Puerto Rico: Pump For Liquid Market 2024

Pump For Liquid Market Size in Puerto Rico

The Puerto Rican pump for liquid market skyrocketed to $X in 2021, rising by 19% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% 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 -13.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Pump For Liquid Production in Puerto Rico

In value terms, pump for liquid production soared to $X in 2021 estimated in export price. In general, production recorded a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 82% against the previous year. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pump For Liquid Exports

Exports from Puerto Rico

In 2021, the amount of pumps for liquids and liquid elevators exported from Puerto Rico amounted to less than X units, leveling off at the year before. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, pump for liquid exports totaled less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 68% of total exports in 2021. Mexico (X units) took an 8.8% share (based on physical terms) of total exports, which put it in second place, followed by Germany (5%). Italy (X units), Japan (X units), Thailand (X units) and South Korea (X units) took a little share of total exports.

China was also the fastest-growing in terms of the pumps for liquids and liquid elevators exports, with a CAGR of +15.2% from 2012 to 2021. At the same time, Thailand (+14.4%) and Italy (+9.3%) displayed positive paces of growth. Mexico, Japan and Germany experienced a relatively flat trend pattern. By contrast, South Korea (-1.2%) illustrated a downward trend over the same period. While the share of China (+24 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Korea (-1.6 p.p.), Japan (-2.2 p.p.), Germany (-6.3 p.p.) and Mexico (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 39% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +7.8%, 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, approximately reflecting the previous year. Overall, the export price recorded 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 ($X per thousand units), while China ($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 South Korea (+4.5%), while the other leaders experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Puerto Rico

Pump for liquid imports into Puerto Rico totaled less than X units in 2021, flattening at the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, pump for liquid imports totaled less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units) represented the key importer of pumps for liquids and liquid elevators, committing 27% of total imports. It was distantly followed by Mexico (X units), Thailand (X units) and Germany (X units), together comprising a 19% share of total imports. Turkey (X units), the UK (X units), Canada (X units), Indonesia (X units), Hungary (X units), Japan (X units), South Korea (X units), Colombia (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid imports into the United States stood at +24.9%. At the same time, Colombia (+28.8%), Hungary (+28.2%), Mexico (+20.4%), Thailand (+17.1%), Turkey (+11.5%), Canada (+10.6%), South Korea (+7.1%), France (+6.5%), Germany (+3.3%), Indonesia (+3.1%), Japan (+3.0%) and the UK (+2.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in the world, with a CAGR of +28.8% from 2012-2021. From 2012 to 2021, the share of the United States, Mexico, Thailand, Hungary and Colombia increased by +18, +3.9, +2.5, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported pumps for liquids and liquid elevators into Puerto Rico, comprising 15% of global imports. The second position in the ranking was held by Germany ($X), with a 7% share of global imports. It was followed by Mexico, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Mexico (+1.5% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, remaining stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per thousand units), while Colombia ($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 Japan (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform