Report Update Apr 1, 2024

Puerto Rico - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Puerto Rico

The Puerto Rican remote control apparatus market rose markedly to $X in 2021, surging by 10% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Puerto Rico consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Remote Control Apparatus Production in Puerto Rico

In value terms, remote control apparatus production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 50%. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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Remote Control Apparatus Exports

Exports by Country

In 2021, China (X tons) was the major exporter of radio remote control apparatus, constituting 46% of total exports. The Netherlands (X tons) held the second position in the ranking, followed by Germany (X tons) and Mexico (X tons). All these countries together held near 16% share of total exports. The United States (X tons), Thailand (X tons), Austria (X tons), Taiwan (Chinese) (X tons), Italy (X tons), Hong Kong SAR (X tons), South Korea (X tons), Tunisia (X tons) and France (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +21.3% from 2012 to 2021. At the same time, the Netherlands (+28.4%), Thailand (+23.5%), Austria (+14.2%) and Taiwan (Chinese) (+6.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.4% from 2012-2021. Germany, Italy and Mexico experienced a relatively flat trend pattern. By contrast, the United States (-2.1%), Tunisia (-2.6%), France (-6.3%), Hong Kong SAR (-6.5%) and South Korea (-8.0%) illustrated a downward trend over the same period. China (+31 p.p.), the Netherlands (+4.3 p.p.) and Thailand (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while Italy, Tunisia, France, Germany, South Korea, Hong Kong SAR, Mexico and the United States saw its share reduced by -1.9%, -2.3%, -3.8%, -4.1%, -5%, -5.1%, -5.1% and -5.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest remote control apparatus supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was held by Germany ($X), with a 12% share of global exports. It was followed by Mexico, with an 8.9% share.

In China, remote control apparatus exports expanded at an average annual rate of +16.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+3.9% per year) and Mexico (+4.4% per year).

Remote Control Apparatus Imports

Imports by Country

The United States was the key importer of radio remote control apparatus in the world, with the volume of imports amounting to X tons, which was approx. 34% of total imports in 2021. Brazil (X tons) took the second position in the ranking, followed by Germany (X tons), the Netherlands (X tons) and France (X tons). All these countries together held approx. 22% share of total imports. The UK (X tons), Spain (X tons), Austria (X tons), Turkey (X tons), Mexico (X tons), Canada (X tons), Belgium (X tons) and Poland (X tons) held a little share of total imports.

Imports into the United States increased at an average annual rate of +16.7% from 2012 to 2021. At the same time, the Netherlands (+28.3%), Poland (+17.2%), Belgium (+14.9%), Spain (+13.6%), Austria (+11.7%), Brazil (+8.6%), the UK (+4.6%), France (+3.1%), Germany (+2.5%), Mexico (+2.4%) and Canada (+1.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +28.3% from 2012-2021. By contrast, Turkey (-1.1%) illustrated a downward trend over the same period. The United States (+18 p.p.) and the Netherlands (+4.1 p.p.) significantly strengthened its position in terms of the global imports, while France, Germany and Turkey saw its share reduced by -1.9%, -2.6% and -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported radio remote control apparatus into Puerto Rico, comprising 33% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.6% share of global imports. It was followed by the UK, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +10.3%. In the other countries, the average annual rates were as follows: Germany (+4.8% per year) and the UK (+9.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for radio remote control apparatus in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 48% of global consumption.

What are the largest producers of radio remote control apparatus in the world?

The country with the largest volume of remote control apparatus production was China, comprising approx. 51% of total volume. Moreover, remote control apparatus production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was taken by Mexico, with a 3.8% share.

What are the leading suppliers of radio remote control apparatus to Puerto Rico?

In value terms, the United States constitutes the largest market for imported radio remote control apparatus into Puerto Rico, comprising 33% of global imports. The second position in the ranking was taken by Germany, with a 7.6% share of global imports. It was followed by the UK, with a 4.5% share.

What are the leading importers of radio remote control apparatus from Puerto Rico?

In value terms, China remains the largest remote control apparatus supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was taken by Germany, with a 12% share of global exports. It was followed by Mexico, with an 8.9% share.

This report provides an in-depth analysis of the remote control apparatus market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023