Report Update Apr 1, 2024

Puerto Rico - Seats - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Seat Market 2024

Seat Market Size in Puerto Rico

The Puerto Rican seat market shrank to $X in 2021, reducing by -7.3% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Seat Production in Puerto Rico

In value terms, seat production dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 63%. Puerto Rico production peaked at $X in 2020, and then shrank in the following year.

Seat Exports

Exports from Puerto Rico

In 2021, the amount of seats exported from Puerto Rico was estimated at less than X kg, almost unchanged from 2020. In general, exports showed a relatively flat trend pattern.

In value terms, seat exports stood at less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China dominates exports structure, reaching X tons, which was near 64% of total exports in 2021. Vietnam (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Germany (X tons) and Turkey (X tons) 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, Vietnam (+14.7%), the Netherlands (+10.7%), Poland (+10.5%), Germany (+6.0%), Turkey (+4.1%) and Italy (+2.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.7% from 2012-2021. While the share of China (+2.8 p.p.) and Vietnam (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seat supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was held by Vietnam ($X), with a 9.2% share of global exports. It was followed by Poland, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +6.2%. In the other countries, the average annual rates were as follows: Vietnam (+23.1% per year) and Poland (+8.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. In general, the export price continues to indicate 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 Vietnam ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.3%), while the other leaders experienced more modest paces of growth.

Seat Imports

Imports into Puerto Rico

In 2021, seat imports into Puerto Rico amounted to less than X kg, leveling off at the year before. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, seat imports totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons) represented the key importer of seats, achieving 31% of total imports. It was distantly followed by Germany (X tons), the Netherlands (X tons) and France (X tons), together constituting an 18% share of total imports. The following importers - the UK (X tons), Japan (X tons), Canada (X tons), Italy (X tons), Poland (X tons), South Korea (X tons), Australia (X tons), Spain (X tons) and Belgium (X tons) - together made up 22% of total imports.

Imports into the United States increased at an average annual rate of +7.4% from 2012 to 2021. At the same time, Poland (+18.4%), the Netherlands (+11.8%), Italy (+10.2%), South Korea (+7.8%), the UK (+7.0%), Spain (+6.3%), Germany (+6.2%), France (+3.7%), Belgium (+3.1%), Australia (+2.8%), Canada (+2.7%) and Japan (+2.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +18.4% from 2012-2021. While the share of the United States (+4 p.p.) and the Netherlands (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported seats into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by Germany ($X), with a 9% share of global imports. It was followed by France, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and France (+2.7% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seats in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Germany, together accounting for 37% of global consumption. Pakistan, France, Nigeria, Indonesia, Bangladesh, India, the UK, Spain, Canada and Turkey lagged somewhat behind, together comprising a further 33%.

What are the largest producers of seats in the world?

China constituted the country with the largest volume of seat production, comprising approx. 47% of total volume. Moreover, seat production in China exceeded the figures recorded by the second-largest producer, Pakistan, tenfold. The third position in this ranking was taken by Nigeria, with a 4.1% share.

What are the leading suppliers of seats to Puerto Rico?

In value terms, the United States constitutes the largest market for imported seats into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by Germany, with a 9% share of global imports. It was followed by France, with a 5.4% share.

What are the leading importers of seats from Puerto Rico?

In value terms, China remains the largest seat supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was taken by Vietnam, with a 9.2% share of global exports. It was followed by Poland, with a 7.4% share.

What is the average export price for seats in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for seats in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately mirroring the previous year.

This report provides an in-depth analysis of the seat 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 29321000 - Seats for motor vehicles
Prodcom 30305010 - Seats for aircraft, parts thereof
Prodcom 31001155 -
Prodcom 31001159 -
Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
Prodcom 31001300 - Other seats, of HS

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