Puerto Rico: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Puerto Rico

The Puerto Rican plastic shutters and blinds market surged to $X in 2021, picking up by 22% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 -15.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Shutters And Blinds in Puerto Rico

In value terms, plastic shutters and blinds production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 -16.3% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 66%. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Plastic Shutters And Blinds

Exports from Puerto Rico

In 2021, the amount of plastic shutters and blinds exported from Puerto Rico amounted to less than X units, approximately mirroring the previous year. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, plastic shutters and blinds exports totaled less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X units) was the major exporter of plastic shutters and blinds, creating 47% of total exports. Mexico (X units) took the second position in the ranking, followed by Cambodia (X units) and Belgium (X units). All these countries together took near 25% share of total exports. Taiwan (Chinese) (X units), the United States (X units), Vietnam (X units), Germany (X units), Poland (X units), Turkey (X units) and Spain (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -5.6% from 2012 to 2021. At the same time, Cambodia (+55.6%), Vietnam (+27.2%), Turkey (+23.7%), Poland (+11.1%), Mexico (+8.6%), the United States (+8.5%), Belgium (+7.5%) and Taiwan (Chinese) (+4.5%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in the world, with a CAGR of +55.6% from 2012-2021. By contrast, Germany (-1.1%) and Spain (-2.3%) illustrated a downward trend over the same period. While the share of Cambodia (+9.7 p.p.), Mexico (+5.8 p.p.), Vietnam (+3.1 p.p.), Belgium (+2.3 p.p.), the United States (+2 p.p.) and Turkey (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-27.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Cambodia ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 50% of total exports.

Among the main exporting countries, Cambodia, with a CAGR of +70.4%, recorded the highest rates of growth with regard to 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, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per thousand units), while China ($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 Cambodia (+9.5%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Puerto Rico

In 2021, approx. less than X units of plastic shutters and blinds were imported into Puerto Rico; approximately reflecting the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, plastic shutters and blinds imports amounted to less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

The United States prevails in imports structure, amounting to X units, which was approx. 54% of total imports in 2021. It was distantly followed by the UK (X units), achieving a 9.8% share of total imports. Australia (X units), France (X units), the Netherlands (X units), Canada (X units), Hungary (X units), Russia (X units) and Germany (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic shutters and blinds imports into the United States stood at +9.8%. At the same time, Hungary (+23.3%), the UK (+18.6%) and the Netherlands (+5.2%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the world, with a CAGR of +23.3% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Australia (-1.2%), Germany (-1.2%), Canada (-2.3%) and Russia (-8.2%) illustrated a downward trend over the same period. The United States (+14 p.p.) and the UK (+6.2 p.p.) significantly strengthened its position in terms of the global imports, while France, Canada, Russia and Australia saw its share reduced by -1.6%, -1.7%, -2% and -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported plastic shutters and blinds into Puerto Rico, comprising 42% of global imports. The second position in the ranking was taken by the UK ($X), with a 6.9% share of global imports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +4.9%. In the other countries, the average annual rates were as follows: the UK (+16.2% per year) and the Netherlands (+17.2% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, flattening at the previous year. In general, the import price recorded a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per thousand units), while Hungary ($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 (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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