Puerto Rico: Spades And Shovels Market 2022

Spades And Shovels Market Size in Puerto Rico

The Puerto Rican spades and shovels market stood at $X in 2021, picking up by X% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Spades And Shovels Production in Puerto Rico

In value terms, spades and shovels production totaled $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Spades And Shovels Exports

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2021. Mexico (X tons), India (X tons), Brazil (X tons), Poland (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, the Netherlands (+X%), Brazil (+X%), Poland (+X%), India (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. China (less than X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest spades and shovels supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was held by Mexico ($X), with a X% share of global exports. It was followed by Poland, with less than X% share.

In China, spades and shovels exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Poland (+X% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

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

Spades And Shovels Imports

Imports by Country

In 2021, the United States (X tons), distantly followed by the UK (X tons) represented the largest importers of spades and shovels, together creating X% of total imports. The following importers - Russia (X tons), Germany (X tons), the Netherlands (X tons), Ghana (X tons), Democratic Republic of the Congo (X tons), France (X tons), Nigeria (X tons), Colombia (X tons), Malaysia (X tons), Canada (X tons) and Japan (X tons) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of +X% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+X%), the Netherlands (+X%), Russia (+X%), Colombia (+X%), France (+X%), Ghana (+X%), the UK (+X%) and Nigeria (+X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. Germany and Canada experienced a relatively flat trend pattern. By contrast, Japan (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. While the share of the Netherlands (less than X p.p.), Russia (less than X p.p.) and Democratic Republic of the Congo (less than X p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Malaysia (less than X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. In general, the import price continues to indicate 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 United States ($X per ton), while Nigeria ($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 United States (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :