Report Update Nov 1, 2024

Puerto Rico - Lifts and Hoists - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Lift And Hoist Market 2024

Lift And Hoist Market Size in Puerto Rico

In 2021, the Puerto Rican lift and hoist market decreased by -38.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Lift And Hoist Production in Puerto Rico

In value terms, lift and hoist production declined notably to $X in 2021 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 339% against the previous year. As a result, production reached the peak level of $X, and then declined significantly in the following year.

Lift And Hoist Exports

Exports by Country

In 2021, Spain (X units) represented the largest exporter of lifts and hoists, achieving 48% of total exports. Slovakia (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Italy (10%) and Germany (4.7%). China (X units), India (X units), the Netherlands (X units), Greece (X units) and Sweden (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to lift and hoist exports from Spain stood at +5.8%. At the same time, Slovakia (+107.1%), India (+43.1%), Greece (+34.3%), Sweden (+21.7%), the Netherlands (+21.0%), Germany (+17.6%), Italy (+14.5%) and China (+8.0%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of +107.1% from 2012-2021. From 2012 to 2021, the share of Slovakia, India, Italy, Germany and the Netherlands increased by +12, +3.1, +3, +2.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lift and hoist supplier from Puerto Rico, comprising 25% of global exports. The second position in the ranking was taken by Spain ($X), with a 10% share of global exports. It was followed by Italy, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+4.0% per year) and Italy (+1.1% per year).

Lift And Hoist Imports

Imports by Country

The purchases of the three major importers of lifts and hoists, namely Germany, the United States and Canada, represented more than third of total import. Spain (X units) held the next position in the ranking, followed by Egypt (X units) and Romania (X units). All these countries together held near 18% share of total imports. The following importers - the Netherlands (X units), France (X units), Poland (X units), Sweden (X units), Slovenia (X units), Qatar (X units) and South Africa (X units) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist importing markets into Puerto Rico were the United States ($X), Germany ($X) and Canada ($X), together accounting for 13% of total imports. The Netherlands, France, Poland, Sweden, Egypt, Qatar, Spain, Romania, South Africa and Slovenia lagged somewhat behind, together accounting for a further 16%.

Among the main importing countries, Sweden, with a CAGR of +12.6%, saw 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 lifts and hoists in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 78% share of global consumption.

What are the largest producers of lifts and hoists in the world?

The countries with the highest volumes of in 2021 were China, Spain and Italy, together comprising 85% of global production.

What are the leading suppliers of lifts and hoists to Puerto Rico?

In value terms, the United States constitutes the largest market for imported lifts and hoists into Puerto Rico, comprising 4.4% of global imports. The second position in the ranking was occupied by Belgium, with a 1.6% share of global imports. It was followed by Spain, with a 1.2% share.

What are the leading importers of lifts and hoists from Puerto Rico?

In value terms, China, Spain and Italy were the countries with the highest levels of exports in 2021, together comprising 39% of total exports. These countries were followed by Germany, the Netherlands, Slovakia and Sweden, which together accounted for a further 29%.

What is the average export price for lifts and hoists in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per thousand units in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for lifts and hoists in Puerto Rico?

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

This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)

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