Report Update Apr 1, 2024

Puerto Rico - Wooden Frames for Paintings, Photographs, Mirrors or Similar Objects - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Wooden Frame Market 2024

Wooden Frame Market Size in Puerto Rico

In 2021, the Puerto Rican wooden frame market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a abrupt curtailment. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wooden Frame Production in Puerto Rico

In value terms, wooden frame production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 72% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

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Wooden Frame Exports

Exports by Country

China dominates exports structure, recording X units, which was near 75% of total exports in 2021. Brazil (X units) ranks second in terms of the total exports with a 5.7% share, followed by Indonesia (4.8%). The United States (X units), Poland (X units), Malaysia (X units), Thailand (X units) and India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Poland (+11.6%) and Brazil (+2.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.6% from 2012-2021. By contrast, India (-2.1%), the United States (-5.1%), Indonesia (-5.5%), Malaysia (-24.1%) and Thailand (-34.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Poland increased by +10 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden frame supplier from Puerto Rico, comprising 49% of global exports. The second position in the ranking was taken by Poland ($X), with a 9.4% share of global exports. It was followed by Indonesia, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+26.8% per year) and Indonesia (-3.7% per year).

Wooden Frame Imports

Imports by Country

In 2021, the United States (X units) was the major importer of wooden frames for paintings, photographs, mirrors or similar objects, making up 54% of total imports. It was distantly followed by the UK (X units), creating a 12% share of total imports. The following importers - Japan (X units), Australia (X units), Canada (X units), Germany (X units), Malaysia (X units) and Nigeria (X units) - together made up 16% of total imports.

From 2012 to 2021, average annual rates of growth with regard to wooden frame imports into the United States stood at +3.3%. At the same time, Malaysia (+13.8%), Nigeria (+7.0%), Germany (+4.9%) and the UK (+4.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +13.8% from 2012-2021. By contrast, Australia (-1.3%), Canada (-1.7%) and Japan (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Germany and the UK increased by +4, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wooden frames for paintings, photographs, mirrors or similar objects into Puerto Rico, comprising 28% of global imports. The second position in the ranking was held by Germany ($X), with a 12% share of global imports. It was followed by the UK, with a 7.9% share.

In the United States, wooden frame imports declined by an average annual rate of -4.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+18.8% per year) and the UK (+3.1% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wooden frames for paintings, photographs, mirrors or similar objects in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 48% of global consumption. The UK, Italy, Poland, Indonesia, Brazil, Mexico, Bangladesh, Malaysia and France lagged somewhat behind, together comprising a further 27%.

What are the largest producers of wooden frames for paintings, photographs, mirrors or similar objects in the world?

The country with the largest volume of wooden frame production was China, comprising approx. 48% of total volume. Moreover, wooden frame production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was held by Brazil, with a 4.4% share.

What are the leading suppliers of wooden frames for paintings, photographs, mirrors or similar objects to Puerto Rico?

In value terms, the United States constitutes the largest market for imported wooden frames for paintings, photographs, mirrors or similar objects into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by Germany, with a 12% share of global imports. It was followed by the UK, with a 7.9% share.

What are the leading importers of wooden frames for paintings, photographs, mirrors or similar objects from Puerto Rico?

In value terms, China remains the largest wooden frame supplier from Puerto Rico, comprising 49% of global exports. The second position in the ranking was held by Poland, with a 9.4% share of global exports. It was followed by Indonesia, with a 4.3% share.

This report provides an in-depth analysis of the wooden frame market 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 16291420 - Wooden frames for paintings, photographs, mirrors or similar objects

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