Puerto Rico: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Puerto Rico

The Puerto Rican metal broaching machine market totaled less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern.

Metal Broaching Machine Exports

Exports from Puerto Rico

In 2021, approx. less than X units of broaching machines for working metal were exported from Puerto Rico; approximately equating 2020. In general, exports showed a relatively flat trend pattern.

In value terms, metal broaching machine exports totaled less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, India (X units) and Japan (X units) were the main exporters of broaching machines for working metalaround the world, together accounting for near 60% of total exports. It was distantly followed by the UK (X units) and Germany (X units), together constituting a 20% share of total exports. Denmark (X units), Sweden (X units), Spain (X units), the United States (X units) and Taiwan (Chinese) (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +46.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal broaching machine supplying countries from Puerto Rico were Japan ($X), Germany ($X) and the United States ($X), with a combined 62% share of total exports. These countries were followed by Taiwan (Chinese), Spain, Denmark, the UK, Sweden and India, which together accounted for a further 18%.

In terms of the main exporting countries, Sweden, with a CAGR of +19.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately mirroring the previous year. In general, the export price showed 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 Germany ($X per thousand units), while India ($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 Germany (+47.5%), while the other leaders experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Puerto Rico

In 2021, the amount of broaching machines for working metal imported into Puerto Rico stood at less than X units, remaining relatively unchanged against the previous year's figure. Overall, imports showed a relatively flat trend pattern.

In value terms, metal broaching machine imports amounted to less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, India (X units), distantly followed by Indonesia (X units), Slovakia (X units), Italy (X units), Sweden (X units), Venezuela (X units) and the United States (X units) were the major importers of broaching machines for working metal, together generating 58% of total imports. Mexico (X units), Bosnia and Herzegovina (X units), Spain (X units), Colombia (X units), Hungary (X units) and Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal broaching machine imports into India stood at +29.8%. At the same time, Slovakia (+65.2%), Hungary (+50.6%), Sweden (+42.2%), Italy (+27.1%), Bosnia and Herzegovina (+23.6%), Pakistan (+9.0%) and Mexico (+7.5%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the world, with a CAGR of +65.2% from 2012-2021. By contrast, Colombia (-4.9%), Venezuela (-5.3%), the United States (-6.4%), Spain (-8.6%) and Indonesia (-25.5%) illustrated a downward trend over the same period. India (+21 p.p.), Slovakia (+6.8 p.p.), Italy (+5.4 p.p.), Sweden (+4.9 p.p.), Bosnia and Herzegovina (+3.2 p.p.), Mexico (+2.8 p.p.), Venezuela (+1.9 p.p.), Hungary (+1.7 p.p.) and the United States (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Indonesia saw its share reduced by -36.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal broaching machine importing markets into Puerto Rico were the United States ($X), Mexico ($X) and India ($X), with a combined 30% share of total imports. Italy, Indonesia, Spain, Pakistan, Hungary, Venezuela, Slovakia, Sweden, Colombia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 11%.

Italy, with a CAGR of +40.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 thousand units in 2021, approximately equating the previous year. Overall, the import price saw 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 the United States ($X per thousand units), while Bosnia and Herzegovina ($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 Spain (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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