Puerto Rico: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Puerto Rico

After two years of decline, the Puerto Rican scouring pastes and powders market increased by 4.6% to $X in 2021. Over the period under review, consumption, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when the market value increased by 5.1%. Puerto Rico consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Scouring Pastes And Powders in Puerto Rico

In value terms, scouring pastes and powders production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a pronounced reduction. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Scouring Pastes And Powders

Exports from Puerto Rico

In 2021, approx. less than X kg of scouring pastes and powders were exported from Puerto Rico; approximately mirroring the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, scouring pastes and powders exports stood at less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Japan (X tons), distantly followed by Hungary (X tons), Guatemala (X tons), Poland (X tons) and South Korea (X tons) represented the main exporters of scouring pastes and powders, together committing 71% of total exports. The following exporters - Russia (X tons), Belgium (X tons), Costa Rica (X tons), Italy (X tons), Argentina (X tons), Germany (X tons), Mexico (X tons) and the Netherlands (X tons) - together made up 17% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest scouring pastes and powders supplier from Puerto Rico, comprising 66% of global exports. The second position in the ranking was held by South Korea ($X), with a 9.5% share of global exports. It was followed by Hungary, with a 4.8% share.

In Japan, scouring pastes and powders exports expanded at an average annual rate of +7.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+19.9% per year) and Hungary (+0.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.8%), while the other leaders experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Puerto Rico

In 2021, scouring pastes and powders imports into Puerto Rico amounted to less than X kg, approximately reflecting 2020. In general, imports saw a relatively flat trend pattern.

In value terms, scouring pastes and powders imports stood at less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, South Korea (X tons) was the major importer of scouring pastes and powders, committing 25% of total imports. Germany (X tons) ranks second in terms of the total imports with a 5.8% share, followed by France (5.1%), Japan (4.9%) and the UK (4.9%). Poland (X tons), Panama (X tons), El Salvador (X tons), Romania (X tons), Canada (X tons), Kazakhstan (X tons), Costa Rica (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to scouring pastes and powders imports into South Korea stood at -1.9%. At the same time, Panama (+153.4%), Costa Rica (+17.7%), Japan (+2.6%), the UK (+2.5%) and Kazakhstan (+1.5%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in the world, with a CAGR of +153.4% from 2012-2021. Canada and Germany experienced a relatively flat trend pattern. By contrast, El Salvador (-2.4%), Romania (-2.9%), the Netherlands (-3.6%), France (-5.1%) and Poland (-11.2%) illustrated a downward trend over the same period. While the share of Panama (+2.9 p.p.), South Korea (+2.3 p.p.), Japan (+1.9 p.p.), the UK (+1.9 p.p.) and Costa Rica (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Poland (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported scouring pastes and powders into Puerto Rico, comprising 38% of global imports. The second position in the ranking was held by Japan ($X), with a 9.1% share of global imports. It was followed by Germany, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value in South Korea totaled -3.6%. In the other countries, the average annual rates were as follows: Japan (-3.4% per year) and Germany (+1.8% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, standing approx. at 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 Japan ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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