Report Update Nov 1, 2024

Puerto Rico - Cranks and Crankshafts - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Puerto Rico

In 2021, the Puerto Rican cranks and crankshafts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a perceptible increase. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cranks And Crankshafts Production in Puerto Rico

In value terms, cranks and crankshafts production surged to $X in 2021 estimated in export price. Overall, production recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Cranks And Crankshafts Exports

Exports by Country

China (X tons) and Germany (X tons) were the key exporters of cranks and crankshafts in 2021, reaching near 20% and 19% of total exports, respectively. South Korea (X tons) took an 8.7% share (based on physical terms) of total exports, which put it in second place, followed by Japan (7.8%) and the United States (7.7%). Spain (X tons), Brazil (X tons), Mexico (X tons), Italy (X tons), Poland (X tons), France (X tons), the UK (X tons) and Turkey (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts supplying countries from Puerto Rico were Germany ($X), China ($X) and the United States ($X), with a combined 47% share of total exports. These countries were followed by Japan, the UK, South Korea, Mexico, Italy, Poland, France, Spain, Brazil and Turkey, which together accounted for a further 33%.

In terms of the main exporting countries, Poland, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports by Country

The purchases of the four major importers of cranks and crankshafts, namely the United States, Mexico, Germany and Thailand, represented more than third of total import. The following importers - China (X tons), Austria (X tons), Japan (X tons), Poland (X tons), Brazil (X tons), Canada (X tons), Italy (X tons), the UK (X tons) and Hungary (X tons) - together made up 27% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +17.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 33% share of total imports. Germany, Canada, Brazil, Poland, Austria, the UK, Japan, Hungary, Italy and Thailand lagged somewhat behind, together comprising a further 35%.

Among the main importing countries, Poland, with a CAGR of +3.2%, saw 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 cranks and crankshafts in the world?

The United States constituted the country with the largest volume of cranks and crankshafts consumption, accounting for 57% of total volume. Moreover, cranks and crankshafts consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. India ranked third in terms of total consumption with a 4.4% share.

What are the largest producers of cranks and crankshafts in the world?

The United States remains the largest cranks and crankshafts producing country worldwide, comprising approx. 57% of total volume. Moreover, cranks and crankshafts production in the United States exceeded the figures recorded by the second-largest producer, China, fivefold. India ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of cranks and crankshafts to Puerto Rico?

In value terms, the largest cranks and crankshafts importing markets into Puerto Rico were the United States, China and Mexico, with a combined 34% share of total imports.

What are the leading importers of cranks and crankshafts from Puerto Rico?

In value terms, Germany, the United States and Japan were the countries with the highest levels of exports in 2021, with a combined 45% share of total exports. These countries were followed by China, the UK, South Korea, India, Mexico, Italy, Poland, France, Spain and Brazil, which together accounted for a further 37%.

What is the average export price for cranks and crankshafts in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, leveling off at the previous year.

What is the average import price for cranks and crankshafts in Puerto Rico?

In 2021, the 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 cranks and crankshafts 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 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

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