Report Update Nov 1, 2024

Puerto Rico - Furniture of Plastic - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Plastic Furniture Market 2024

Plastic Furniture Market Size in Puerto Rico

The Puerto Rican plastic furniture market rose notably to $X in 2021, picking up by 9.7% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in Puerto Rico

In value terms, plastic furniture production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports by Country

China was the largest exporter of furniture of plastic in the world, with the volume of exports amounting to X units, which was approx. 58% of total exports in 2021. It was distantly followed by Italy (X units), creating an 11% share of total exports. Turkey (X units), Canada (X units), the Netherlands (X units), Poland (X units), Vietnam (X units), Israel (X units), the United States (X units), Taiwan (Chinese) (X units) and Germany (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture exports from China stood at +7.3%. At the same time, Vietnam (+21.5%), Canada (+12.0%), the Netherlands (+10.2%), Turkey (+9.5%), Poland (+8.0%), Italy (+4.0%), Germany (+3.0%) and Israel (+2.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.5% from 2012-2021. By contrast, Taiwan (Chinese) (-6.5%) and the United States (-10.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Vietnam increased by +6.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic furniture supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was held by Italy ($X), with an 8.5% share of global exports. It was followed by the United States, with a 4.5% share.

In China, plastic furniture exports increased at an average annual rate of +8.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+1.7% per year) and the United States (+1.7% per year).

Plastic Furniture Imports

Imports by Country

In 2021, the United States (X units), distantly followed by France (X units), the UK (X units), Germany (X units) and Canada (X units) were the major importers of furniture of plastic, together committing 40% of total imports. Spain (X units), the Netherlands (X units), Australia (X units), Japan (X units), Indonesia (X units), Mexico (X units), Belgium (X units) and Russia (X units) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Indonesia (+20.9%), the Netherlands (+13.5%), Russia (+6.1%), Canada (+5.9%), Spain (+5.4%), the UK (+5.0%), Mexico (+4.7%), Germany (+3.9%), Belgium (+3.5%), France (+3.4%) and Japan (+2.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +20.9% from 2012-2021. By contrast, Australia (-3.7%) illustrated a downward trend over the same period. The Netherlands (+2 p.p.) and Indonesia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Australia and the United States saw its share reduced by -2.5% and -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported furniture of plastic into Puerto Rico, comprising 26% of global imports. The second position in the ranking was held by the UK ($X), with a 7.6% share of global imports. It was followed by France, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +7.9%. In the other countries, the average annual rates were as follows: the UK (+6.7% per year) and France (+0.9% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture of plastic in the world?

The country with the largest volume of plastic furniture consumption was China, comprising approx. 17% of total volume. Moreover, plastic furniture consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of furniture of plastic in the world?

The country with the largest volume of plastic furniture production was China, comprising approx. 41% of total volume. Moreover, plastic furniture production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Italy ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of furniture of plastic to Puerto Rico?

In value terms, the United States constitutes the largest market for imported furniture of plastic into Puerto Rico, comprising 27% of global imports. The second position in the ranking was occupied by the UK, with a 7.9% share of global imports. It was followed by Germany, with a 5.9% share.

What are the leading importers of furniture of plastic from Puerto Rico?

In value terms, China remains the largest plastic furniture supplier from Puerto Rico, comprising 42% of global exports. The second position in the ranking was occupied by Italy, with a 7.2% share of global exports. It was followed by the United States, with a 5.3% share.

What is the average export price for furniture of plastic in Puerto Rico?

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

What is the average import price for furniture of plastic in Puerto Rico?

The 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 plastic furniture 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)

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