Puerto Rico: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Puerto Rico

After two years of decline, the Puerto Rican non-domestic dryer market increased by 13% to $X in 2021. Overall, consumption, however, recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Domestic Dryer Production in Puerto Rico

In value terms, non-domestic dryer production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Domestic Dryer Exports

Exports from Puerto Rico

Non-domestic dryer exports from Puerto Rico totaled less than X units in 2021, leveling off at the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, non-domestic dryer exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China represented the main exporter of non-domestic dryers in the world, with the volume of exports amounting to X units, which was approx. 43% of total exports in 2021. Germany (X units) held the second position in the ranking, followed by Italy (X units) and South Korea (X units). All these countries together held near 24% share of total exports. Turkey (X units), the Netherlands (X units), Spain (X units), Belgium (X units), Taiwan (Chinese) (X units), the UK (X units), the United States (X units), Japan (X units) and Denmark (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the non-domestic dryers exports, with a CAGR of +18.8% from 2012 to 2021. At the same time, South Korea (+10.4%), the UK (+7.4%), Turkey (+6.8%), the Netherlands (+5.1%) and Italy (+1.5%) displayed positive paces of growth. Spain and Denmark experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.0%), Germany (-2.8%), Belgium (-8.2%), Japan (-11.5%) and the United States (-13.1%) illustrated a downward trend over the same period. While the share of China (+30 p.p.) and South Korea (+2.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Italy (-1.8 p.p.), Belgium (-4.5 p.p.), Japan (-5.2 p.p.), the United States (-6.3 p.p.) and Germany (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, together comprising 47% of total exports. The United States, South Korea, the Netherlands, Japan, Denmark, Belgium, the UK, Taiwan (Chinese), Spain and Turkey lagged somewhat behind, together comprising a further 38%.

Among the main exporting countries, South Korea, with a CAGR of +15.2%, saw 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.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+12.9%), while the other leaders experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports into Puerto Rico

In 2021, approx. less than X units of non-domestic dryers were imported into Puerto Rico; remaining relatively unchanged against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, non-domestic dryer imports totaled less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

The United States (X units), China (X units), Indonesia (X units), France (X units), Nigeria (X units), Brazil (X units), India (X units), Turkey (X units), Russia (X units), Vietnam (X units), Spain (X units) and Germany (X units) represented roughly 50% of total imports in 2021. Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +13.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic dryer importing markets into Puerto Rico were China ($X), the United States ($X) and India ($X), together comprising 25% of total imports. Germany, Vietnam, France, Indonesia, Belgium, Russia, Spain, Brazil, Nigeria and Turkey lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Spain, with a CAGR of +11.7%, 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 thousand units in 2021, remaining constant against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per thousand units), while Indonesia ($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 China (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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