Puerto Rico: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Puerto Rico

The Puerto Rican organo-inorganic compounds market declined remarkably to $X in 2021, dropping by -27.2% against the previous year. In general, consumption showed a pronounced shrinkage. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Organo-Inorganic Compounds Production in Puerto Rico

In value terms, organo-inorganic compounds production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 121% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Organo-Inorganic Compounds Exports

Exports from Puerto Rico

Organo-inorganic compounds exports from Puerto Rico was estimated at less than X kg in 2021, stabilizing at 2020. Overall, exports recorded a relatively flat trend pattern.

In value terms, organo-inorganic compounds exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

China represented the key exporter of organo-inorganic compounds (excluding organo-sulphur compounds) in the world, with the volume of exports accounting for X tons, which was near 47% of total exports in 2021. The United States (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Germany (7.7%). Thailand (X tons), the UK (X tons), India (X tons), Belgium (X tons), the Netherlands (X tons), Japan (X tons) and Italy (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Thailand (+29.9%), Japan (+9.8%), India (+8.1%), the Netherlands (+4.5%), Italy (+4.1%) and Germany (+1.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.9% from 2012-2021. Belgium and the United States experienced a relatively flat trend pattern. By contrast, the UK (-2.7%) illustrated a downward trend over the same period. While the share of China (+7.7 p.p.) and Thailand (+3.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-1.6 p.p.), Germany (-1.6 p.p.), the UK (-3.4 p.p.) and the United States (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest organo-inorganic compounds supplier from Puerto Rico, comprising 48% of global exports. The second position in the ranking was held by the United States ($X), with a 14% share of global exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +10.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Germany (+2.5% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Puerto Rico

In 2021, imports of organo-inorganic compounds (excluding organo-sulphur compounds) into Puerto Rico amounted to less than X kg, flattening at the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, organo-inorganic compounds imports totaled less than $X in 2021. Overall, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Argentina (X tons), Brazil (X tons) and Belgium (X tons) were the largest importers of organo-inorganic compounds (excluding organo-sulphur compounds), together generating 43% of total imports. Germany (X tons), the Netherlands (X tons), Russia (X tons), India (X tons), South Korea (X tons), Japan (X tons), Indonesia (X tons), France (X tons) and Australia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 32% share of total imports. These countries were followed by South Korea, Japan, Belgium, Germany, the Netherlands, India, Indonesia, Russia, Australia and France, which together accounted for a further 34%.

Among the main importing countries, Russia, with a CAGR of +13.9%, 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, therefore, remained relatively stable against the previous year. In general, the import price showed 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 South Korea ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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