Puerto Rico: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Puerto Rico

The Puerto Rican textile rubber hose market contracted to $X in 2021, which is down by -6% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 increased by +6.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Textile Rubber Hose Production in Puerto Rico

In value terms, textile rubber hose production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 30%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Textile Rubber Hose Exports

Exports from Puerto Rico

In 2021, exports of rubber hose reinforced with textiles from Puerto Rico stood at less than X kg, standing approx. at 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, textile rubber hose exports totaled less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China (X tons) and the United States (X tons) represented roughly 27% of total exports in 2021. It was distantly followed by Turkey (X tons), Mexico (X tons), Germany (X tons), Malaysia (X tons), the Czech Republic (X tons) and Thailand (X tons), together making up a 38% share of total exports. Japan (X tons), Russia (X tons), Italy (X tons), India (X tons) and Spain (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest textile rubber hose supplying countries from Puerto Rico were Germany ($X), the United States ($X) and Japan ($X), together accounting for 36% of total exports. These countries were followed by China, Mexico, Turkey, Thailand, the Czech Republic, Italy, India, Malaysia, Spain and Russia, which together accounted for a further 41%.

In terms of the main exporting countries, India, with a CAGR of +15.8%, saw 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 ton, approximately mirroring the previous year. In general, the export price continues to indicate 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 ($X per ton), while Russia ($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 (+5.8%), while the other leaders experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of rubber hose reinforced with textiles were imported into Puerto Rico; almost unchanged from the year before. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, textile rubber hose imports stood at less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Mexico (X tons) and Germany (X tons) represented the largest importers of rubber hose reinforced with textiles, together committing 41% of total imports. The following importers - Russia (X tons), China (X tons), Italy (X tons), the Netherlands (X tons), Canada (X tons), the Czech Republic (X tons), Japan (X tons), Spain (X tons), Brazil (X tons) and France (X tons) - together made up 26% of total imports.

The United States was also the fastest-growing in terms of the rubber hose reinforced with textiles imports, with a CAGR of +6.3% from 2012 to 2021. At the same time, the Netherlands (+4.5%), Italy (+3.5%), China (+2.2%) and Brazil (+1.7%) displayed positive paces of growth. The Czech Republic and France experienced a relatively flat trend pattern. By contrast, Russia (-1.7%), Mexico (-2.1%), Japan (-2.2%), Spain (-2.3%), Germany (-2.4%) and Canada (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported rubber hose reinforced with textiles into Puerto Rico, comprising 18% of global imports. The second position in the ranking was held by Mexico ($X), with an 8.1% share of global imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +4.0%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+1.6% per year) and Germany (-4.6% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from 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 China ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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