Report Update Nov 1, 2024

Puerto Rico - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Silicone Market 2024

Silicone Market Size in Puerto Rico

In 2021, the Puerto Rican silicone market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed buoyant growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Silicone Production in Puerto Rico

In value terms, silicone production totaled $X in 2021 estimated in export price. Overall, production recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 74%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silicone Exports

Exports from Puerto Rico

In 2021, the amount of silicones (in primary forms) exported from Puerto Rico totaled less than X kg, approximately mirroring the year before. In general, exports saw a relatively flat trend pattern.

In value terms, silicone exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons) represented the major exporter of silicones (in primary forms), mixing up 28% of total exports. The United States (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the UK (8.8%), Belgium (7.7%), Japan (7%), France (6.3%), Thailand (6.2%) and the Netherlands (5.5%).

China was also the fastest-growing in terms of the silicones (in primary forms) exports, with a CAGR of +16.3% from 2012 to 2021. At the same time, Thailand (+6.8%) and Japan (+2.1%) displayed positive paces of growth. The United States, France, Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, the UK (-2.5%) illustrated a downward trend over the same period. While the share of China (+17 p.p.) and France (+6.3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Japan (-1.6 p.p.), the Netherlands (-3 p.p.), Belgium (-3.7 p.p.), the United States (-4.6 p.p.) and the UK (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

China, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of exports, among 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 ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($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 Netherlands (+3.5%), while the other leaders experienced more modest paces of growth.

Silicone Imports

Imports into Puerto Rico

Silicone imports into Puerto Rico totaled less than X kg in 2021, approximately reflecting 2020. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, silicone imports totaled less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

The purchases of the twelve major importers of silicones (in primary forms), namely Belgium, China, South Korea, the United States, the Netherlands, Germany, India, Italy, Vietnam, the UK, France and Turkey, represented more than half of total import. Spain (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, with a combined 24% share of total imports. These countries were followed by the Netherlands, South Korea, Germany, Italy, the UK, France, India, Vietnam, Turkey and Spain, which together accounted for a further 40%.

Vietnam, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Overall, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silicones (in primary forms) in the world?

The countries with the highest volumes of in 2021 were Germany, China and the United States, with a combined 36% share of global consumption. These countries were followed by South Korea, India, Japan, Turkey, the UK, Indonesia, Brazil, Mexico, Belgium and Italy, which together accounted for a further 39%.

What are the largest producers of silicones (in primary forms) in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, with a combined 51% share of global production. Japan, South Korea, India, the UK, Turkey, Indonesia, Thailand, Brazil, Mexico and Ecuador lagged somewhat behind, together accounting for a further 38%.

What are the leading suppliers of silicones (in primary forms) to Puerto Rico?

In value terms, the largest silicone importing markets into Puerto Rico were China, the United States and Belgium, with a combined 25% share of total imports. The Netherlands, Germany, South Korea, Italy, the UK, France, India, Turkey, Spain and Brazil lagged somewhat behind, together comprising a further 40%.

What are the leading importers of silicones (in primary forms) from Puerto Rico?

In value terms, the United States, China and Japan appeared to be the countries with the highest levels of exports in 2021, together accounting for 44% of total exports.

What is the average export price for silicones (in primary forms) in Puerto Rico?

The export price in Puerto Rico stood at $less than 0.1 per ton in 2021, almost unchanged from the previous year.

What is the average import price for silicones (in primary forms) in Puerto Rico?

The import price in Puerto Rico stood at $less than 0.1 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the silicone 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 20165700 - Silicones, in primary forms

Country coverage:

Puerto Rico

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023