Puerto Rico: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Puerto Rico

The Puerto Rican market for pneumatic or hydraulic hand tools dropped to $X in 2021, shrinking by -5.5% against the previous year. Overall, consumption, however, recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Puerto Rico

In value terms, pneumatic or hydraulic hand tool production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The growth pace was the most rapid in 2014 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Puerto Rico

In 2021, the amount of pneumatic or hydraulic hand tools exported from Puerto Rico totaled less than X kg, remaining constant against 2020 figures. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, pneumatic or hydraulic hand tool exports stood at less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 62% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), comprising a 9% share of total exports. Germany (X tons), Sweden (X tons), Japan (X tons), the Netherlands (X tons), Brazil (X tons), Belgium (X tons), the United States (X tons), Italy (X tons), Mexico (X tons), France (X tons) and the UK (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of +21.2% from 2012 to 2021. At the same time, the Netherlands (+6.7%), Brazil (+6.3%), Taiwan (Chinese) (+4.8%), the UK (+4.8%) and Sweden (+1.4%) displayed positive paces of growth. By contrast, Belgium (-1.1%), Italy (-1.8%), France (-2.2%), Japan (-3.0%), Germany (-3.7%), Mexico (-8.1%) and the United States (-14.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +40 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pneumatic or hydraulic hand tool supplier from Puerto Rico, comprising 35% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of global exports. It was followed by Germany, with a 9.7% share.

In China, pneumatic or hydraulic hand tool exports increased at an average annual rate of +6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+6.5% per year) and Germany (-3.1% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. In general, the export price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the other leaders experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Puerto Rico

Pneumatic or hydraulic hand tool imports into Puerto Rico was estimated at less than X kg in 2021, remaining constant against the previous year's figure. Overall, imports showed a relatively flat trend pattern.

In value terms, pneumatic or hydraulic hand tool imports totaled less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Russia (X tons) represented the largest importers of pneumatic or hydraulic hand tools, together committing 26% of total imports. The following importers - France (X tons), Germany (X tons), Poland (X tons), the UK (X tons), Italy (X tons), Brazil (X tons), Spain (X tons), Turkey (X tons), Ukraine (X tons), the Netherlands (X tons) and Romania (X tons) - together made up 32% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported pneumatic or hydraulic hand tools into Puerto Rico, comprising 20% of global imports. The second position in the ranking was taken by France ($X), with a 5.5% share of global imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +2.1%. In the other countries, the average annual rates were as follows: France (+2.0% per year) and Germany (+1.5% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Overall, 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, amid the top importers, the country with the highest price was France ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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