Puerto Rico: Magnetic Card Market 2025

Magnetic Card Market Size in Puerto Rico

The Puerto Rican magnetic card market was estimated at less than $X in 2021, approximately equating 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern.

Magnetic Card Exports

Exports from Puerto Rico

In 2021, the amount of cards incorporating a magnetic stripe exported from Puerto Rico was estimated at less than X units, approximately reflecting 2020. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, magnetic card exports amounted to less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

China was the major exporting country with an export of about X units, which resulted at 33% of total exports. The UK (X units) ranks second in terms of the total exports with a 15% share, followed by Germany (13%), Switzerland (4.5%) and the United Arab Emirates (0.9%). The following exporters - the United States (X units), France (X units), Australia (X units), Spain (X units), Poland (X units), Italy (X units), the Netherlands (X units) and Hong Kong SAR (X units) - together made up 21% of total exports.

From 2012 to 2021, average annual rates of growth with regard to magnetic card exports from China stood at +2.8%. At the same time, Australia (+32.7%), the Netherlands (+23.1%) and the United States (+1.0%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.7% from 2012-2021. By contrast, Poland (-1.7%), Spain (-2.5%), Switzerland (-3.8%), Italy (-4.0%), France (-8.9%), Germany (-9.5%), the UK (-13.0%), Hong Kong SAR (-23.4%) and the United Arab Emirates (-24.3%) illustrated a downward trend over the same period. While the share of China (+21 p.p.), Australia (+3.1 p.p.), the United States (+2.5 p.p.), the Netherlands (+1.6 p.p.) and Switzerland (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.9 p.p.), Hong Kong SAR (-4.2 p.p.), the United Arab Emirates (-4.3 p.p.) and the UK (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), the UK ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 48% share of total exports. These countries were followed by Australia, France, Germany, the Netherlands, Italy, the United Arab Emirates, Poland, Spain, Hong Kong SAR and Switzerland, which together accounted for a further 28%.

Australia, with a CAGR of +32.9%, 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.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, flattening at the previous year. Overall, the export price continues to indicate 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 ($X per thousand units), while Switzerland ($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 the United Arab Emirates (+29.9%), while the other leaders experienced more modest paces of growth.

Magnetic Card Imports

Imports into Puerto Rico

Magnetic card imports into Puerto Rico amounted to less than X units in 2021, approximately mirroring the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, magnetic card imports stood at less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

Pakistan prevails in imports structure, finishing at X units, which was near 65% of total imports in 2021. It was distantly followed by the United States (X units), making up a 1.4% share of total imports. Canada (X units), Australia (X units) and France (X units) held a little share of total imports.

Pakistan was also the fastest-growing in terms of the cards incorporating a magnetic stripe imports, with a CAGR of +21.6% from 2012 to 2021. Canada (-3.0%), Australia (-5.2%), the United States (-14.9%) and France (-15.9%) illustrated a downward trend over the same period. While the share of Pakistan (+52 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Canada (-1.9 p.p.), Australia (-2.1 p.p.), France (-5.1 p.p.) and the United States (-5.4 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported cards incorporating a magnetic stripe into Puerto Rico, comprising 10% of global imports. The second position in the ranking was held by the United States ($X), with a 4.1% share of global imports. It was followed by Australia, with a 3% share.

In Canada, magnetic card imports declined by an average annual rate of -6.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-5.8% per year) and Australia (-5.3% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per thousand units), while Pakistan ($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 the United States (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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