Puerto Rico: Stranded Wire Market 2025

Stranded Wire Market Size in Puerto Rico

In 2021, after two years of decline, there was growth in the Puerto Rican stranded wire market, when its value increased by 3.7% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Stranded Wire Production in Puerto Rico

In value terms, stranded wire production expanded to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 11%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Stranded Wire Exports

Exports from Puerto Rico

In 2021, the amount of stranded wire, ropes and cables exported from Puerto Rico totaled less than X kg, leveling off at 2020 figures. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, stranded wire exports totaled less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China was the largest exporting country with an export of around X tons, which finished at 33% of total exports. It was distantly followed by Turkey (X tons) and Vietnam (X tons), together committing a 15% share of total exports. The following exporters - South Korea (X tons), Thailand (X tons), India (X tons), Germany (X tons), Italy (X tons), Malaysia (X tons), Hungary (X tons), Portugal (X tons), Romania (X tons) and the United States (X tons) - together made up 29% of total exports.

From 2012 to 2021, average annual rates of growth with regard to stranded wire exports from China stood at +5.0%. At the same time, Vietnam (+21.6%), Turkey (+10.3%), Thailand (+5.6%), Hungary (+5.2%), Romania (+3.5%) and India (+3.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.6% from 2012-2021. Portugal and Germany experienced a relatively flat trend pattern. By contrast, Malaysia (-2.7%), Italy (-3.9%), South Korea (-4.1%) and the United States (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Vietnam and Turkey increased by +6.6, +5 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Turkey ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 41% of total exports. The United States, Vietnam, South Korea, India, Thailand, Italy, Romania, Hungary, Portugal and Malaysia lagged somewhat behind, together accounting for a further 30%.

In terms of the main exporting countries, Vietnam, with a CAGR of +18.1%, 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.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Overall, the export price showed 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 the United States ($X per ton), while Malaysia ($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 (+2.4%), while the other leaders experienced more modest paces of growth.

Stranded Wire Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of stranded wire, ropes and cables were imported into Puerto Rico; almost unchanged from the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, stranded wire 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 South Korea (X tons), Germany (X tons), India (X tons), Thailand (X tons), Japan (X tons), Canada (X tons), the Netherlands (X tons), Poland (X tons), France (X tons), Brazil (X tons), Spain (X tons) and Italy (X tons) represented the key importers of stranded wire, ropes and cables, together achieving 50% of total imports. South Korea (X tons), Germany (X tons), India (X tons), Thailand (X tons), Japan (X tons), Canada (X tons), the Netherlands (X tons), Poland (X tons), France (X tons), Brazil (X tons), Spain (X tons) and Italy (X tons) took a little share of total imports.

Imports into the United States increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, India (+13.6%), Thailand (+9.2%), Italy (+5.6%), Poland (+5.3%), South Korea (+4.0%), Japan (+2.7%) and Brazil (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +13.6% from 2012-2021. France, the Netherlands, Germany and Canada experienced a relatively flat trend pattern. By contrast, Spain (-4.3%) illustrated a downward trend over the same period. While the share of India (+2.6 p.p.) and Thailand (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Spain (-1.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 20% share of total imports. Canada, India, France, South Korea, Poland, the Netherlands, Japan, Thailand, Spain and Brazil lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, India, with a CAGR of +11.2%, 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.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, leveling off at 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 Italy ($X per ton), while South Korea ($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 (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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