Report Update Nov 1, 2024

Puerto Rico - Articles of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Articles Of Iron Or Steel 2024

Market Size for Articles Of Iron Or Steel in Puerto Rico

After two years of growth, the Puerto Rican steel and iron articles market decreased by -8.1% to $X in 2021. In general, consumption showed a pronounced contraction. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Articles Of Iron Or Steel in Puerto Rico

In value terms, steel and iron articles production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 18%. Puerto Rico production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Articles Of Iron Or Steel

Exports by Country

In 2021, China (X tons) represented the key exporter of articles of iron or steel, committing 25% of total exports. Germany (X tons) took a 7.6% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (6.3%), Italy (5.6%) and France (4.9%). The following exporters - the United States (X tons), Poland (X tons), Thailand (X tons), South Korea (X tons), the Czech Republic (X tons), Austria (X tons), Turkey (X tons) and the Netherlands (X tons) - together made up 26% of total exports.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, France (+13.3%), Thailand (+5.4%), Poland (+5.3%), the Netherlands (+4.4%), Mexico (+3.8%), Turkey (+3.0%), Italy (+2.4%) and the Czech Republic (+1.5%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.3% from 2012-2021. Austria, Germany, South Korea and the United States experienced a relatively flat trend pattern. China (+4.2 p.p.) and France (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Germany saw its share reduced by -1.7% and -2.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest steel and iron articles supplier from Puerto Rico, comprising 22% of global exports. The second position in the ranking was taken by Germany ($X), with a 10% share of global exports. It was followed by the United States, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +10.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+2.2% per year) and the United States (+3.7% per year).

Imports of Articles Of Iron Or Steel

Imports by Country

Mexico was the main importing country with an import of around X tons, which finished at 29% of total imports. It was distantly followed by the United States (X tons) and Germany (X tons), together constituting a 16% share of total imports. South Korea (X tons), France (X tons), Thailand (X tons), Japan (X tons), Austria (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons), Italy (X tons) and the Czech Republic (X tons) held a relatively small share of total imports.

Mexico was also the fastest-growing in terms of the articles of iron or steel imports, with a CAGR of +12.1% from 2012 to 2021. At the same time, Spain (+7.7%), Thailand (+6.9%), Poland (+6.9%), the Netherlands (+6.8%), the United States (+5.6%), Italy (+4.6%), the Czech Republic (+4.1%), Germany (+2.9%), France (+2.4%) and South Korea (+1.8%) displayed positive paces of growth. Austria and Japan experienced a relatively flat trend pattern. Mexico (+13 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -1.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steel and iron articles importing markets into Puerto Rico were the United States ($X), Germany ($X) and Mexico ($X), with a combined 25% share of total imports. These countries were followed by Thailand, France, South Korea, the Netherlands, Japan, Poland, Austria, the Czech Republic, Italy and Spain, which together accounted for a further 31%.

In terms of the main importing countries, the Netherlands, with a CAGR of +9.1%, recorded the highest growth rate of 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 articles of iron or steel in the world?

The country with the largest volume of steel and iron articles consumption was China, accounting for 31% of total volume. Moreover, steel and iron articles consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.1% share.

What are the largest producers of articles of iron or steel in the world?

China remains the largest steel and iron articles producing country worldwide, accounting for 37% of total volume. Moreover, steel and iron articles production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.3% share.

What are the leading suppliers of articles of iron or steel to Puerto Rico?

In value terms, the United States, Germany and Thailand were the countries with the highest levels of imports in 2021, together accounting for 26% of total imports. Mexico, France, South Korea, the Netherlands, Japan, Poland, Austria, the Czech Republic, Italy and Spain lagged somewhat behind, together comprising a further 31%.

What are the leading importers of articles of iron or steel from Puerto Rico?

In value terms, China, Germany and the United States constituted the countries with the highest levels of exports in 2021, together accounting for 38% of total exports. These countries were followed by Italy, Poland, France, the Czech Republic, South Korea, the Netherlands, Austria, Thailand, India and Turkey, which together accounted for a further 34%.

What is the average export price for articles of iron or steel in Puerto Rico?

The export price in Puerto Rico stood at $less than 0.1 per ton in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for articles of iron or steel in Puerto Rico?

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

This report provides an in-depth analysis of the market for steel and iron articles 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 25992945 - Articles of iron or steel, n.e.s.
Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
Prodcom 25992935 - Iron or steel reels for cables, piping and the like
Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)

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