Puerto Rico: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Puerto Rico

The Puerto Rican fruit-preparation industrial machinery market reduced to $X in 2021, which is down by -12.5% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.7% against 2019 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Fruit-Preparation Industrial Machinery Production in Puerto Rico

In value terms, fruit-preparation industrial machinery production reduced to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.4% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 33% against the previous year. Puerto Rico production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Fruit-Preparation Industrial Machinery Exports

Exports from Puerto Rico

In 2021, approx. less than X units of industrial machinery for the preparation of fruits, nuts or vegetables were exported from Puerto Rico; remaining stable against the year before. Overall, exports saw a relatively flat trend pattern.

In value terms, fruit-preparation industrial machinery exports totaled less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 86% of total exports in 2021. The following exporters - Brazil (X units), India (X units), Belarus (X units) and Taiwan (Chinese) (X units) - together made up 8.1% of total exports.

Exports from China increased at an average annual rate of +13.4% from 2012 to 2021. At the same time, India (+26.1%) and Brazil (+12.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.1% from 2012-2021. By contrast, Belarus (-4.5%) and Taiwan (Chinese) (-9.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fruit-preparation industrial machinery supplier from Puerto Rico, comprising 11% of global exports. The second position in the ranking was taken by India ($X), with a 1.5% share of global exports. It was followed by Taiwan (Chinese), with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +12.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.4% per year) and Taiwan (Chinese) (+17.1% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per thousand units), while China ($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 Taiwan (Chinese) (+29.7%), while the other leaders experienced a decline in the export price figures.

Fruit-Preparation Industrial Machinery Imports

Imports into Puerto Rico

In 2021, the amount of industrial machinery for the preparation of fruits, nuts or vegetables imported into Puerto Rico totaled less than X units, remaining stable against the previous year. Overall, imports saw a relatively flat trend pattern.

In value terms, fruit-preparation industrial machinery imports totaled less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), Canada (X units), Qatar (X units), Aruba (X units), Denmark (X units), El Salvador (X units), Chile (X units), Mexico (X units), Switzerland (X units), Russia (X units), Bolivia (X units) and South Africa (X units) represented the key importer of industrial machinery for the preparation of fruits, nuts or vegetables in the world, mixing up 62% of total import. Malaysia (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 leading importing countries, was attained by Switzerland (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported industrial machinery for the preparation of fruits, nuts or vegetables into Puerto Rico, comprising 11% of global imports. The second position in the ranking was held by Russia ($X), with a 4.4% share of global imports. It was followed by Canada, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +3.8%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+2.1% per year) and Canada (+8.0% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, approximately mirroring the previous year. Overall, the import price saw 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 Russia ($X per thousand units), while Aruba ($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 South Africa (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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