Report Update Nov 1, 2024

Puerto Rico - Iron or Steel Washers - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Metal Washer Market 2024

Metal Washer Market Size in Puerto Rico

In 2021, the Puerto Rican metal washer market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a perceptible slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Washer Production in Puerto Rico

In value terms, metal washer production totaled $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Metal Washer Exports

Exports from Puerto Rico

In 2021, the amount of iron or steel washers exported from Puerto Rico was estimated at less than X kg, approximately reflecting 2020. Overall, exports saw a relatively flat trend pattern.

In value terms, metal washer exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 52% of total exports in 2021. Germany (X tons) held a 7.8% share (based on physical terms) of total exports, which put it in second place, followed by the United States (7.1%) and India (4.7%). Taiwan (Chinese) (X tons), Japan (X tons), Italy (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.7% from 2012 to 2021. At the same time, the Netherlands (+12.6%), Italy (+6.2%), India (+4.4%), the United States (+2.5%), Japan (+2.4%) and Germany (+2.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.6% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+8.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-1.5 p.p.), Germany (-1.7 p.p.) and Taiwan (Chinese) (-2.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal washer supplier from Puerto Rico, comprising 27% of global exports. The second position in the ranking was held by Germany ($X), with a 13% share of global exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +10.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+3.0% per year) and the United States (+3.8% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the other leaders experienced more modest paces of growth.

Metal Washer Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of iron or steel washers were imported into Puerto Rico; remaining stable against 2020 figures. In general, imports recorded a relatively flat trend pattern.

In value terms, metal washer imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

The United States (X tons) and Mexico (X tons) represented roughly 28% of total imports in 2021. Germany (X tons) took a 6.4% share (based on physical terms) of total imports, which put it in second place, followed by Canada (6.2%) and Russia (6%). Spain (X tons), Poland (X tons), France (X tons), the Netherlands (X tons), China (X tons), the UK (X tons), the Czech Republic (X tons) and Australia (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2021, with a combined 31% share of total imports. Germany, the UK, Canada, the Czech Republic, Poland, France, the Netherlands, Russia, Australia and Spain lagged somewhat behind, together accounting for a further 31%.

The UK, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. In general, the import price continues to indicate 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 China ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel washers in the world?

China constituted the country with the largest volume of metal washer consumption, comprising approx. 26% of total volume. Moreover, metal washer consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 9.4% share.

What are the largest producers of iron or steel washers in the world?

China constituted the country with the largest volume of metal washer production, comprising approx. 44% of total volume. Moreover, metal washer production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Indonesia, with a 4.9% share.

What are the leading suppliers of iron or steel washers to Puerto Rico?

In value terms, the United States, China and Germany appeared to be the countries with the highest levels of imports in 2021, together accounting for 32% of total imports. Thailand, Mexico, the Czech Republic, Poland, France, the Netherlands, Canada, Russia, Japan and Spain lagged somewhat behind, together accounting for a further 31%.

What are the leading importers of iron or steel washers from Puerto Rico?

In value terms, China, Germany and the United States were the countries with the highest levels of exports in 2021, together accounting for 51% of total exports. Japan, Taiwan Chinese), Italy, the Netherlands and India lagged somewhat behind, together accounting for a further 24%.

What is the average export price for iron or steel washers in Puerto Rico?

The export price in Puerto Rico stood at $less than 0.1 per ton in 2021, remaining relatively unchanged against the previous year.

What is the average import price for iron or steel washers in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to $less than 0.1 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)

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 2012–2023
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