Puerto Rico: Industrial Robot Market 2024

Industrial Robot Market Size in Puerto Rico

After two years of growth, the Puerto Rican industrial robot market decreased by -0.8% to $X in 2021. Overall, consumption recorded a resilient increase. Puerto Rico consumption peaked at $X in 2020, and then dropped slightly in the following year.

Industrial Robot Production in Puerto Rico

In value terms, industrial robot production reduced modestly to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when the production volume increased by 58%. Puerto Rico production peaked at $X in 2020, and then reduced in the following year.

Industrial Robot Exports

Exports from Puerto Rico

Industrial robot exports from Puerto Rico totaled less than X units in 2021, approximately reflecting the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, industrial robot exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

Japan represented the key exporting country with an export of about X units, which reached 32% of total exports. Germany (X units) held the second position in the ranking, distantly followed by China (X units) and Italy (X units). All these countries together took approx. 28% share of total exports. The following exporters - Sweden (X units), Vietnam (X units), France (X units), South Korea (X units), the United States (X units), Austria (X units), Singapore (X units), Spain (X units) and Taiwan (Chinese) (X units) - together made up 26% of total exports.

Exports from Japan increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Vietnam (+45.3%), Singapore (+17.4%), China (+13.6%), France (+7.9%), Spain (+5.5%), Italy (+5.0%), Austria (+3.2%), Sweden (+3.1%), the United States (+2.8%), Taiwan (Chinese) (+2.0%) and Germany (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.3% from 2012-2021. South Korea experienced a relatively flat trend pattern. From 2012 to 2021, the share of Vietnam and China increased by +3.5 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest industrial robot supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was held by Germany ($X), with a 10% share of global exports. It was followed by Italy, with a 5.6% share.

In Japan, industrial robot exports increased at an average annual rate of +5.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+1.0% per year) and Italy (+9.0% 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 the United States ($X per thousand units), while Sweden ($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) (+6.0%), while the other leaders experienced more modest paces of growth.

Industrial Robot Imports

Imports into Puerto Rico

In 2021, the amount of industrial robots for multiple uses imported into Puerto Rico stood at less than X units, leveling off at 2020. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, industrial robot imports amounted to less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

China was the major importer of industrial robots for multiple uses in the world, with the volume of imports recording X units, which was approx. 30% of total imports in 2021. The United States (X units) ranks second in terms of the total imports with a 13% share, followed by Germany (6%). South Korea (X units), Italy (X units), Morocco (X units), Spain (X units), France (X units), Turkey (X units), Thailand (X units), Poland (X units), Indonesia (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to industrial robot imports into China stood at +13.4%. At the same time, the United States (+20.0%), Poland (+17.8%), Spain (+9.6%), Thailand (+8.5%), South Korea (+7.8%), Morocco (+6.8%), Italy (+6.5%), Indonesia (+5.6%), France (+4.6%), the Czech Republic (+3.9%) and Turkey (+2.8%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of +20.0% from 2012-2021. Germany experienced a relatively flat trend pattern. While the share of China (+13 p.p.) and the United States (+8.4 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial robots for multiple uses into Puerto Rico, comprising 26% of global imports. The second position in the ranking was held by the United States ($X), with an 8.5% share of global imports. It was followed by Germany, with a 7.4% share.

In China, industrial robot imports expanded at an average annual rate of +7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+10.6% per year) and Germany (+1.0% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, flattening at 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 the Czech Republic ($X per thousand units), while Morocco ($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 Czech Republic (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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