Report Update Nov 1, 2024

Puerto Rico - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Puerto Rico

After two years of growth, the Puerto Rican industrial sewing machine market decreased by -5.8% to $X in 2021. Over the period under review, consumption, however, recorded a drastic downturn. Puerto Rico consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Industrial Sewing Machine Production in Puerto Rico

In value terms, industrial sewing machine production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports by Country

China dominates exports structure, reaching X units, which was approx. 63% of total exports in 2021. Singapore (X units) took the second position in the ranking, followed by India (X units) and Taiwan (Chinese) (X units). All these countries together took approx. 17% share of total exports. The following exporters - Vietnam (X units), Germany (X units), Japan (X units), South Africa (X units), South Korea (X units) and Hong Kong SAR (X units) - together made up 11% of total exports.

From 2012 to 2021, average annual rates of growth with regard to industrial sewing machine exports from China stood at +4.2%. At the same time, India (+13.5%), Singapore (+4.9%), Taiwan (Chinese) (+2.7%) and Vietnam (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.5% from 2012-2021. By contrast, Germany (-1.6%), Hong Kong SAR (-4.2%), South Korea (-5.3%), South Africa (-10.5%) and Japan (-11.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +6.2 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest industrial sewing machine supplier from Puerto Rico, comprising 49% of global exports. The second position in the ranking was taken by Singapore ($X), with a 9% share of global exports. It was followed by Japan, with a 6.6% share.

In China, industrial sewing machine exports increased 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: Singapore (-0.7% per year) and Japan (-5.4% per year).

Industrial Sewing Machine Imports

Imports by Country

In 2021, India (X units), distantly followed by Nigeria (X units), Indonesia (X units) and Vietnam (X units) were the key importers of industrial sewing machines, together creating 34% of total imports. The United States (X units), Brazil (X units), Singapore (X units), Bangladesh (X units), Cambodia (X units), Bolivia (X units), Turkey (X units), Chile (X units) and Sri Lanka (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial sewing machine imports into India stood at +20.4%. At the same time, Chile (+31.6%), Sri Lanka (+21.8%), Bolivia (+19.9%), Nigeria (+9.3%), Turkey (+6.0%), Vietnam (+4.9%), Bangladesh (+4.7%), Indonesia (+4.1%) and Cambodia (+1.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +31.6% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, Singapore (-2.3%) and Brazil (-5.7%) illustrated a downward trend over the same period. While the share of India (+15 p.p.), Nigeria (+5.3 p.p.), Indonesia (+3.4 p.p.), Vietnam (+2.9 p.p.), Bolivia (+1.8 p.p.), Chile (+1.7 p.p.), Bangladesh (+1.7 p.p.), Sri Lanka (+1.6 p.p.) and the United States (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial sewing machine importing markets into Puerto Rico were Vietnam ($X), India ($X) and Bangladesh ($X), together accounting for 24% of total imports. Singapore, Turkey, the United States, Indonesia, Brazil, Cambodia, Nigeria, Sri Lanka, Chile and Bolivia lagged somewhat behind, together comprising a further 28%.

Nigeria, with a CAGR of +11.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial sewing machines in the world?

The countries with the highest volumes of in 2021 were China, India and Japan, together comprising 31% of global consumption. These countries were followed by Vietnam, the United States, Indonesia, Brazil, Uzbekistan, Cambodia, Turkey, Bangladesh, Mexico and Germany, which together accounted for a further 27%.

What are the largest producers of industrial sewing machines in the world?

China constituted the country with the largest volume of industrial sewing machine production, comprising approx. 67% of total volume. Moreover, industrial sewing machine production in China exceeded the figures recorded by the second-largest producer, Japan, eightfold. Germany ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of industrial sewing machines to Puerto Rico?

In value terms, Vietnam, India and Singapore appeared to be the countries with the highest levels of imports in 2021, with a combined 24% share of total imports. Turkey, Bangladesh, the United States, Indonesia, Cambodia, Uzbekistan, Russia, Brazil, Sri Lanka and Morocco lagged somewhat behind, together accounting for a further 29%.

What are the leading importers of industrial sewing machines from Puerto Rico?

In value terms, China remains the largest industrial sewing machine supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was occupied by Singapore, with an 11% share of global exports. It was followed by Japan, with a 7.2% share.

What is the average export price for industrial sewing machines in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per thousand units, almost unchanged from the previous year.

What is the average import price for industrial sewing machines in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per thousand units in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the industrial sewing machine 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 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)

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