Report Update Nov 1, 2024

Puerto Rico - Medical, Surgical or Veterinary Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Medical Furniture Market 2024

Medical Furniture Market Size in Puerto Rico

In 2021, the Puerto Rican medical furniture market decreased by -2.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Medical Furniture Production in Puerto Rico

In value terms, medical furniture production fell slightly to $X in 2021 estimated in export price. Overall, production showed a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 35%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Medical Furniture Exports

Exports by Country

China was the key exporter of medical, surgical or veterinary furniture in the world, with the volume of exports accounting for X tons, which was approx. 48% of total exports in 2021. Poland (X tons) ranks second in terms of the total exports with a 9% share, followed by Germany (6.1%) and the Czech Republic (5%). The following exporters - Turkey (X tons), France (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), the United States (X tons), Italy (X tons), the UK (X tons), Canada (X tons) and Mexico (X tons) - together made up 20% of total exports.

From 2012 to 2021, average annual rates of growth with regard to medical furniture exports from China stood at +8.1%. At the same time, Turkey (+16.1%), Poland (+7.3%), the Czech Republic (+6.9%), France (+5.9%), the Netherlands (+5.9%), Italy (+3.9%), Taiwan (Chinese) (+1.9%) and Germany (+1.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.1% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Canada (-3.2%), the United States (-13.5%) and Mexico (-13.9%) illustrated a downward trend over the same period. China (+13 p.p.), Turkey (+2.4 p.p.) and Poland (+2 p.p.) significantly strengthened its position in terms of the global exports, while Canada, Germany, Mexico and the United States saw its share reduced by -1.5%, -1.9%, -2.8% and -10% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of exports in 2021, with a combined 49% share of total exports. These countries were followed by Poland, the Netherlands, the Czech Republic, Taiwan (Chinese), France, Canada, Italy, the UK, Turkey and Mexico, which together accounted for a further 36%.

In terms of the main exporting countries, Turkey, with a CAGR of +12.6%, 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.

Medical Furniture Imports

Imports by Country

The United States represented the key importer of medical, surgical or veterinary furniture in the world, with the volume of imports recording X tons, which was near 31% of total imports in 2021. Germany (X tons) held a 6.9% share (based on physical terms) of total imports, which put it in second place, followed by the UK (5.6%). France (X tons), Canada (X tons), the Netherlands (X tons), Italy (X tons), Russia (X tons), Poland (X tons), Spain (X tons), Malaysia (X tons), Australia (X tons) and Saudi Arabia (X tons) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, Malaysia (+20.0%), Spain (+15.3%), Poland (+9.3%), the UK (+7.9%), Italy (+7.0%), the Netherlands (+5.4%), Germany (+4.2%) and Canada (+3.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +20.0% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Australia (-1.3%), Russia (-2.4%) and Saudi Arabia (-12.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported medical, surgical or veterinary furniture into Puerto Rico, comprising 25% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.6% share of global imports. It was followed by the UK, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +3.3%. In the other countries, the average annual rates were as follows: Germany (+6.8% per year) and the UK (+10.3% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for medical, surgical or veterinary furniture in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global consumption. Japan, France, Germany, Indonesia, Mexico, the UK, Iran, Canada and Thailand lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of medical, surgical or veterinary furniture in the world?

The country with the largest volume of medical furniture production was China, comprising approx. 39% of total volume. Moreover, medical furniture production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of medical, surgical or veterinary furniture to Puerto Rico?

In value terms, the United States constitutes the largest market for imported medical, surgical or veterinary furniture into Puerto Rico, comprising 25% of global imports. The second position in the ranking was occupied by Germany, with a 5.5% share of global imports. It was followed by the UK, with a 5.2% share.

What are the leading importers of medical, surgical or veterinary furniture from Puerto Rico?

In value terms, the largest medical furniture supplying countries from Puerto Rico were China, Germany and the United States, together comprising 49% of total exports. Poland, the Netherlands, the Czech Republic, Taiwan Chinese), Canada, France, Italy and the UK lagged somewhat behind, together accounting for a further 32%.

What is the average export price for medical, surgical or veterinary furniture in Puerto Rico?

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

What is the average import price for medical, surgical or veterinary furniture in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, stabilizing at the previous year.

This report provides an in-depth analysis of the medical furniture 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 32503050 - Medical, surgical or veterinary furniture, and parts thereof (excluding tables and seats specialised for X-ray purposes)

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