Report Update Nov 1, 2024

Puerto Rico - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Puerto Rico

After two years of decline, the Puerto Rican wood drilling machine market increased by 14% to $X in 2021. In general, consumption enjoyed a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Production in Puerto Rico

In value terms, wood drilling machine production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2016 when the production volume increased by 166%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from Puerto Rico

In 2021, the amount of drilling or morticing machines exported from Puerto Rico stood at less than X units, approximately equating 2020 figures. Overall, exports saw a relatively flat trend pattern.

In value terms, wood drilling machine exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

The biggest shipments were from Gambia (X units), China (X units), Germany (X units) and Japan (X units), together amounting to 76% of total export. It was distantly followed by Taiwan (Chinese) (X units), mixing up an 11% share of total exports. Singapore (X units), the Netherlands (X units) and Italy (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Gambia (with a CAGR of +2,443.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2021, together accounting for 74% of total exports. Taiwan (Chinese), Japan, Gambia, the Netherlands and Singapore lagged somewhat behind, together accounting for a further 16%.

Gambia, with a CAGR of +308.9%, saw the highest growth rate of the value of exports, among 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, approximately mirroring the previous year. Overall, 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 Japan ($X per thousand units), while Gambia ($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 Japan (+59.7%), while the other leaders experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Puerto Rico

In 2021, approx. less than X units of drilling or morticing machines were imported into Puerto Rico; approximately reflecting 2020 figures. Over the period under review, imports saw a relatively flat trend pattern.

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

Imports by Country

In 2021, the United States (X units), followed by Thailand (X units), Nigeria (X units), Taiwan (Chinese) (X units), India (X units), the Philippines (X units) and Singapore (X units) were the major importers of drilling or morticing machines, together mixing up 62% of total imports. Canada (X units), the UK (X units), Australia (X units), Poland (X units), France (X units) and Russia (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +79.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 33% share of total imports.

Among the main importing countries, Nigeria, with a CAGR of +67.6%, 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.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, leveling off at the previous year. Over the period under review, the import price continues to indicate 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 Poland ($X per thousand units), while Singapore ($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 France (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for drilling or morticing machines in the world?

The country with the largest volume of wood drilling machine consumption was South Africa, comprising approx. 45% of total volume. Moreover, wood drilling machine consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Nigeria, with an 8% share.

What are the largest producers of drilling or morticing machines in the world?

China constituted the country with the largest volume of wood drilling machine production, comprising approx. 39% of total volume. Moreover, wood drilling machine production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, threefold. The third position in this ranking was occupied by India, with a 7.8% share.

What are the leading suppliers of drilling or morticing machines to Puerto Rico?

In value terms, China constitutes the largest market for imported drilling or morticing machines into Puerto Rico, comprising 31% of global imports. The second position in the ranking was occupied by Nigeria, with a 12% share of global imports. It was followed by the United States, with a 7.1% share.

What are the leading importers of drilling or morticing machines from Puerto Rico?

In value terms, Italy, Germany and China were the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

What is the average export price for drilling or morticing machines in Puerto Rico?

The wood drilling machine export price in Puerto Rico stood at $less than 0.1 per thousand units in 2021, standing approx. at the previous year.

What is the average import price for drilling or morticing machines in Puerto Rico?

The wood drilling machine import price in Puerto Rico stood at $less than 0.1 per thousand units in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the wood drilling machine 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 28491267 - Drilling or morticing machines for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials

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