Report Update Nov 1, 2024

Puerto Rico - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Lifting Equipment Market 2024

Lifting Equipment Market Size in Puerto Rico

In 2021, the Puerto Rican lifting equipment market was finally on the rise to reach $X after six years of decline. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Lifting Equipment Production in Puerto Rico

In value terms, lifting equipment production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 6.9%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Lifting Equipment Exports

Exports from Puerto Rico

In 2021, exports of lifting equipment from Puerto Rico stood at less than X units, stabilizing at 2020 figures. Overall, exports saw a relatively flat trend pattern.

In value terms, lifting equipment exports amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, China (X units), distantly followed by Germany (X units), the UK (X units), the Netherlands (X units) and Italy (X units) represented the key exporters of lifting equipment, together mixing up 58% of total exports. Belgium (X units), Slovenia (X units), the United States (X units), Vietnam (X units), Austria (X units), Spain (X units), Japan (X units) and India (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the UK (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lifting equipment supplying countries from Puerto Rico were Germany ($X), the Netherlands ($X) and Belgium ($X), together comprising 36% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +13.2%, recorded 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.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately mirroring the previous year. Overall, 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 Belgium ($X per thousand units), while India ($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 Belgium (+3.7%), while the other leaders experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Puerto Rico

Lifting equipment imports into Puerto Rico stood at less than X units in 2021, approximately equating the previous year. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, lifting equipment imports stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

Aruba was the major importing country with an import of around X units, which accounted for 37% of total imports. It was distantly followed by Qatar (X units), Canada (X units), Australia (X units) and Belgium (X units), together mixing up a 32% share of total imports. The following importers - the United States (X units), Russia (X units), Singapore (X units), Mexico (X units), Sweden (X units) and Argentina (X units) - together made up 16% of total imports.

From 2012 to 2021, average annual rates of growth with regard to lifting equipment imports into Aruba stood at -8.8%. At the same time, Sweden (+29.1%), Argentina (+28.3%), Belgium (+21.7%), Singapore (+21.5%), Australia (+14.1%), Canada (+11.7%), Russia (+11.7%), Mexico (+9.1%), Qatar (+2.9%) and the United States (+1.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the world, with a CAGR of +29.1% from 2012-2021. Qatar (+5.6 p.p.), Canada (+4.6 p.p.), Belgium (+4.2 p.p.), Australia (+3.9 p.p.), Russia (+2.4 p.p.), Singapore (+2.4 p.p.) and Sweden (+2 p.p.) significantly strengthened its position in terms of the global imports, while Aruba saw its share reduced by -32% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lifting equipment importing markets into Puerto Rico were Belgium ($X), Sweden ($X) and the United States ($X), together accounting for 20% of total imports.

Sweden, with a CAGR of +26.9%, recorded the highest rates of growth with regard to 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

The import 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 import price recorded 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 Sweden ($X per thousand units), while Aruba ($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 Russia (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of lifting equipment consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Italy, Japan, Germany, Brazil, Russia, Pakistan, Bangladesh, Indonesia, France and Ethiopia, which together accounted for a further 33%.

What are the largest producers of lifting equipment in the world?

The country with the largest volume of lifting equipment production was China, accounting for 21% of total volume. Moreover, lifting equipment production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.1% share.

What are the leading suppliers of lifting equipment to Puerto Rico?

In value terms, Germany, Japan and the Netherlands were the countries with the highest levels of imports in 2020, with a combined 12% share of total imports. These countries were followed by the Dominican Republic, France, Indonesia, Belgium, Sweden, Taiwan Chinese), Canada, Hungary, Cyprus and Ukraine, which together accounted for a further 20%.

What are the leading importers of lifting equipment from Puerto Rico?

In value terms, Germany remains the largest lifting equipment supplier from Puerto Rico, comprising 23% of global exports. The second position in the ranking was occupied by Slovenia, with an 8.3% share of global exports. It was followed by Austria, with a 6.8% share.

What is the average export price for lifting equipment in Puerto Rico?

In 2020, the lifting equipment export price in Puerto Rico amounted to $less than 0.1 per thousand units, standing approx. at the previous year.

What is the average import price for lifting equipment in Puerto Rico?

The lifting equipment import price in Puerto Rico stood at $less than 0.1 per thousand units in 2020, remaining constant against the previous year.

This report provides an in-depth analysis of the lifting equipment 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 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

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