Report Update Nov 1, 2024

Puerto Rico - Metal Complete and Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Puerto Rico

The Puerto Rican metal domestic furniture market rose notably to $X in 2021, with an increase of 5.9% against the previous year. In general, consumption saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Domestic Furniture Production in Puerto Rico

In value terms, metal domestic furniture production amounted to $X in 2021 estimated in export price. Overall, production showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Domestic Furniture Exports

Exports by Country

China prevails in exports structure, recording X tons, which was near 74% of total exports in 2021. Vietnam (X tons), Taiwan (Chinese) (X tons), Germany (X tons), Turkey (X tons), the United States (X tons) and Italy (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +5.3% from 2012 to 2021. At the same time, Turkey (+24.2%), Vietnam (+18.9%) and Taiwan (Chinese) (+3.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.2% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Italy (-2.9%) and the United States (-16.5%) illustrated a downward trend over the same period. China (+4.3 p.p.), Vietnam (+2 p.p.) and Turkey (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal domestic furniture supplier from Puerto Rico, comprising 60% of global exports. The second position in the ranking was taken by Germany ($X), with a 5.6% share of global exports. It was followed by Italy, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.9%. In the other countries, the average annual rates were as follows: Germany (+3.2% per year) and Italy (+4.2% per year).

Metal Domestic Furniture Imports

Imports by Country

The United States represented the key importing country with an import of about X tons, which recorded 41% of total imports. The UK (X tons) held a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by Germany (4.9%). The following importers - Japan (X tons), Canada (X tons), the Netherlands (X tons), France (X tons), Australia (X tons), South Korea (X tons) and Spain (X tons) - together made up 19% of total imports.

Imports into the United States increased at an average annual rate of +11.1% from 2012 to 2021. At the same time, South Korea (+13.7%), the UK (+6.8%), the Netherlands (+6.7%), Canada (+4.9%) and Japan (+4.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +13.7% from 2012-2021. Germany, Spain and Australia experienced a relatively flat trend pattern. By contrast, France (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported metal furniture into Puerto Rico, comprising 28% of global imports. The second position in the ranking was held by Germany ($X), with an 8.1% share of global imports. It was followed by the UK, with a 5% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and the UK (+9.5% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for metal furniture in the world?

The country with the largest volume of metal domestic furniture consumption was the United States, accounting for 30% of total volume. Moreover, metal domestic furniture consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 6% share.

What are the largest producers of metal furniture in the world?

China remains the largest metal domestic furniture producing country worldwide, accounting for 53% of total volume. Moreover, metal domestic furniture production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Bangladesh ranked third in terms of total production with a 3.5% share.

What are the leading suppliers of metal furniture to Puerto Rico?

In value terms, the United States constitutes the largest market for imported metal furniture into Puerto Rico, comprising 28% of global imports. The second position in the ranking was occupied by Germany, with an 8.1% share of global imports. It was followed by the UK, with a 5% share.

What are the leading importers of metal furniture from Puerto Rico?

In value terms, China remains the largest metal domestic furniture supplier from Puerto Rico, comprising 60% of global exports. The second position in the ranking was occupied by Germany, with a 5.6% share of global exports. It was followed by Vietnam, with a 3.5% share.

What is the average export price for metal furniture in Puerto Rico?

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

What is the average import price for metal furniture in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the metal domestic 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers

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