Report Update Jan 1, 2025

Puerto Rico - Steering Wheels, Steering Columns and Steering Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Puerto Rico

In 2021, the Puerto Rican steering wheels and columns market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a noticeable slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Steering Wheels, Steering Columns And Steering Boxes in Puerto Rico

In value terms, steering wheels and columns production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 51%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports by Country

In 2021, China (X tons), distantly followed by Germany (X tons), Mexico (X tons), South Korea (X tons), France (X tons), Poland (X tons) and Japan (X tons) were the main exporters of steering wheels, steering columns and steering boxes, together mixing up 68% of total exports. Thailand (X tons), the Czech Republic (X tons), Hungary (X tons), Switzerland (X tons), Romania (X tons) and Spain (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the steering wheels, steering columns and steering boxes exports, with a CAGR of +9.3% from 2012 to 2021. At the same time, Hungary (+6.3%), Poland (+4.8%), Romania (+4.2%), Mexico (+4.2%), Spain (+3.3%) and the Czech Republic (+2.6%) displayed positive paces of growth. Thailand and South Korea experienced a relatively flat trend pattern. By contrast, Germany (-2.1%), France (-2.6%), Japan (-3.0%) and Switzerland (-4.3%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) and Mexico (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Switzerland (-1.5 p.p.), Japan (-2.6 p.p.), France (-2.7 p.p.) and Germany (-4 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 Mexico ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 39% of total exports.

Among the main exporting countries, China, with a CAGR of +8.8%, 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.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports by Country

In 2021, the United States (X tons), Germany (X tons), Mexico (X tons), China (X tons), France (X tons), Poland (X tons), Canada (X tons), Russia (X tons), Spain (X tons), the Czech Republic (X tons), Brazil (X tons) and Turkey (X tons) represented the main importer of steering wheels, steering columns and steering boxes in the world, mixing up 68% of total import. Hungary (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported steering wheels, steering columns and steering boxes into Puerto Rico, comprising 20% of global imports. The second position in the ranking was held by Germany ($X), with a 9.8% share of global imports. It was followed by Mexico, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and Mexico (+3.7% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steering wheels, steering columns and steering boxes in the world?

China constituted the country with the largest volume of steering wheels and columns consumption, comprising approx. 30% of total volume. Moreover, steering wheels and columns consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 10% share.

What are the largest producers of steering wheels, steering columns and steering boxes in the world?

The country with the largest volume of steering wheels and columns production was China, accounting for 30% of total volume. Moreover, steering wheels and columns production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with an 11% share.

What are the leading suppliers of steering wheels, steering columns and steering boxes to Puerto Rico?

In value terms, the United States constitutes the largest market for imported steering wheels, steering columns and steering boxes into Puerto Rico, comprising 21% of global imports. The second position in the ranking was occupied by Germany, with a 10% share of global imports. It was followed by Mexico, with a 9.3% share.

What are the leading importers of steering wheels, steering columns and steering boxes from Puerto Rico?

In value terms, Germany, Mexico and the United States appeared to be the countries with the highest levels of exports in 2021, with a combined 40% share of total exports. South Korea, Poland, Japan, France, Romania, Hungary, the Czech Republic, Thailand, China and Switzerland lagged somewhat behind, together accounting for a further 44%.

What is the average export price for steering wheels, steering columns and steering boxes in Puerto Rico?

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

What is the average import price for steering wheels, steering columns and steering boxes in Puerto Rico?

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

This report provides an in-depth analysis of the market for steering wheels and columns 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 29323067 - Steering wheels, steering columns and steering boxes, parts thereof

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024