
Puerto Rico - Relays - Market Analysis, Forecast, Size, Trends and Insights
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Relay Market Size in Puerto Rico
After three years of decline, the Puerto Rican relay market increased by 26% to $X in 2021. Over the period under review, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.
Relay Production in Puerto Rico
In value terms, relay production surged to $X in 2021 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 87%. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.
Relay Exports
Exports by Country
China was the major exporting country with an export of about X tons, which accounted for 29% of total exports. It was distantly followed by Germany (X tons), France (X tons) and Japan (X tons), together making up a 21% share of total exports. The following exporters - Hong Kong SAR (X tons), the Czech Republic (X tons), Mexico (X tons), Indonesia (X tons), Portugal (X tons), the Netherlands (X tons), Spain (X tons), South Korea (X tons) and Thailand (X tons) - together made up 26% of total exports.
From 2012 to 2021, average annual rates of growth with regard to relay exports from China stood at +7.0%. At the same time, Indonesia (+16.9%), the Czech Republic (+8.3%), South Korea (+7.3%), Thailand (+4.4%), Spain (+2.0%), Japan (+1.6%), Germany (+1.4%) and France (+1.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.9% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, Mexico (-1.4%), Portugal (-2.6%) and Hong Kong SAR (-2.9%) illustrated a downward trend over the same period. China (+10 p.p.), Indonesia (+2.1 p.p.) and the Czech Republic (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by -2.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 39% of total exports. France, Hong Kong SAR, the Czech Republic, Spain, the Netherlands, Portugal, Mexico, South Korea, Thailand and Indonesia lagged somewhat behind, together accounting for a further 29%.
Among the main exporting countries, Indonesia, with a CAGR of +11.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Relay Imports
Imports by Country
In 2021, Mexico (X tons), distantly followed by the United States (X tons), Germany (X tons), China (X tons) and Hungary (X tons) represented the key importers of relays, together comprising 41% of total imports. Hong Kong SAR (X tons), the Czech Republic (X tons), Russia (X tons), Italy (X tons), South Korea (X tons), Turkey (X tons), France (X tons) and the Netherlands (X tons) took a minor share of total imports.
From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest relay importing markets into Puerto Rico were Germany ($X), the United States ($X) and China ($X), with a combined 29% share of total imports. Mexico, Hong Kong SAR, Italy, the Netherlands, South Korea, the Czech Republic, France, Turkey, Russia and Hungary lagged somewhat behind, together accounting for a further 30%.
In terms of the main importing countries, the Czech Republic, with a CAGR of +9.6%, 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.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the relay market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
- Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
- Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Puerto Rico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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