Puerto Rico: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Puerto Rico

The Puerto Rican market for grinding, sanding and polishing machines was estimated at less than $X in 2021, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern.

Exports of Grinding, Sanding and Polishing Machines

Exports from Puerto Rico

In 2021, the amount of grinding, sanding and polishing machines exported from Puerto Rico totaled less than X units, almost unchanged from 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, grinding, sanding and polishing machine exports stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China was the main exporter of grinding, sanding and polishing machines in the world, with the volume of exports reaching X units, which was approx. 62% of total exports in 2021. Taiwan (Chinese) (X units) ranks second in terms of the total exports with a 12% share, followed by Germany (6.1%). The Netherlands (X units), Belgium (X units), Portugal (X units), Chile (X units) and South Africa (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to grinding, sanding and polishing machine exports from China stood at +28.1%. At the same time, Chile (+72.8%), Portugal (+54.3%), Germany (+23.5%), Belgium (+22.5%) and Taiwan (Chinese) (+9.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in the world, with a CAGR of +72.8% from 2012-2021. By contrast, the Netherlands (-7.4%) and South Africa (-8.6%) illustrated a downward trend over the same period. China (+40 p.p.), Germany (+3.2 p.p.), Portugal (+1.9 p.p.) and Chile (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), South Africa and the Netherlands saw its share reduced by -5.6%, -6.7% and -19.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding, sanding and polishing machine supplying countries from Puerto Rico were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 61% of total exports. These countries were followed by the Netherlands, Belgium, Chile, Portugal and South Africa, which together accounted for a further 2.5%.

Chile, with a CAGR of +43.9%, 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 equating 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 Germany ($X per thousand units), while Portugal ($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 the Netherlands (+5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Grinding, Sanding and Polishing Machines

Imports into Puerto Rico

In 2021, the amount of grinding, sanding and polishing machines imported into Puerto Rico stood at less than X units, remaining stable against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, grinding, sanding and polishing machine imports stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, India (X units), distantly followed by the United States (X units), the UK (X units), Germany (X units) and South Africa (X units) represented the largest importers of grinding, sanding and polishing machines, together generating 55% of total imports. The Netherlands (X units), Belgium (X units), Brazil (X units), Canada (X units), Chile (X units), Aruba (X units), Thailand (X units) and Qatar (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported grinding, sanding and polishing machines into Puerto Rico, comprising 26% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.2% share of global imports. It was followed by Canada, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and Canada (+4.8% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, remaining constant against the previous year. Over the period under review, the import price saw 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 ($X per thousand units), while Aruba ($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 the Netherlands (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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