Puerto Rico: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Puerto Rico

In 2021, after three years of growth, there was decline in the Puerto Rican machine-tool for working wood market, when its value decreased by -2.4% to $X. Overall, the total consumption indicated a moderate expansion 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, consumption increased by +86.2% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Production of Machine-Tools For Working Wood in Puerto Rico

In value terms, machine-tool for working wood production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +93.7% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 57%. Puerto Rico production peaked at $X in 2020, and then reduced in the following year.

Exports of Machine-Tools For Working Wood

Exports from Puerto Rico

In 2021, the amount of machine-tools for working wood exported from Puerto Rico stood at less than X kg, standing approx. at 2020 figures. In general, exports showed a relatively flat trend pattern.

In value terms, machine-tool for working wood exports stood at less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

China (X tons) and the Netherlands (X tons) represented roughly 60% of total exports in 2021. It was distantly followed by Germany (X tons), Taiwan (Chinese) (X tons) and Italy (X tons), together mixing up a 23% share of total exports. Austria (X tons), Turkey (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +25.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, together comprising 61% of total exports. These countries were followed by Taiwan (Chinese), Austria, the United States, Turkey and the Netherlands, which together accounted for a further 20%.

The Netherlands, with a CAGR of +17.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

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

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($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 Netherlands (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Puerto Rico

Machine-tool for working wood imports into Puerto Rico amounted to less than X kg in 2021, remaining constant against the previous year. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, machine-tool for working wood imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the Netherlands (X tons) represented the main importer of machine-tools for working wood, making up 37% of total imports. It was distantly followed by the United States (X tons), Germany (X tons) and Nigeria (X tons), together constituting a 19% share of total imports. Russia (X tons), Belgium (X tons), Canada (X tons), France (X tons), Italy (X tons), the UK (X tons), Austria (X tons) and China (X tons) held a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of +15.2% from 2012 to 2021. At the same time, Nigeria (+45.0%), Belgium (+15.4%), the United States (+8.7%), Canada (+7.3%), Austria (+6.6%), Germany (+6.1%), Italy (+4.9%), France (+4.8%) and the UK (+4.0%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +45.0% from 2012-2021. By contrast, Russia (-2.6%) and China (-12.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Nigeria increased by +18 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported machine-tools for working wood into Puerto Rico, comprising 18% of global imports. The second position in the ranking was held by Germany ($X), with a 6.5% share of global imports. It was followed by Russia, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +8.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and Russia (-5.8% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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