Report Update Jan 1, 2025

Puerto Rico - Instruments for Measuring Electrical Quantities - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Puerto Rico

In 2021, the Puerto Rican market for instruments for measuring electrical quantities decreased by -4.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.1% against 2018 indices. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Instruments for Measuring Electrical Quantities in Puerto Rico

In value terms, instruments for measuring electrical quantities production contracted to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 +54.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 51% against the previous year. Puerto Rico production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports by Country

In 2021, China (X units) represented the main exporter of instruments for measuring electrical quantities, creating 41% of total exports. It was distantly followed by Germany (X units), the UK (X units) and Romania (X units), together generating a 26% share of total exports. The United States (X units), Hong Kong SAR (X units), the Netherlands (X units), Hungary (X units), France (X units), Japan (X units), Italy (X units), Taiwan (Chinese) (X units) and South Korea (X units) held a little share of total exports.

Exports from China increased at an average annual rate of +19.2% from 2012 to 2021. At the same time, Hungary (+32.3%), the Netherlands (+12.1%), Romania (+8.3%), Hong Kong SAR (+7.3%), the UK (+4.8%) and Germany (+4.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.3% from 2012-2021. By contrast, Japan (-1.1%), Italy (-1.8%), South Korea (-6.7%), France (-8.5%), the United States (-10.0%) and Taiwan (Chinese) (-21.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Hungary and Romania increased by +28, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest instruments for measuring electrical quantities supplying countries from Puerto Rico were Germany ($X), China ($X) and the United States ($X), together accounting for 50% of total exports. The UK, Romania, Taiwan (Chinese), Hong Kong SAR, the Netherlands, Japan, South Korea, France, Hungary and Italy lagged somewhat behind, together accounting for a further 29%.

Among the main exporting countries, Hungary, with a CAGR of +33.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports by Country

In 2021, the United States (X units), distantly followed by Nigeria (X units) and Germany (X units) were the key importers of instruments for measuring electrical quantities, together committing 44% of total imports. The following importers - Indonesia (X units), Spain (X units), Hong Kong SAR (X units), France (X units), China (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units), Japan (X units) and Turkey (X units) - together made up 29% of total imports.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities imports into the United States stood at +17.0%. At the same time, Nigeria (+67.8%), China (+21.1%), Hong Kong SAR (+12.6%), Turkey (+10.6%), the Czech Republic (+8.0%), Indonesia (+7.2%), Germany (+6.7%), Italy (+6.5%) and the Netherlands (+4.7%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +67.8% from 2012-2021. By contrast, France (-2.0%), Spain (-2.8%) and Japan (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Nigeria and China increased by +12, +12 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 34% share of total imports. Hong Kong SAR, the Netherlands, France, Japan, Spain, Italy, the Czech Republic, Turkey, Nigeria and Indonesia lagged somewhat behind, together comprising a further 22%.

In terms of the main importing countries, Nigeria, with a CAGR of +28.2%, recorded the highest growth rate of the value of imports, 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 instruments for measuring electrical quantities in the world?

China constituted the country with the largest volume of instruments for measuring electrical quantities consumption, accounting for 39% of total volume. Moreover, instruments for measuring electrical quantities consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by India, with a 6.5% share.

What are the largest producers of instruments for measuring electrical quantities in the world?

The country with the largest volume of instruments for measuring electrical quantities production was China, comprising approx. 58% of total volume. Moreover, instruments for measuring electrical quantities production in China exceeded the figures recorded by the second-largest producer, India, tenfold. Romania ranked third in terms of total production with a 4% share.

What are the leading suppliers of instruments for measuring electrical quantities to Puerto Rico?

In value terms, the largest instruments for measuring electrical quantities importing markets into Puerto Rico were the United States, China and Germany, together comprising 36% of total imports. These countries were followed by Hong Kong SAR, the Netherlands, France, Japan, Mexico, India, Spain, Italy, Nigeria and Indonesia, which together accounted for a further 24%.

What are the leading importers of instruments for measuring electrical quantities from Puerto Rico?

In value terms, the largest instruments for measuring electrical quantities supplying countries from Puerto Rico were Germany, China and the United States, together comprising 50% of total exports. These countries were followed by the UK, Romania, Hong Kong SAR, the Netherlands, Japan, France, Hungary, Italy, South Korea and Morocco, which together accounted for a further 26%.

What is the average export price for instruments for measuring electrical quantities in Puerto Rico?

The l quantities in Puerto Rico stood at less than $0.1 per thousand units in 2021, approximately mirroring the previous year.

What is the average import price for instruments for measuring electrical quantities in Puerto Rico?

The l quantities in Puerto Rico stood at less than $0.1 per thousand units in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the market for instruments for measuring electrical quantities 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 26514310 - Multimeters
Prodcom 26514330 - Electronic instruments and apparatus for measuring or checking voltage, current, resistance or electrical power, w ithout recording device (excluding multimeters, and oscilloscopes and oscillographs)
Prodcom 26514355 - Voltmeters
Prodcom 26514359 - Non-electronic instruments and apparatus, for measuring or checking voltage, current, resistance or power, without a recording device (excluding multimeters, voltmeters)
Prodcom 26514300 -

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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024