Puerto Rico: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Puerto Rico

The Puerto Rican metal frame non-upholstered seat market declined to $X in 2021, shrinking by -12% against the previous year. In general, consumption recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Non-Upholstered Seats With Metal Frames in Puerto Rico

In value terms, metal frame non-upholstered seat production declined to $X in 2021 estimated in export price. Overall, production saw a slight decrease. The growth pace was the most rapid in 2018 when the production volume increased by 64% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Puerto Rico

Metal frame non-upholstered seat exports from Puerto Rico amounted to less than X units in 2021, approximately mirroring 2020. In general, exports saw a relatively flat trend pattern.

In value terms, metal frame non-upholstered seat exports stood at less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 83% of total exports in 2021. The following exporters - the Netherlands (X units), Vietnam (X units), Germany (X units) and Italy (X units) - together made up 6.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal frame non-upholstered seat exports from China stood at +4.2%. At the same time, Vietnam (+16.1%), the Netherlands (+12.1%) and Germany (+3.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.1% from 2012-2021. By contrast, Italy (-4.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China decreased by -2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal frame non-upholstered seat supplier from Puerto Rico, comprising 63% of global exports. The second position in the ranking was held by Vietnam ($X), with a 5.7% share of global exports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +3.7%. In the other countries, the average annual rates were as follows: Vietnam (+14.8% per year) and the Netherlands (+10.5% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, standing approx. at the previous year. Over the period under review, the export price continues to indicate 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 Italy ($X per thousand units), while China ($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 Italy (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Puerto Rico

In 2021, imports of non-upholstered seats with metal frames into Puerto Rico was estimated at less than X units, remaining stable against the previous year's figure. In general, imports recorded a relatively flat trend pattern.

In value terms, metal frame non-upholstered seat imports totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

The United States was the largest importing country with an import of about X units, which finished at 35% of total imports. Germany (X units) held an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (5.1%) and France (4.6%). The UK (X units), Canada (X units), Japan (X units), Poland (X units), Belgium (X units), Spain (X units), South Korea (X units), Italy (X units) and Australia (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal frame non-upholstered seat imports into the United States stood at +5.7%. At the same time, Poland (+21.5%), South Korea (+17.1%), the UK (+11.4%), the Netherlands (+7.7%), Spain (+6.3%), Germany (+5.8%), Belgium (+4.9%), France (+4.8%), Canada (+4.8%), Italy (+4.6%), Japan (+2.1%) and Australia (+1.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +21.5% from 2012-2021. While the share of the United States (+1.8 p.p.), Poland (+1.8 p.p.) and the UK (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported non-upholstered seats with metal frames into Puerto Rico, comprising 35% of global imports. The second position in the ranking was taken by Germany ($X), with a 9% share of global imports. It was followed by the Netherlands, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +4.8%. In the other countries, the average annual rates were as follows: Germany (+6.4% per year) and the Netherlands (+8.4% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately equating the previous year. Overall, the import price showed 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 Australia ($X per thousand units), while Japan ($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 Australia (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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