Report Update Nov 1, 2024

Puerto Rico - Base Metal Motor Vehicle Locks - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Puerto Rico

The Puerto Rican metal vehicle lock market soared to $X in 2021, picking up by 19% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Puerto Rico consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Metal Vehicle Lock Production in Puerto Rico

In value terms, metal vehicle lock production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 90%. Puerto Rico production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Metal Vehicle Lock Exports

Exports by Country

In 2021, China (X tons), distantly followed by Mexico (X tons), the Czech Republic (X tons), Germany (X tons), Spain (X tons) and Romania (X tons) represented the largest exporters of base metal motor vehicle locks, together achieving 65% of total exports. Portugal (X tons), the United States (X tons), Italy (X tons), Canada (X tons), South Korea (X tons), Turkey (X tons) and India (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of +21.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Mexico ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 42% share of total exports. The Czech Republic, Romania, Portugal, Canada, the United States, Spain, Italy, South Korea, India and Turkey lagged somewhat behind, together comprising a further 42%.

Romania, with a CAGR of +19.9%, 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.

Metal Vehicle Lock Imports

Imports by Country

The United States represented the major importer of base metal motor vehicle locks in the world, with the volume of imports reaching X tons, which was near 28% of total imports in 2021. It was distantly followed by Germany (X tons), Japan (X tons) and Spain (X tons), together committing a 22% share of total imports. The UK (X tons), Mexico (X tons), China (X tons), Turkey (X tons), Brazil (X tons), France (X tons), Canada (X tons), Russia (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of base metal motor vehicle locks. At the same time, the Czech Republic (+5.0%), the UK (+3.0%), Brazil (+1.9%), Spain (+1.6%) and Turkey (+1.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +5.0% from 2012-2021. Russia and Japan experienced a relatively flat trend pattern. By contrast, Germany (-1.6%), Mexico (-3.0%), China (-3.4%), France (-4.5%) and Canada (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +2.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and China ($X) were the countries with the highest levels of imports in 2021, with a combined 41% share of total imports. These countries were followed by Japan, the UK, Spain, Mexico, France, Turkey, Brazil, Canada, Russia and the Czech Republic, which together accounted for a further 32%.

Among the main importing countries, the Czech Republic, with a CAGR of +7.7%, recorded the highest rates of growth with regard to 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 base metal motor vehicle locks in the world?

The country with the largest volume of metal vehicle lock consumption was China, comprising approx. 27% of total volume. Moreover, metal vehicle lock 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 an 11% share.

What are the largest producers of base metal motor vehicle locks in the world?

The country with the largest volume of metal vehicle lock production was China, comprising approx. 33% of total volume. Moreover, metal vehicle lock production in China exceeded the figures recorded by the second-largest producer, India, threefold. Mexico ranked third in terms of total production with an 8.6% share.

What are the leading suppliers of base metal motor vehicle locks to Puerto Rico?

In value terms, the United States, Germany and China appeared to be the countries with the highest levels of imports in 2020, with a combined 44% share of total imports.

What are the leading importers of base metal motor vehicle locks from Puerto Rico?

In value terms, Germany, Mexico and China were the countries with the highest levels of exports in 2020, together comprising 42% of total exports. These countries were followed by the Czech Republic, Romania, Portugal, the United States, Canada, South Korea, Spain, Italy, Thailand and the UK, which together accounted for a further 42%.

What is the average export price for base metal motor vehicle locks in Puerto Rico?

The metal vehicle lock export price in Puerto Rico stood at $less than 0.1 per ton in 2020, almost unchanged from the previous year.

What is the average import price for base metal motor vehicle locks in Puerto Rico?

In 2020, the metal vehicle lock import price in Puerto Rico amounted to $less than 0.1 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the metal vehicle lock 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 25721150 - Base metal motor vehicle locks

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