Puerto Rico: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Puerto Rico

The Puerto Rican market for parts of harvester and threshers was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, recorded a deep reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Harvester And Threshers in Puerto Rico

In value terms, parts of harvester and threshers production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. Puerto Rico production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Puerto Rico

In 2021, approx. less than X units of parts of harvester and threshers were exported from Puerto Rico; stabilizing at the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, parts of harvester and threshers exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, China (X units), distantly followed by Germany (X units), the United States (X units), Italy (X units), Poland (X units) and the Czech Republic (X units) represented the largest exporters of parts of harvester and threshers, together creating 61% of total exports. The following exporters - Hungary (X units), Canada (X units), Belgium (X units), Mexico (X units), Turkey (X units), Brazil (X units) and the Netherlands (X units) - together made up 22% of total exports.

Exports from China increased at an average annual rate of +12.2% from 2012 to 2021. At the same time, Mexico (+16.3%), Brazil (+11.0%), Turkey (+8.8%), Italy (+3.1%), Poland (+3.1%), Belgium (+3.1%), the Netherlands (+2.4%), Germany (+1.9%) and the Czech Republic (+1.6%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.3% from 2012-2021. Hungary experienced a relatively flat trend pattern. By contrast, Canada (-1.5%) and the United States (-5.9%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) and Mexico (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.7 p.p.), Hungary (-2.1 p.p.), Canada (-2.4 p.p.) and the United States (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest parts of harvester and threshers supplying countries from Puerto Rico were Germany ($X), the United States ($X) and China ($X), with a combined 41% share of total exports.

China, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 thousand units, remaining constant against the previous year. Over the period under review, the export price recorded 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 Netherlands ($X per thousand units), while Turkey ($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 United States (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Puerto Rico

Parts of harvester and threshers imports into Puerto Rico stood at less than X units in 2021, remaining stable against 2020 figures. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, parts of harvester and threshers imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

The purchases of the three major importers of parts of harvester and threshers, namely the United States, Germany and France, represented more than third of total import. It was distantly followed by Belgium (X units), comprising a 5.1% share of total imports. Poland (X units), Austria (X units), Canada (X units), Mexico (X units), Russia (X units), Brazil (X units), Italy (X units), the Netherlands (X units) and the UK (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers importing markets into Puerto Rico were the United States ($X), France ($X) and Belgium ($X), with a combined 37% share of total imports.

In terms of the main importing countries, Belgium, with a CAGR of +16.8%, 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per thousand units), while Mexico ($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 Belgium (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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