Puerto Rico: Safety Headgear Market 2024

Safety Headgear Market Size in Puerto Rico

In 2021, the Puerto Rican safety headgear market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a temperate expansion. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Safety Headgear Production in Puerto Rico

In value terms, safety headgear production soared to $X in 2021 estimated in export price. In general, production posted a measured increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 84%. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Safety Headgear Exports

Exports from Puerto Rico

In 2021, approx. less than X units of safety headgear were exported from Puerto Rico; remaining relatively unchanged against 2020 figures. In general, exports recorded a relatively flat trend pattern.

In value terms, safety headgear exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 60% of total exports in 2021. The United States (X units), Germany (X units), France (X units), Taiwan (Chinese) (X units), India (X units), Italy (X units), the Netherlands (X units), Poland (X units), Spain (X units) and the UK (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.9% from 2012 to 2021. At the same time, the Netherlands (+17.6%), Spain (+14.0%), India (+10.3%), Poland (+9.8%), Italy (+9.2%), France (+8.3%), Germany (+7.9%) and Taiwan (Chinese) (+2.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.6% from 2012-2021. By contrast, the United States (-4.2%) and the UK (-5.4%) illustrated a downward trend over the same period. China (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while the UK and the United States saw its share reduced by -1.9% and -5.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest safety headgear supplier from Puerto Rico, comprising 41% of global exports. The second position in the ranking was taken by Germany ($X), with a 7.2% share of global exports. It was followed by Italy, with a 6.5% share.

In China, safety headgear exports increased at an average annual rate of +10.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+7.7% per year) and Italy (+6.5% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per thousand units), while India ($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 Poland (+14.1%), while the other leaders experienced more modest paces of growth.

Safety Headgear Imports

Imports into Puerto Rico

In 2021, safety headgear imports into Puerto Rico stood at less than X units, standing approx. at the year before. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, safety headgear imports amounted to less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by the UK (X units), Germany (X units), the Philippines (X units), France (X units) and Mexico (X units) represented the largest importers of safety headgear, together mixing up 46% of total imports. Spain (X units), Italy (X units), the Netherlands (X units), Canada (X units), Russia (X units), Poland (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to safety headgear imports into the United States stood at +5.2%. At the same time, the Philippines (+21.0%), Mexico (+17.7%), the Netherlands (+16.3%), Spain (+14.2%), Italy (+9.8%), Russia (+8.2%), Belgium (+6.1%), Germany (+6.0%), France (+5.4%) and Canada (+1.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +21.0% from 2012-2021. Poland experienced a relatively flat trend pattern. By contrast, the UK (-7.3%) illustrated a downward trend over the same period. While the share of the Philippines (+4 p.p.), Mexico (+3 p.p.), the Netherlands (+1.8 p.p.) and Spain (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the UK (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2021, together accounting for 34% of total imports. The Netherlands, the UK, Spain, Italy, Canada, Poland, Belgium, Mexico, the Philippines and Russia lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, the Philippines, with a CAGR of +21.5%, 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, remaining constant against the previous year. Overall, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per thousand units), while the Philippines ($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 Poland (+19.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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