Puerto Rico: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Puerto Rico

In 2021, after two years of decline, there was significant growth in the Puerto Rican vulcanised rubber mats market, when its value increased by 13% to $X. Overall, consumption, however, showed a perceptible curtailment. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Mats Production in Puerto Rico

In value terms, vulcanised rubber mats production rose significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports from Puerto Rico

In 2021, vulcanised rubber mats exports from Puerto Rico amounted to less than X kg, approximately equating 2020. In general, exports recorded a relatively flat trend pattern.

In value terms, vulcanised rubber mats exports amounted to less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

China (X tons) and India (X tons) represented the main exporters of floor coverings and mats of vulcanised rubber in 2021, reaching near 22% and 19% of total exports, respectively. Germany (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Poland (5.3%) and Spain (5.1%). Canada (X tons), Malaysia (X tons), the Czech Republic (X tons), the United States (X tons), the Netherlands (X tons), Turkey (X tons), Thailand (X tons) and Sri Lanka (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +19.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber mats supplying countries from Puerto Rico were China ($X), Germany ($X) and India ($X), together comprising 43% of total exports. The United States, Poland, Canada, the Netherlands, Malaysia, the Czech Republic, Spain, Turkey, Thailand and Sri Lanka lagged somewhat behind, together comprising a further 38%.

Among the main exporting countries, Poland, with a CAGR of +20.6%, recorded 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.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Overall, 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 the United States ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Puerto Rico

In 2021, vulcanised rubber mats imports into Puerto Rico amounted to less than X kg, almost unchanged from the previous year. Overall, imports recorded a relatively flat trend pattern.

In value terms, vulcanised rubber mats imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by the UK (X tons), Germany (X tons) and Canada (X tons) represented the largest importers of floor coverings and mats of vulcanised rubber, together achieving 40% of total imports. The Netherlands (X tons), France (X tons), Belgium (X tons), Japan (X tons), the Philippines (X tons), Ireland (X tons), Italy (X tons), Australia (X tons) and Mexico (X tons) took a little share of total imports.

Imports into the United States increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, the Philippines (+25.4%), Belgium (+13.2%), Ireland (+6.9%), Japan (+5.9%), the UK (+5.9%), France (+5.5%), the Netherlands (+5.2%), Germany (+4.7%) and Italy (+1.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +25.4% from 2012-2021. Canada and Australia experienced a relatively flat trend pattern. By contrast, Mexico (-1.6%) illustrated a downward trend over the same period. The United States (+6.5 p.p.), the Philippines (+2.2 p.p.) and Belgium (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Mexico and Canada saw its share reduced by -1.5% and -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported floor coverings and mats of vulcanised rubber into Puerto Rico, comprising 18% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.8% share of global imports. It was followed by the UK, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and the UK (+4.3% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining stable against 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 Australia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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