Puerto Rico: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Puerto Rico

The Puerto Rican market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables shrank slightly to $X in 2021, flattening at the previous year. Over the period under review, consumption saw a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Puerto Rico

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables dropped to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 108%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports from Puerto Rico

In 2021, approx. less than X units of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables were exported from Puerto Rico; therefore, remained relatively stable against the year before. Overall, exports recorded a relatively flat trend pattern.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

China was the major exporting country with an export of about X units, which reached 32% of total exports. It was distantly followed by Turkey (X units), Denmark (X units), Germany (X units) and Brazil (X units), together mixing up a 38% share of total exports. The UK (X units), Ukraine (X units), India (X units), Belarus (X units), Italy (X units), Austria (X units), Thailand (X units) and the United States (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to seed cleaning, sorting and grading machine exports from China stood at +11.3%. At the same time, Thailand (+20.7%), Belarus (+20.6%), Turkey (+12.2%), Denmark (+6.2%), Austria (+4.3%), India (+2.2%) and Ukraine (+1.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.7% from 2012-2021. Brazil experienced a relatively flat trend pattern. By contrast, Germany (-1.2%), the UK (-1.4%), Italy (-6.7%) and the United States (-27.4%) illustrated a downward trend over the same period. China (+16 p.p.), Turkey (+8.1 p.p.), Denmark (+1.9 p.p.) and Belarus (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while the UK, Brazil, Italy, Germany and the United States saw its share reduced by -1.6%, -2.2%, -3.4%, -4% and -9.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seed cleaning, sorting and grading machine supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was taken by Germany ($X), with an 8.7% share of global exports. It was followed by the UK, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +10.7%. In the other countries, the average annual rates were as follows: Germany (+1.1% per year) and the UK (-7.0% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. Over the period under review, 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 the United States ($X per thousand units), while Turkey ($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 the United States (+29.7%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports into Puerto Rico

Imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables into Puerto Rico totaled less than X units in 2021, remaining relatively unchanged against 2020 figures. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

Nigeria represented the largest importer of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in the world, with the volume of imports finishing at X units, which was approx. 37% of total imports in 2021. It was distantly followed by India (X units), committing a 6.4% share of total imports. Bangladesh (X units), the United States (X units), Kazakhstan (X units), Indonesia (X units), Canada (X units), Vietnam (X units) and Turkey (X units) took a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables imports, with a CAGR of +32.6% from 2012 to 2021. At the same time, Vietnam (+18.0%), Turkey (+11.0%), the United States (+10.8%), Canada (+6.5%), India (+4.6%) and Bangladesh (+4.3%) displayed positive paces of growth. By contrast, Kazakhstan (-2.2%) and Indonesia (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria increased by +32 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest seed cleaning, sorting and grading machine importing markets into Puerto Rico were Nigeria ($X), India ($X) and the United States ($X), together comprising 28% of total imports.

Nigeria, with a CAGR of +25.6%, 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 thousand units, remaining stable against the previous year. Overall, 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 Turkey ($X per thousand units), while Nigeria ($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 Kazakhstan (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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