Report Update Apr 1, 2024

Puerto Rico - Electrical Apparatus for Circuit Connection, Switching and Protection - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Puerto Rico

After three years of decline, the Puerto Rican electrical circuit apparatus market increased by 11% to $X in 2021. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -34.0% against 2017 indices. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in Puerto Rico

In value terms, electrical circuit apparatus production totaled $X in 2021 estimated in export price. Overall, 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 -33.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports by Country

In 2021, the United States (X tons) and China (X tons) represented the largest exporters of electrical apparatus for circuit connection, switching and protectionin the world, together recording near 45% of total exports. The United States (X tons) took the next position in the ranking, distantly followed by Germany (X tons). All these countries together took near 26% share of total exports. The following exporters - Mexico (X tons), Japan (X tons), the Czech Republic (X tons), Hong Kong SAR (X tons), the UK (X tons), France (X tons), Italy (X tons), South Korea (X tons) and Singapore (X tons) - together made up 24% of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +15.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 40% share of total exports.

China, with a CAGR of +7.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the United States ($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 Czech Republic (+10.2%), while the other leaders experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports by Country

In 2021, the United States (X tons) and Mexico (X tons) were the major importers of electrical apparatus for circuit connection, switching and protectionacross the globe, together constituting 31% of total imports. The United States (X tons) ranks next in terms of the total imports with a 17% share, followed by South Korea (4.6%) and Germany (3.9%). Russia (X tons), Japan (X tons), China (X tons), Malaysia (X tons), the Czech Republic (X tons), Hong Kong SAR (X tons), Germany (X tons), Belgium (X tons), Italy (X tons), the UK (X tons), Hungary (X tons), France (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical circuit apparatus importing markets into Puerto Rico were China ($X), the United States ($X) and Germany ($X), with a combined 28% share of total imports. These countries were followed by Hong Kong SAR, Mexico, France, Japan, the UK, the Czech Republic, Italy, Singapore, South Korea, Malaysia, Hungary, Russia and Belgium, which together accounted for a further 35%.

The Czech Republic, with a CAGR of +6.9%, 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, remaining constant against 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, the country with the highest price was China ($X per ton), while Mexico ($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 Czech Republic (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical apparatus for circuit connection, switching and protection in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 41% share of global consumption. Mexico, Japan, Indonesia, South Korea, Hungary, Germany, Italy, Brazil, France, the UK, Thailand and Vietnam lagged somewhat behind, together comprising a further 34%.

What are the largest producers of electrical apparatus for circuit connection, switching and protection in the world?

China constituted the country with the largest volume of electrical circuit apparatus production, comprising approx. 39% of total volume. Moreover, electrical circuit apparatus production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with an 11% share.

What are the leading suppliers of electrical apparatus for circuit connection, switching and protection to Puerto Rico?

In value terms, China, the United States and Germany appeared to be the countries with the highest levels of imports in 2021, together accounting for 28% of total imports. These countries were followed by Hong Kong SAR, Mexico, France, Japan, the UK, the Czech Republic, Italy, Singapore, South Korea, Malaysia, Hungary, Russia and Belgium, which together accounted for a further 35%.

What are the leading importers of electrical apparatus for circuit connection, switching and protection from Puerto Rico?

In value terms, China, Germany and the United States appeared to be the countries with the highest levels of exports in 2021, with a combined 40% share of total exports.

What is the average export price for electrical apparatus for circuit connection, switching and protection in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for electrical apparatus for circuit connection, switching and protection in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the electrical circuit apparatus 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 27121010 - Fuses for a voltage > 1 kV
Prodcom 27121020 - Automatic circuit breakers
Prodcom 27121030 - Isolating switches and make-and-break switches
Prodcom 27121040 - Lightning arresters, voltage limiters and surge suppressors for a voltage > 1 kV
Prodcom 27121090 - Other apparatus for switching... electrical circuits > 1 .000 V
Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A
Prodcom 27122230 - Automatic circuit breakers for a voltage . 1 kV and for a current . .63 A
Prodcom 27122250 - Automatic circuit breakers for a voltage . 1 kV and for a current > .63 A
Prodcom 27122330 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and a current . .16 A (excluding fuses, a utomatic circuit breakers)
Prodcom 27122350 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and for a current > .16 A but . .125 A (excluding fuses, automatic circuit breakers)
Prodcom 27122370 - Electrical apparatus for protecting electrical circuits for a voltage . 1 kV and for a current > .125 A (excluding fuses, a utomatic circuit breakers)
Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Prodcom 27331100 - Electrical apparatus for switching electrical circuits for a voltage . 1 kV (including push-button and rotary switches) (excluding relays)
Prodcom 27331200 - Lamp-holders for a voltage . 1 kV
Prodcom 27331310 - Plugs and sockets for coaxial cables for a voltage . 1 kV
Prodcom 27331330 - Plugs and sockets for printed circuits for a voltage . 1 kV
Prodcom 27331350 - Plugs and sockets for a voltage . 1 kV (excluding for coaxial cables, for printed circuits)
Prodcom 27331360 - Prefabricated elements for electrical circuits for a voltage . 1 kV
Prodcom 27331370 - Connections and contact elements for wires and cables for a voltage . 1 kV
Prodcom 27331380 - Other apparatus for connections to or in electrical circuit, v oltage . 1 .000 V

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