Puerto Rico: Barbed Wire Market 2024

Barbed Wire Market Size in Puerto Rico

The Puerto Rican barbed wire market dropped to $X in 2021, declining by -14.5% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Barbed Wire Production in Puerto Rico

In value terms, barbed wire production dropped significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Barbed Wire Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of barbed wire and entanglements were exported from Puerto Rico; approximately mirroring 2020 figures. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, barbed wire exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

China was the major exporter of barbed wire and entanglements in the world, with the volume of exports reaching X tons, which was approx. 42% of total exports in 2021. Egypt (X tons) took the second position in the ranking, distantly followed by Turkey (X tons), Spain (X tons) and Mexico (X tons). All these countries together held approx. 27% share of total exports. The following exporters - South Africa (X tons), Thailand (X tons), Guatemala (X tons), Brazil (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and the United States (X tons) - together made up 16% of total exports.

Exports from China increased at an average annual rate of +5.1% from 2012 to 2021. At the same time, Guatemala (+67.3%), Saudi Arabia (+33.1%), Egypt (+31.7%), Turkey (+9.1%), Spain (+5.9%) and Thailand (+2.8%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of +67.3% from 2012-2021. South Africa experienced a relatively flat trend pattern. By contrast, Brazil (-3.1%), Mexico (-18.3%), the United States (-18.7%) and the United Arab Emirates (-20.3%) illustrated a downward trend over the same period. Egypt (+12 p.p.), China (+6.9 p.p.), Guatemala (+3.1 p.p.) and Turkey (+2.7 p.p.) significantly strengthened its position in terms of the global exports, while Brazil, the United States, the United Arab Emirates and Mexico saw its share reduced by -2.1%, -3.9%, -4.5% and -6.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest barbed wire supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was held by Egypt ($X), with a 13% share of global exports. It was followed by Spain, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +16.0%. In the other countries, the average annual rates were as follows: Egypt (+35.2% per year) and Spain (+9.7% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Saudi Arabia ($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 United States (+13.3%), while the other leaders experienced more modest paces of growth.

Barbed Wire Imports

Imports into Puerto Rico

Barbed wire imports into Puerto Rico stood at less than X kg in 2021, therefore, remained relatively stable against the previous year. In general, imports saw a relatively flat trend pattern.

In value terms, barbed wire imports stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), Spain (X tons) and the Philippines (X tons) was the key importer of barbed wire and entanglements in the world, generating 18% of total import. The following importers - Portugal (X tons), Honduras (X tons), Nicaragua (X tons), Bolivia (X tons), Thailand (X tons), Mozambique (X tons), Brazil (X tons), France (X tons), Chile (X tons) and the Dominican Republic (X tons) - together made up 25% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +25.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together comprising 16% of total imports. Honduras, Portugal, Nicaragua, Bolivia, the Philippines, Chile, Brazil, the Dominican Republic, Mozambique and Thailand lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, the Philippines, with a CAGR of +27.3%, saw 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.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately mirroring the previous year. In general, 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, amid the top importers, the country with the highest price was France ($X per ton), while the Philippines ($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 Philippines (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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