Puerto Rico: Market for Table, Kitchen Or Household Articles Of Cast Iron 2022

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Puerto Rico

In 2021, the Puerto Rican cast iron household articles market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, recorded a deep contraction. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Puerto Rico

In value terms, cast iron household articles production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 45% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 72% of total exports in 2021. It was distantly followed by France (X tons), comprising a 7.5% share of total exports. The following exporters - the Netherlands (X tons), India (X tons), Germany (X tons), Spain (X tons), Belgium (X tons) and the United States (X tons) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, the Netherlands (+28.6%), Belgium (+25.5%), Germany (+21.3%), India (+16.2%) and France (+6.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.6% from 2012-2021. By contrast, the United States (-1.2%) and Spain (-5.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, China and Germany increased by +2.3, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cast iron household articles supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was taken by France ($X), with a 15% share of global exports. It was followed by Germany, with an 8.9% share.

In China, cast iron household articles exports expanded at an average annual rate of +4.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: France (+5.0% per year) and Germany (+27.8% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Overall, the export price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports by Country

The United States was the main importing country with an import of about X tons, which resulted at 35% of total imports. Germany (X tons) held the second position in the ranking, followed by the Netherlands (X tons). All these countries together held approx. 13% share of total imports. The following importers - Canada (X tons), the UK (X tons), Belgium (X tons), Kyrgyzstan (X tons), Thailand (X tons), Australia (X tons), France (X tons), Russia (X tons), Japan (X tons) and Malaysia (X tons) - together made up 26% of total imports.

Imports into the United States increased at an average annual rate of +13.8% from 2012 to 2021. At the same time, Kyrgyzstan (+106.1%), Thailand (+30.3%), Germany (+23.1%), the Netherlands (+22.4%), Belgium (+18.3%), Malaysia (+14.6%), Canada (+9.9%), Japan (+6.5%), France (+5.5%), Australia (+3.2%) and the UK (+1.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the world, with a CAGR of +106.1% from 2012-2021. Russia experienced a relatively flat trend pattern. The United States (+13 p.p.), Germany (+6 p.p.), the Netherlands (+3.1 p.p.), Kyrgyzstan (+3 p.p.), Thailand (+2.4 p.p.) and Belgium (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Russia and the UK saw its share reduced by -2.1% and -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported table, kitchen or household articles of cast iron into Puerto Rico, comprising 28% of global imports. The second position in the ranking was held by Germany ($X), with a 12% share of global imports. It was followed by the Netherlands, with a 5.6% share.

In the United States, cast iron household articles imports expanded at an average annual rate of +9.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+23.3% per year) and the Netherlands (+23.7% per year).

Import Prices by Country

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

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while Kyrgyzstan ($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 (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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