Report Update May 1, 2024

Puerto Rico - Ships, Vessels, Ferry-Boats for the Transport of Persons - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Shipping Market 2024

Shipping Market Size in Puerto Rico

The Puerto Rican shipping market was estimated at less than $X in 2021, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern.

Shipping Exports

Exports from Puerto Rico

In 2021, approx. less than X units of ships, vessels, ferry-boats for the transport of persons were exported from Puerto Rico; approximately equating the previous year. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, shipping exports totaled less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

Italy represented the key exporter of ships, vessels, ferry-boats for the transport of persons in the world, with the volume of exports finishing at X units, which was near 46% of total exports in 2021. Norway (X units) held a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Spain (7%) and South Africa (4.7%). India (X units), Kazakhstan (X units), Turkey (X units), China (X units), Bangladesh (X units), Sweden (X units), Nigeria (X units), the Netherlands (X units) and Denmark (X units) took a little share of total exports.

Exports from Italy increased at an average annual rate of +86.6% from 2012 to 2021. At the same time, Spain (+109.9%), Kazakhstan (+78.7%), Norway (+59.9%), Denmark (+52.4%), Turkey (+45.7%), Bangladesh (+42.7%), South Africa (+9.6%) and the Netherlands (+7.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +109.9% from 2012-2021. By contrast, India (-5.3%), Sweden (-11.4%), China (-17.4%) and Nigeria (-24.4%) illustrated a downward trend over the same period. Italy (+46 p.p.), Norway (+7.3 p.p.), Spain (+7 p.p.), South Africa (+3.6 p.p.), Kazakhstan (+3.3 p.p.), Turkey (+2.8 p.p.), Bangladesh (+2.6 p.p.) and Denmark (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while China and Nigeria saw its share reduced by -5.6% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest shipping supplier from Puerto Rico, comprising 27% of global exports. The second position in the ranking was taken by Norway ($X), with an 8.6% share of global exports. It was followed by Turkey, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy amounted to +10.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+47.1% per year) and Turkey (+65.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, remaining relatively unchanged against the previous year. Over the period under review, the export price saw 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 Norway ($X per thousand units), while Kazakhstan ($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 China (+43.6%), while the other leaders experienced more modest paces of growth.

Shipping Imports

Imports into Puerto Rico

In 2021, approx. less than X units of ships, vessels, ferry-boats for the transport of persons were imported into Puerto Rico; approximately reflecting the year before. Overall, imports recorded a relatively flat trend pattern.

In value terms, shipping imports totaled less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

The countries with the highest levels of shipping imports in 2021 were Bermuda (X units), together recording 99% of total import.

Bermuda was also the fastest-growing in terms of the ships, vessels, ferry-boats for the transport of persons imports, with a CAGR of -6.8% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Bermuda ($X) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons into Puerto Rico.

In Bermuda, shipping imports contracted by an average annual rate of -12.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately mirroring the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

As there is only one major supplying country, the average price level is determined by prices for Bermuda.

From 2012 to 2021, the rate of growth in terms of prices for Bermuda amounted to -5.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ships, vessels, ferry-boats for the transport of persons in the world?

The country with the largest volume of shipping consumption was Bermuda, accounting for 99% of total volume.

What are the largest producers of ships, vessels, ferry-boats for the transport of persons in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, with a combined 28% share of global production. Japan, France, Russia, Germany, Nigeria, Singapore, Pakistan, Indonesia, Bangladesh and the UK lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of ships, vessels, ferry-boats for the transport of persons to Puerto Rico?

In value terms, Bermuda constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons into Puerto Rico.

What are the leading importers of ships, vessels, ferry-boats for the transport of persons from Puerto Rico?

In value terms, Italy remains the largest shipping supplier from Puerto Rico, comprising 27% of global exports. The second position in the ranking was taken by Norway, with an 8.6% share of global exports. It was followed by Turkey, with a 3.2% share.

What is the average export price for ships, vessels, ferry-boats for the transport of persons in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per thousand units in 2021, approximately reflecting the previous year.

What is the average import price for ships, vessels, ferry-boats for the transport of persons in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per thousand units in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the shipping 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 30112130 - Cruise vessels
Prodcom 30112150 - Ferries

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