Report Update Apr 1, 2024

Puerto Rico - Road Wheels - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Road Wheel Market 2024

Road Wheel Market Size in Puerto Rico

In 2021, the Puerto Rican road wheel market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. 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.

Road Wheel Production in Puerto Rico

In value terms, road wheel production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 78%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Road Wheel Exports

Exports by Country

China represented the major exporting country with an export of about X tons, which finished at 41% of total exports. It was distantly followed by Germany (X tons) and Turkey (X tons), together creating a 17% share of total exports. Mexico (X tons), Poland (X tons), Thailand (X tons), Italy (X tons), the Czech Republic (X tons), France (X tons), Japan (X tons), South Korea (X tons), Hungary (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to road wheel exports from China stood at +3.0%. At the same time, Thailand (+12.7%), Hungary (+8.7%), Turkey (+6.0%), Poland (+4.4%), Mexico (+4.0%) and Austria (+3.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.7% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.5%), Italy (-1.5%), South Korea (-3.7%), Japan (-3.9%) and France (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Turkey and Thailand increased by +6.2, +2.3 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest road wheel supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was held by Germany ($X), with a 13% share of global exports. It was followed by Mexico, with a 6.9% share.

In China, road wheel exports expanded at an average annual rate of +3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.5% per year) and Mexico (+7.9% per year).

Road Wheel Imports

Imports by Country

In 2021, the United States (X tons), Germany (X tons), Japan (X tons) and Russia (X tons) was the key importer of road wheels in the world, making up 43% of total import. Mexico (X tons), Canada (X tons), Thailand (X tons), France (X tons), Italy (X tons), the Netherlands (X tons), Belgium (X tons), Spain (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +6.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported road wheels into Puerto Rico, comprising 23% of global imports. The second position in the ranking was held by Germany ($X), with an 11% share of global imports. It was followed by Japan, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +3.4%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.1% per year) and Japan (+0.9% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for road wheels in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 46% of global consumption.

What are the largest producers of road wheels in the world?

The country with the largest volume of road wheel production was China, accounting for 39% of total volume. Moreover, road wheel production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of road wheels to Puerto Rico?

In value terms, the United States constitutes the largest market for imported road wheels into Puerto Rico, comprising 23% of global imports. The second position in the ranking was held by Germany, with an 11% share of global imports. It was followed by Japan, with a 7.1% share.

What are the leading importers of road wheels from Puerto Rico?

In value terms, China remains the largest road wheel supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was taken by Germany, with a 13% share of global exports. It was followed by Mexico, with a 6.9% share.

This report provides an in-depth analysis of the road wheel 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 29323040 - Road wheels and parts and accessories thereof

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