Puerto Rico: Secateurs Market 2024

Secateurs Market Size in Puerto Rico

In 2021, the Puerto Rican secateurs market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Secateurs Production in Puerto Rico

In value terms, secateurs production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Secateurs Exports

Exports from Puerto Rico

Secateurs exports from Puerto Rico totaled less than X kg in 2021, approximately mirroring 2020 figures. In general, exports saw a relatively flat trend pattern.

In value terms, secateurs exports amounted to less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China was the main exporting country with an export of about X tons, which amounted to 52% of total exports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Vietnam (X tons), the Netherlands (X tons) and Germany (X tons). All these countries together took approx. 34% share of total exports. France (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Vietnam (+31.6%), the Netherlands (+13.0%), Taiwan (Chinese) (+5.2%), Germany (+4.7%) and France (+3.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +31.6% from 2012-2021. Vietnam (+8.3 p.p.) and the Netherlands (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while Germany and Taiwan (Chinese) saw its share reduced by -1.9% and -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest secateurs supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was taken by Germany ($X), with a 12% share of global exports. It was followed by Taiwan (Chinese), with a 9.5% share.

In China, secateurs exports increased at an average annual rate of +13.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+7.2% per year) and Taiwan (Chinese) (+8.1% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other leaders experienced more modest paces of growth.

Secateurs Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of secateurs and similar one-handed pruners and shears were imported into Puerto Rico; approximately mirroring 2020 figures. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, secateurs imports stood at less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by the Netherlands (X tons), Germany (X tons), Italy (X tons), France (X tons) and the UK (X tons) were the key importers of secateurs and similar one-handed pruners and shears, together creating 50% of total imports. Russia (X tons), Spain (X tons), Indonesia (X tons), Poland (X tons), Japan (X tons), Thailand (X tons) and Chile (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 Indonesia (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest secateurs importing markets into Puerto Rico were the United States ($X), Germany ($X) and the Netherlands ($X), together accounting for 34% of total imports. These countries were followed by Italy, France, the UK, Spain, Russia, Japan, Poland, Chile, Thailand and Indonesia, which together accounted for a further 35%.

Indonesia, with a CAGR of +31.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ton in 2021, stabilizing at 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, amid the top importers, the country with the highest price was France ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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