Puerto Rico: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Puerto Rico

The Puerto Rican market for electrical boards, panels, consoles, desks and cabinets rose significantly to $X in 2021, surging by 12% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Puerto Rico

In value terms, electric board, desk and panel production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Puerto Rico

In 2021, electric board, desk and panel exports from Puerto Rico was estimated at less than X units, almost unchanged from 2020 figures. In general, exports showed a relatively flat trend pattern.

In value terms, electric board, desk and panel exports amounted to less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X units), followed by Spain (X units), Mexico (X units), Turkey (X units), Germany (X units), Italy (X units), the Czech Republic (X units), France (X units), Romania (X units) and India (X units) represented the key exporters of electrical boards, panels, consoles, desks and cabinets, together achieving 68% of total exports. Poland (X units), Hungary (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +20.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, together comprising 28% of total exports. These countries were followed by India, Italy, the Czech Republic, Hungary, France, Denmark, Mexico, Poland, Turkey and Romania, which together accounted for a further 42%.

Turkey, with a CAGR of +16.2%, saw the highest rates of growth with regard to 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

The export price in Puerto Rico stood at less than $X per thousand units in 2021, standing approx. at 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 Denmark ($X per thousand units), while Mexico ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.6%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Puerto Rico

In 2021, the amount of electrical boards, panels, consoles, desks and cabinets imported into Puerto Rico amounted to less than X units, remaining relatively unchanged against 2020 figures. Overall, imports showed a relatively flat trend pattern.

In value terms, electric board, desk and panel imports totaled less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

Germany (X units) and France (X units) represented roughly 17% of total imports in 2021. It was followed by Italy (X units), creating a 5% share of total imports. India (X units), Hungary (X units), the United Arab Emirates (X units), Poland (X units), Austria (X units), the Czech Republic (X units), Mexico (X units), the UK (X units), Spain (X units) and the Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 19% share of total imports. The United Arab Emirates, Italy, Mexico, Hungary, Poland, the Netherlands, the UK, the Czech Republic, Austria and Spain lagged somewhat behind, together accounting for a further 28%.

Among the main importing countries, Hungary, with a CAGR of +12.3%, 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

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately equating 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, amid the top importers, the country with the highest price was India ($X per thousand units), while Austria ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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