Report Update Apr 1, 2024

Puerto Rico - Electrical Parts of Machinery or Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Machinery Electrical Parts Market 2022

Machinery Electrical Parts Market Size in Puerto Rico

The Puerto Rican machinery electrical parts market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced slump. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Machinery Electrical Parts Production in Puerto Rico

In value terms, machinery electrical parts production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Puerto Rico production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Machinery Electrical Parts Exports

Exports by Country

In 2021, China (X tons), distantly followed by Belgium (X tons), Portugal (X tons), Malaysia (X tons), France (X tons) and the United States (X tons) represented the largest exporters of electrical parts of machinery or apparatus, together committing 50% of total exports. The UK (X tons), the Netherlands (X tons), Ireland (X tons), Hong Kong SAR (X tons), Poland (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +11.4% from 2012 to 2021. At the same time, Ireland (+58.4%), Portugal (+43.7%), Malaysia (+28.9%), Poland (+20.3%), Hong Kong SAR (+19.0%), Germany (+10.0%), Belgium (+3.0%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of +58.4% from 2012-2021. The UK and France experienced a relatively flat trend pattern. By contrast, the United States (-2.7%) and Taiwan (Chinese) (-3.8%) illustrated a downward trend over the same period. While the share of China (+8.9 p.p.), Portugal (+5.8 p.p.), Malaysia (+4.7 p.p.), Ireland (+3.6 p.p.), Hong Kong SAR (+2.5 p.p.) and Poland (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the UK (-2.4 p.p.), Taiwan (Chinese) (-3 p.p.), France (-3.4 p.p.) and the United States (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest machinery electrical parts supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 14% share of global exports. It was followed by Germany, with a 5.3% share.

In China, machinery electrical parts exports expanded at an average annual rate of +21.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+17.4% per year) and Germany (+2.0% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+21.5%), while the other leaders experienced more modest paces of growth.

Machinery Electrical Parts Imports

Imports by Country

Turkey (X tons) and Belgium (X tons) were the largest importers of electrical parts of machinery or apparatus in 2021, recording near 22% and 16% of total imports, respectively. It was distantly followed by Malaysia (X tons), Turks and Caicos Islands (X tons), Poland (X tons) and Spain (X tons), together creating a 31% share of total imports. Hong Kong SAR (X tons), Thailand (X tons), Germany (X tons), China (X tons), the United States (X tons), the Netherlands (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +126.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electrical parts of machinery or apparatus into Puerto Rico, comprising 30% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of global imports. It was followed by Turkey, with an 11% share.

In China, machinery electrical parts imports increased at an average annual rate of +10.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+11.5% per year) and Turkey (+96.1% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. In general, the import price recorded 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 ($X per ton), while Turks and Caicos Islands ($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 (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical parts of machinery or apparatus in the world?

China constituted the country with the largest volume of machinery electrical parts consumption, comprising approx. 17% of total volume. Moreover, machinery electrical parts consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.7% share.

What are the largest producers of electrical parts of machinery or apparatus in the world?

The country with the largest volume of machinery electrical parts production was China, comprising approx. 19% of total volume. Moreover, machinery electrical parts production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of electrical parts of machinery or apparatus to Puerto Rico?

In value terms, China constitutes the largest market for imported electrical parts of machinery or apparatus into Puerto Rico, comprising 30% of global imports. The second position in the ranking was taken by Hong Kong SAR, with an 11% share of global imports. It was followed by Turkey, with an 11% share.

What are the leading importers of electrical parts of machinery or apparatus from Puerto Rico?

In value terms, China remains the largest machinery electrical parts supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was taken by Hong Kong SAR, with a 14% share of global exports. It was followed by Germany, with a 5.3% share.

What is the average export price for electrical parts of machinery or apparatus in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, stabilizing at the previous year.

What is the average import price for electrical parts of machinery or apparatus in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, stabilizing at the previous year.

This report provides an in-depth analysis of the machinery electrical parts 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 27903390 - Electrical parts of machinery or apparatus, n.e.c.

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