAGR of +49.5%, recorded the highest rates of growth with regard to the value of exports, 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 thousand units, approximately mirroring the previous year. Overall, the export price showed 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 the United States ($X per thousand units), while Tunisia ($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 the Netherlands (+10.3%), while the other leaders experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Puerto Rico

In 2021, approx. less than X units of non-electronic hydro-, hygro-, psychrometers were imported into Puerto Rico; approximately equating 2020 figures. Overall, imports saw a relatively flat trend pattern.

In value terms, non-electronic hydro- and hygrometers imports totaled less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

Thailand dominates imports structure, finishing at X units, which was approx. 54% of total imports in 2021. The United States (X units) ranks second in terms of the total imports with a 7.4% share, followed by Germany (4.7%). The Netherlands (X units), France (X units), the UK (X units), Spain (X units), Italy (X units), China (X units), Canada (X units), Japan (X units), Indonesia (X units) and Russia (X units) held a little share of total imports.

Thailand was also the fastest-growing in terms of the non-electronic hydro-, hygro-, psychrometers imports, with a CAGR of +68.5% from 2012 to 2021. At the same time, Italy (+16.3%), the United States (+12.7%), the UK (+8.6%), Spain (+8.5%), France (+4.9%), Japan (+2.4%), the Netherlands (+2.3%) and Germany (+1.2%) displayed positive paces of growth. Canada, China and Russia experienced a relatively flat trend pattern. By contrast, Indonesia (-1.9%) illustrated a downward trend over the same period. While the share of Thailand (+53 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Russia (-2.2 p.p.), Japan (-2.4 p.p.), Indonesia (-2.4 p.p.), Canada (-2.7 p.p.), France (-2.8 p.p.), China (-3.3 p.p.), the Netherlands (-4.4 p.p.) and Germany (-9.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electronic hydro- and hygrometers importing markets into Puerto Rico were the United States ($X), China ($X) and Germany ($X), with a combined 38% share of total imports. These countries were followed by the Netherlands, France, Japan, Italy, Canada, the UK, Spain, Russia and Indonesia, which together accounted for a further 23%.

Among the main importing countries, Italy, with a CAGR of +12.6%, recorded the highest rates of growth with regard to 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 thousand units, almost unchanged from the previous year. In general, the import price saw 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 China ($X per thousand units), while Indonesia ($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 China (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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