Puerto Rico: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Puerto Rico

The Puerto Rican wood milling machine market declined to $X in 2021, almost unchanged from the previous year. Overall, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Milling Machine Production in Puerto Rico

In value terms, wood milling machine production stood at $X in 2021 estimated in export price. In general, production showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 15%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Milling Machine Exports

Exports from Puerto Rico

In 2021, exports of planing, milling or moulding machines from Puerto Rico totaled less than X units, remaining relatively unchanged against the year before. Overall, exports showed a relatively flat trend pattern.

In value terms, wood milling machine exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, China (X units) represented the main exporter of planing, milling or moulding machines, mixing up 57% of total exports. It was distantly followed by Taiwan (Chinese) (X units) and the Netherlands (X units), together achieving a 27% share of total exports. Germany (X units), the UK (X units) and Belgium (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood milling machine exports from China stood at +8.3%. At the same time, Germany (+17.0%), the UK (+13.6%), the Netherlands (+11.4%) and Belgium (+6.5%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.0% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2021, the share of China, Germany and the Netherlands increased by +9.4, +2.5 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 65% share of total exports. The Netherlands, Belgium and the UK lagged somewhat behind, together comprising a further 3.8%.

The Netherlands, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, remaining constant against the previous year. Overall, the export price saw 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 Germany ($X per thousand units), while the UK ($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 Netherlands (+7.2%), while the other leaders experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Puerto Rico

Wood milling machine imports into Puerto Rico amounted to less than X units in 2021, approximately mirroring 2020 figures. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, wood milling machine imports stood at less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units) represented the major importer of planing, milling or moulding machines, achieving 26% of total imports. Germany (X units) took the second position in the ranking, followed by the Netherlands (X units), Thailand (X units) and India (X units). All these countries together took approx. 23% share of total imports. Belgium (X units), Canada (X units), South Africa (X units), the UK (X units), Qatar (X units), Austria (X units), France (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wood milling machine imports into the United States stood at +11.3%. At the same time, Germany (+23.6%), South Africa (+18.9%), India (+18.7%), Austria (+17.8%), Belgium (+17.3%), France (+13.0%), Thailand (+11.7%), the Netherlands (+9.8%) and Canada (+2.8%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of +23.6% from 2012-2021. By contrast, the UK (-2.0%), Russia (-5.3%) and Qatar (-7.8%) illustrated a downward trend over the same period. The United States (+7.2 p.p.), Germany (+5.1 p.p.), India (+2.7 p.p.), Belgium (+2.4 p.p.), South Africa (+2.2 p.p.), Austria (+1.6 p.p.) and Thailand (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Canada, the UK, Russia and Qatar saw its share reduced by -1.8%, -4.3%, -5.7% and -9.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported planing, milling or moulding machines into Puerto Rico, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.5% share of global imports. It was followed by Russia, with a 5.5% share.

In the United States, wood milling machine imports increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+11.0% per year) and Russia (-4.8% per year).

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.

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 Russia ($X per thousand units), while Qatar ($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 Netherlands (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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