Puerto Rico: Wood Tool Market 2024

Wood Tool Market Size in Puerto Rico

The Puerto Rican wood tool market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 -39.2% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Wood Tool Production in Puerto Rico

In value terms, wood tool production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 -39.6% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 85% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wood Tool Exports

Exports from Puerto Rico

Wood tool exports from Puerto Rico amounted to less than X kg in 2021, leveling off at the previous year. In general, exports recorded a relatively flat trend pattern.

In value terms, wood tool exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China was the key exporter of tools of wood in the world, with the volume of exports amounting to X tons, which was near 34% of total exports in 2021. It was distantly followed by Brazil (X tons), Italy (X tons) and Ukraine (X tons), together generating a 23% share of total exports. The Netherlands (X tons), the United States (X tons), Portugal (X tons), Slovakia (X tons), Turkey (X tons), Russia (X tons), Poland (X tons), Vietnam (X tons) and Sri Lanka (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood tool exports from China stood at +4.5%. At the same time, the Netherlands (+50.5%), Turkey (+32.7%), Russia (+20.3%), Slovakia (+13.5%), Italy (+12.3%), Vietnam (+10.4%), Poland (+9.1%), Ukraine (+5.8%), Portugal (+2.7%) and Brazil (+2.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +50.5% from 2012-2021. By contrast, Sri Lanka (-2.6%) and the United States (-12.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, the Netherlands, Italy, Turkey, Slovakia and Russia increased by +5.3, +4, +3.2, +2.1, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood tool supplier from Puerto Rico, comprising 43% of global exports. The second position in the ranking was held by Italy ($X), with a 7.7% share of global exports. It was followed by the United States, with a 4.9% share.

In China, wood tool exports increased at an average annual rate of +29.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+10.7% per year) and the United States (-5.3% per year).

Export Prices by Country

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

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($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 (+24.1%), while the other leaders experienced more modest paces of growth.

Wood Tool Imports

Imports into Puerto Rico

Wood tool imports into Puerto Rico was estimated at less than X kg in 2021, therefore, remained relatively stable against the year before. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, wood tool imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

France (X tons), the United States (X tons), Iraq (X tons) and Germany (X tons) represented roughly 35% of total imports in 2021. Sri Lanka (X tons), India (X tons), Mexico (X tons), El Salvador (X tons), the Netherlands (X tons), Saudi Arabia (X tons), the UK (X tons), Malaysia (X tons) and Peru (X tons) took a relatively small share 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 Sri Lanka (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2021, with a combined 33% share of total imports. Iraq, Mexico, the Netherlands, the UK, Sri Lanka, El Salvador, India, Peru, Saudi Arabia and Malaysia lagged somewhat behind, together accounting for a further 23%.

Sri Lanka, with a CAGR of +53.0%, recorded the highest growth rate of 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, stabilizing 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 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 Iraq (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :