Puerto Rico: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Puerto Rico

The Puerto Rican transmission apparatus market skyrocketed to $X in 2021, picking up by 18% against the previous year. Over the period under review, consumption, however, showed a noticeable contraction. Puerto Rico consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Transmission Apparatus Production in Puerto Rico

In value terms, transmission apparatus production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Puerto Rico production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

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Transmission Apparatus Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of transmission apparatus incorporating reception apparatus were exported from Puerto Rico; remaining relatively unchanged against the year before. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, transmission apparatus exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China was the main exporter of transmission apparatus incorporating reception apparatus in the world, with the volume of exports resulting at X tons, which was near 57% of total exports in 2021. Vietnam (X tons) held the second position in the ranking, followed by Hong Kong SAR (X tons) and South Korea (X tons). All these countries together held near 22% share of total exports. The United States (X tons), the Netherlands (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, the Netherlands (+15.1%), Vietnam (+12.7%) and Hong Kong SAR (+7.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.1% from 2012-2021. The United States and Singapore experienced a relatively flat trend pattern. By contrast, South Korea (-20.6%) illustrated a downward trend over the same period. China (+16 p.p.), Vietnam (+6.6 p.p.), Hong Kong SAR (+3.1 p.p.) and the Netherlands (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while South Korea saw its share reduced by -13.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest transmission apparatus supplier from Puerto Rico, comprising 50% of global exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of global exports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+14.3% per year) and Hong Kong SAR (+12.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while China ($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 Netherlands (+15.5%), while the other leaders experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Puerto Rico

Transmission apparatus imports into Puerto Rico amounted to less than X kg in 2021, almost unchanged from 2020. In general, imports recorded a relatively flat trend pattern.

In value terms, transmission apparatus imports totaled less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Hong Kong SAR (X tons), the United Arab Emirates (X tons) and Japan (X tons) were the main importers of transmission apparatus incorporating reception apparatus, together making up 42% of total imports. Thailand (X tons), the Netherlands (X tons), Russia (X tons), Germany (X tons), France (X tons), the UK (X tons), Spain (X tons), Canada (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +15.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. The Netherlands, Japan, Germany, the UK, Russia, France, Canada, Italy, Thailand and Spain lagged somewhat behind, together accounting for a further 28%.

The Netherlands, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. Over the period under review, 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 ($X per ton), while Thailand ($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 Arab Emirates (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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