Puerto Rico: Telephone Apparatus Market 2022

Telephone Apparatus Market Size in Puerto Rico

The Puerto Rican telephone apparatus market rose to $X in 2021, increasing by 4.8% against the previous year. In general, consumption recorded buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Telephone Apparatus Production in Puerto Rico

In value terms, telephone apparatus production expanded to $X in 2021 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The growth pace was the most rapid in 2019 with an increase of 94% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Telephone Apparatus Exports

Exports by Country

China represented the main exporting country with an export of about X tons, which reached 50% of total exports. The United States (X tons) took a 9.5% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (7.7%) and the Netherlands (4.7%). Vietnam (X tons), the United Arab Emirates (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Germany (X tons), Malaysia (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to telephone apparatus exports from China stood at +9.9%. At the same time, the United Arab Emirates (+34.2%), Vietnam (+15.3%), the United States (+10.0%), Taiwan (Chinese) (+3.2%) and the Netherlands (+2.2%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.2% from 2012-2021. By contrast, Germany (-1.4%), Mexico (-1.5%), Hong Kong SAR (-2.3%), South Korea (-4.6%) and Malaysia (-7.2%) illustrated a downward trend over the same period. While the share of China (+16 p.p.), the United States (+3 p.p.), the United Arab Emirates (+2.8 p.p.) and Vietnam (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Malaysia (-1.9 p.p.), South Korea (-2.8 p.p.) and Hong Kong SAR (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest telephone apparatus supplier from Puerto Rico, comprising 40% of global exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 12% share of global exports. It was followed by Vietnam, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +5.8%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+4.2% per year) and Vietnam (+19.9% 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 saw 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 Vietnam ($X per ton), while the United States ($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 Netherlands (+10.7%), while the other leaders experienced more modest paces of growth.

Telephone Apparatus Imports

Imports by Country

The United States was the main importing country with an import of about X tons, which reached 25% of total imports. Hong Kong SAR (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 - South Korea (X tons), the United Arab Emirates (X tons), India (X tons), China (X tons), Germany (X tons), France (X tons), Japan (X tons), Mexico (X tons), Vietnam (X tons) and the UK (X tons) - together made up 26% of total imports.

From 2012 to 2021, average annual rates of growth with regard to telephone apparatus imports into the United States stood at +11.9%. At the same time, Vietnam (+15.1%), South Korea (+10.7%), India (+9.0%), the Netherlands (+7.3%), the United Arab Emirates (+6.6%), China (+6.4%), France (+4.1%), Mexico (+3.7%) and Hong Kong SAR (+1.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +15.1% from 2012-2021. The UK and Germany experienced a relatively flat trend pattern. By contrast, Japan (-2.9%) illustrated a downward trend over the same period. While the share of the United States (+11 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-2.4 p.p.) and Hong Kong SAR (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest telephone apparatus importing markets into Puerto Rico were the United States ($X), Hong Kong SAR ($X) and China ($X), with a combined 36% share of total imports. The Netherlands, Japan, the United Arab Emirates, Germany, the UK, Vietnam, France, Mexico, South Korea and India lagged somewhat behind, together comprising a further 31%.

Vietnam, with a CAGR of +14.0%, 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Overall, the import price showed a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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