Puerto Rico: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Puerto Rico

In 2021, after three years of decline, there was significant growth in the Puerto Rican market for drawn glass and blown glass, when its value increased by 12% to $X. Overall, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -36.8% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Drawn Glass And Blown Glass in Puerto Rico

In value terms, drawn glass and blown glass production stood at $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 74% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Puerto Rico

In 2021, the amount of drawn glass and blown glass exported from Puerto Rico totaled less than X square meters, stabilizing at 2020 figures. Overall, exports recorded a relatively flat trend pattern.

In value terms, drawn glass and blown glass exports stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

Japan represented the main exporting country with an export of around X square meters, which resulted at 42% of total exports. The United States (X square meters) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Russia (8%), China (5.4%) and Hong Kong SAR (0.3%). Switzerland (X square meters), Germany (X square meters), Estonia (X square meters), Saudi Arabia (X square meters), India (X square meters) and Taiwan (Chinese) (X square meters) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to drawn glass and blown glass exports from Japan stood at -19.5%. At the same time, Estonia (+108.8%), Russia (+37.5%) and India (+20.3%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in the world, with a CAGR of +108.8% from 2012-2021. By contrast, Germany (-1.3%), the United States (-2.7%), Switzerland (-5.6%), Saudi Arabia (-10.1%), Taiwan (Chinese) (-15.7%), China (-24.2%) and Hong Kong SAR (-44.0%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.), Russia (+7.9 p.p.), Germany (+3.1 p.p.), Estonia (+3 p.p.), Switzerland (+2.7 p.p.) and India (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-8.3 p.p.), Hong Kong SAR (-9.9 p.p.) and Japan (-20 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest drawn glass and blown glass supplier from Puerto Rico, comprising 58% of global exports. The second position in the ranking was taken by the United States ($X), with a 14% share of global exports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at -16.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-9.6% per year) and Germany (-1.6% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand square meters in 2021, remaining stable against the previous year. In general, 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 Hong Kong SAR ($X per thousand square meters), while Russia ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.5%), while the other leaders experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Puerto Rico

In 2021, imports of drawn glass and blown glass into Puerto Rico stood at less than X square meters, approximately reflecting the year before. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, drawn glass and blown glass imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

South Korea (X square meters) and Taiwan (Chinese) (X square meters) represented roughly 35% of total imports in 2021. Japan (X square meters) ranks next in terms of the total imports with a 9.2% share, followed by Mongolia (6%), India (5.3%) and the United States (4.6%). Estonia (X square meters), Tanzania (X square meters), Armenia (X square meters), Turkey (X square meters), Malaysia (X square meters), Rwanda (X square meters) and Sri Lanka (X square meters) took a relatively small share 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 Estonia (with a CAGR of +52.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest drawn glass and blown glass importing markets into Puerto Rico were South Korea ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 72% share of total imports. These countries were followed by Japan, Malaysia, India, Mongolia, Tanzania, Armenia, Estonia, Rwanda, Turkey and Sri Lanka, which together accounted for a further 9.6%.

Estonia, with a CAGR of +51.7%, recorded 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 square meters in 2021, approximately reflecting the previous year. Over the period under review, 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 ($X per thousand square meters), while Sri Lanka ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Rwanda (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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