Report Update Apr 1, 2024

Puerto Rico - Welded and Cold-Formed Sections of Steel - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Puerto Rico

In 2021, the Puerto Rican market for welded and cold-formed sections of steel was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a mild shrinkage. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Welded And Cold-Formed Sections Of Steel in Puerto Rico

In value terms, welded and cold-formed steel sections production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 98% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

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Exports of Welded And Cold-Formed Sections Of Steel

Exports by Country

In 2021, Germany (X tons), Bahrain (X tons), Poland (X tons), China (X tons), Bulgaria (X tons), the United States (X tons), Spain (X tons), Romania (X tons), the Dominican Republic (X tons), Ireland (X tons), Russia (X tons) and Saudi Arabia (X tons) was the key exporter of welded and cold-formed sections of steel in the world, committing 69% of total export. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +75.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest welded and cold-formed steel sections supplying countries from Puerto Rico were Germany ($X), Poland ($X) and the United States ($X), together accounting for 31% of total exports. Spain, China, Bahrain, Romania, Bulgaria, Ireland, Jordan, Russia, Saudi Arabia and the Dominican Republic lagged somewhat behind, together comprising a further 28%.

In terms of the main exporting countries, Jordan, with a CAGR of +67.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports by Country

In 2021, Ireland (X tons), distantly followed by Saudi Arabia (X tons), Canada (X tons) and Spain (X tons) were the major importers of welded and cold-formed sections of steel, together generating 44% of total imports. France (X tons), South Korea (X tons), Germany (X tons), the UK (X tons), China (X tons), Denmark (X tons), Italy (X tons), Bahrain (X tons) and the United States (X tons) followed a long way behind the leaders.

Ireland was also the fastest-growing in terms of the welded and cold-formed sections of steel imports, with a CAGR of +28.6% from 2012 to 2021. At the same time, the UK (+11.9%), France (+8.5%), Germany (+6.4%), Spain (+5.9%), Saudi Arabia (+4.4%) and Denmark (+1.1%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, Bahrain (-7.4%), China (-10.2%), Canada (-11.7%), the United States (-14.3%) and South Korea (-14.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ireland, Saudi Arabia, France, Spain, the UK and Germany increased by +21, +4.9, +2.6, +2.5, +2.3 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Ireland ($X) and France ($X) were the countries with the highest levels of imports in 2021, with a combined 22% share of total imports.

In terms of the main importing countries, Ireland, with a CAGR of +19.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for welded and cold-formed sections of steel in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 44% share of global consumption. Japan, Pakistan, Russia, Nigeria, Germany, Brazil, Indonesia, Italy, France and South Korea lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of welded and cold-formed sections of steel in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, together accounting for 44% of global production. These countries were followed by Japan, Russia, Pakistan, Germany, Nigeria, Brazil, Indonesia, Italy, France and the UK, which together accounted for a further 28%.

What are the leading suppliers of welded and cold-formed sections of steel to Puerto Rico?

In value terms, Germany, Ireland and France appeared to be the countries with the highest levels of imports in 2021, with a combined 22% share of total imports.

What are the leading importers of welded and cold-formed sections of steel from Puerto Rico?

In value terms, Germany, Poland and the United States were the countries with the highest levels of exports in 2021, together accounting for 31% of total exports. Spain, China, Bahrain, Romania, Bulgaria, Ireland, Jordan, Russia, Saudi Arabia and the Dominican Republic lagged somewhat behind, together accounting for a further 28%.

This report provides an in-depth analysis of the market for welded and cold-formed steel sections in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023