Puerto Rico: Market for Paper Trays, Dishes, Plates And Cups 2024

Market Size for Paper Trays, Dishes, Plates And Cups in Puerto Rico

The Puerto Rican paper dishes and cups market expanded modestly to $X in 2021, with an increase of 3.8% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2019 indices. Puerto Rico consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Paper Trays, Dishes, Plates And Cups in Puerto Rico

In value terms, paper dishes and cups production rose to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 75%. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Paper Trays, Dishes, Plates And Cups

Exports from Puerto Rico

In 2021, the amount of paper trays, dishes, plates and cups exported from Puerto Rico stood at less than X kg, remaining stable against 2020 figures. In general, exports recorded a relatively flat trend pattern.

In value terms, paper dishes and cups exports stood at less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 53% of total exports in 2021. The United States (X tons) took a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by Italy (5.3%). Turkey (X tons), Taiwan (Chinese) (X tons), Germany (X tons), Poland (X tons), India (X tons), Spain (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to paper dishes and cups exports from China stood at +15.3%. At the same time, India (+28.7%), Turkey (+23.4%), Spain (+12.5%), Poland (+8.1%), Taiwan (Chinese) (+6.8%) and Germany (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.7% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, the United States (-4.1%) and the UK (-7.8%) illustrated a downward trend over the same period. While the share of China (+23 p.p.), Turkey (+2.5 p.p.) and India (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-2 p.p.), the UK (-2.8 p.p.), Italy (-5.3 p.p.) and the United States (-11.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest paper dishes and cups supplier from Puerto Rico, comprising 49% of global exports. The second position in the ranking was taken by Italy ($X), with an 8.3% share of global exports. It was followed by the United States, with a 6.4% share.

In China, paper dishes and cups exports increased at an average annual rate of +17.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+1.3% per year) and the United States (-1.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Paper Trays, Dishes, Plates And Cups

Imports into Puerto Rico

Paper dishes and cups imports into Puerto Rico stood at less than X kg in 2021, remaining relatively unchanged against 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, paper dishes and cups imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by the UK (X tons), France (X tons), Canada (X tons) and Germany (X tons) represented the largest importers of paper trays, dishes, plates and cups, together making up 41% of total imports. The following importers - Australia (X tons), the Netherlands (X tons), Japan (X tons), Saudi Arabia (X tons), Italy (X tons), Spain (X tons), Mexico (X tons) and Belgium (X tons) - together made up 23% of total imports.

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

In value terms, the largest paper dishes and cups importing markets into Puerto Rico were the United States ($X), France ($X) and Germany ($X), together comprising 26% of total imports. These countries were followed by the UK, Canada, Australia, the Netherlands, Japan, Italy, Spain, Mexico, Belgium and Saudi Arabia, which together accounted for a further 37%.

Among the main importing countries, Italy, with a CAGR of +17.3%, saw the highest growth rate of 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, standing approx. at the previous year. Overall, 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 Germany ($X per ton), while Saudi Arabia ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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