Puerto Rico: Hand Stamp Market 2022

Hand Stamp Market Size in Puerto Rico

The Puerto Rican hand stamp market soared to $X in 2021, growing by 26% against the previous year. In general, the total consumption indicated a measured expansion 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 decreased by -17.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Hand Stamp Production in Puerto Rico

In value terms, hand stamp production soared to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 -17.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 79% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Hand Stamp Exports

Exports by Country

China represented the largest exporter of stamps for use in the hand in the world, with the volume of exports accounting for X units, which was approx. 49% of total exports in 2021. Taiwan (Chinese) (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by the United States (10%) and the Netherlands (6%). The following exporters - Italy (X units), Austria (X units), Vietnam (X units), the UK (X units), South Korea (X units), Hong Kong SAR (X units), Japan (X units), Germany (X units) and the Czech Republic (X units) - together made up 14% of total exports.

From 2012 to 2021, average annual rates of growth with regard to hand stamp exports from China stood at -2.6%. At the same time, Italy (+5.3%) and the United States (+4.8%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.3% from 2012-2021. The UK, Vietnam and South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.8%), Japan (-6.0%), the Netherlands (-9.4%), Germany (-18.7%), the Czech Republic (-18.8%), Austria (-21.9%) and Hong Kong SAR (-26.6%) illustrated a downward trend over the same period. While the share of China (+9.5 p.p.), the United States (+6 p.p.), Italy (+2.1 p.p.) and Taiwan (Chinese) (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Hong Kong SAR (-3.1 p.p.), the Netherlands (-3.3 p.p.) and Austria (-15.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Austria ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 54% share of total exports. These countries were followed by the Netherlands, Germany, the United States, Italy, the Czech Republic, Japan, Vietnam, the UK, South Korea and Hong Kong SAR, which together accounted for a further 32%.

Italy, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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 thousand units in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 the Czech Republic (+29.5%), while the other leaders experienced more modest paces of growth.

Hand Stamp Imports

Imports by Country

The United States represented the largest importer of stamps for use in the hand in the world, with the volume of imports accounting for X units, which was near 27% of total imports in 2021. Germany (X units) ranks second in terms of the total imports with a 9.4% share, followed by the Netherlands (7%). The following importers - France (X units), the UK (X units), Japan (X units), South Korea (X units), Brazil (X units), Spain (X units), Australia (X units), Indonesia (X units), Hong Kong SAR (X units) and Canada (X units) - together made up 25% of total imports.

From 2012 to 2021, average annual rates of growth with regard to hand stamp imports into the United States stood at +8.4%. At the same time, the Netherlands (+11.5%), South Korea (+6.4%), Germany (+6.0%), Spain (+5.2%), Indonesia (+3.6%) and France (+2.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +11.5% from 2012-2021. By contrast, the UK (-2.9%), Australia (-3.6%), Japan (-3.8%), Brazil (-3.9%), Canada (-6.3%) and Hong Kong SAR (-16.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, the Netherlands and Germany increased by +13, +4.2 and +3.5 percentage points, respectively. Canada (-1.6 p.p.) and Hong Kong SAR (-7.5 p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2021, together comprising 33% of total imports. These countries were followed by the Netherlands, Japan, the UK, Australia, Canada, Spain, South Korea, Brazil, Hong Kong SAR and Indonesia, which together accounted for a further 23%.

In terms of the main importing countries, South Korea, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of imports, 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 thousand units in 2021, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per thousand units), while Indonesia ($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 Hong Kong SAR (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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