Puerto Rico: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Puerto Rico

The Puerto Rican internal combustion engines market surged to $X in 2021, rising by 20% against the previous year. In general, consumption, however, showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Internal Combustion Engines Production in Puerto Rico

In value terms, internal combustion engines production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable setback. The growth pace was the most rapid in 2013 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Internal Combustion Engines Exports

Exports from Puerto Rico

In 2021, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Puerto Rico amounted to less than X units, approximately equating the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, internal combustion engines exports amounted to less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

The UK (X units), Germany (X units), Poland (X units), Thailand (X units), France (X units), the United States (X units), Italy (X units), Austria (X units), Hungary (X units), Spain (X units), Mexico (X units) and India (X units) represented roughly 85% of total exports in 2021. Japan (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +23.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines supplying countries from Puerto Rico were the United States ($X), Germany ($X) and Poland ($X), together comprising 41% of total exports. Austria, Italy, Thailand, the UK, Hungary, Mexico, France, Japan, Spain and India lagged somewhat behind, together accounting for a further 44%.

In terms of the main exporting countries, India, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of exports, 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 thousand units in 2021, approximately reflecting the previous year. In general, the export price recorded 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 ($X per thousand units), while India ($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 France (+5.2%), while the other leaders experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Puerto Rico

In 2021, the amount of motor vehicles compression-ignition internal combustion piston engines imported into Puerto Rico was estimated at less than X units, approximately reflecting the year before. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, internal combustion engines imports amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), Turkey (X units), Mexico (X units), the Czech Republic (X units), Thailand (X units) and France (X units) represented the key importers of motor vehicles compression-ignition internal combustion piston engines, together creating 62% of total imports. The following importers - Spain (X units), Russia (X units), Morocco (X units), Argentina (X units), Brazil (X units) and the UK (X units) - together made up 14% of total imports.

Imports into the United States increased at an average annual rate of +17.1% from 2012 to 2021. At the same time, Morocco (+18.0%), Thailand (+6.0%), Brazil (+5.4%), the Czech Republic (+5.3%), Argentina (+2.6%) and Mexico (+1.8%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in the world, with a CAGR of +18.0% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, Russia (-1.3%), France (-2.5%), Germany (-4.9%), Spain (-5.1%) and the UK (-18.4%) illustrated a downward trend over the same period. The United States (+18 p.p.), the Czech Republic (+2.3 p.p.), Thailand (+1.9 p.p.) and Morocco (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Spain, Germany and the UK saw its share reduced by -2.1%, -5.6% and -10.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of imports in 2021, together comprising 40% of total imports. These countries were followed by Turkey, Spain, the Czech Republic, France, Russia, Thailand, Brazil, Argentina, the UK and Morocco, which together accounted for a further 32%.

Morocco, with a CAGR of +10.0%, 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded 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 Mexico ($X per thousand units), while the United States ($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 Spain (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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