Puerto Rico: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Puerto Rico

The Puerto Rican narrow woven fabric market fell to $X in 2021, which is down by -5.6% against the previous year. In general, consumption recorded a noticeable slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Narrow Woven Fabric Production in Puerto Rico

In value terms, narrow woven fabric production shrank to $X in 2021 estimated in export price. In general, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 59% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Narrow Woven Fabric Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of narrow woven fabrics were exported from Puerto Rico; flattening at the previous year. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, narrow woven fabric exports totaled less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

China was the main exporting country with an export of around X tons, which resulted at 48% of total exports. The United States (X tons) ranks second in terms of the total exports with a 5.3% share, followed by Germany (4.5%) and Taiwan (Chinese) (4.5%). The following exporters - Hong Kong SAR (X tons), South Korea (X tons), Turkey (X tons), India (X tons), Canada (X tons), Italy (X tons) and the Philippines (X tons) - together made up 17% of total exports.

Exports from China increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Turkey (+9.6%), Canada (+8.3%), India (+6.0%), Germany (+4.5%), the Philippines (+3.7%) and Italy (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.6% from 2012-2021. By contrast, Taiwan (Chinese) (-1.0%), Hong Kong SAR (-1.9%), South Korea (-2.2%) and the United States (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest narrow woven fabric supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of global exports. It was followed by Germany, with a 5.9% share.

In China, narrow woven fabric exports expanded at an average annual rate of +7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+1.4% per year) and Germany (+2.1% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, leveling off at 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 Hong Kong SAR ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.3%), while the other leaders experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Puerto Rico

In 2021, the amount of narrow woven fabrics imported into Puerto Rico was estimated at less than X kg, remaining constant against the previous year's figure. In general, imports saw a relatively flat trend pattern.

In value terms, narrow woven fabric imports amounted to less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Bangladesh (X tons), India (X tons) and Vietnam (X tons) represented the largest importers of narrow woven fabrics, together generating 23% of total imports. Hong Kong SAR (X tons), Myanmar (X tons), Mexico (X tons), Indonesia (X tons), Canada (X tons), Russia (X tons), Cambodia (X tons), Germany (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest narrow woven fabric importing markets into Puerto Rico were Vietnam ($X), the United States ($X) and Hong Kong SAR ($X), with a combined 23% share of total imports. These countries were followed by Bangladesh, Mexico, Indonesia, Cambodia, India, Germany, Poland, Russia, Canada and Myanmar, which together accounted for a further 28%.

In terms of the main importing countries, Myanmar, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, 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 ton in 2021, stabilizing at the previous year. In general, 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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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