Report Update Nov 1, 2024

Puerto Rico - Suspension Systems - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Suspension System Market 2024

Suspension System Market Size in Puerto Rico

The Puerto Rican suspension system market reduced slightly to $X in 2021, waning by -2.4% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +2.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Suspension System Production in Puerto Rico

In value terms, suspension system production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +2.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 83% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Suspension System Exports

Exports by Country

China represented the major exporting country with an export of about X tons, which resulted at 31% of total exports. Germany (X tons) took the second position in the ranking, followed by Mexico (X tons), Poland (X tons), the Czech Republic (X tons) and Japan (X tons). All these countries together held approx. 34% share of total exports. The following exporters - Turkey (X tons), Spain (X tons), South Korea (X tons), France (X tons), Canada (X tons), the UK (X tons) and Slovakia (X tons) - together made up 20% of total exports.

Exports from China increased at an average annual rate of +8.3% from 2012 to 2021. At the same time, Turkey (+18.6%), the Czech Republic (+12.1%), Poland (+8.0%), Mexico (+7.3%), Slovakia (+3.9%), the UK (+2.6%) and France (+1.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.6% from 2012-2021. Germany and Spain experienced a relatively flat trend pattern. By contrast, Japan (-2.4%), South Korea (-4.1%) and Canada (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, the Czech Republic, Turkey, Poland and Mexico increased by +11, +2.7, +2.6, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest suspension system supplying countries from Puerto Rico were China ($X), Germany ($X) and Mexico ($X), with a combined 44% share of total exports. These countries were followed by Poland, Japan, Spain, Canada, South Korea, the Czech Republic, Slovakia, Turkey, France and the UK, which together accounted for a further 31%.

In terms of the main exporting countries, Turkey, with a CAGR of +14.5%, recorded 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.

Suspension System Imports

Imports by Country

In 2021, the United States (X tons) and Germany (X tons) represented the main importers of suspension systemsaround the world, together comprising 25% of total imports. Mexico (X tons) took a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Russia (6.1%) and Poland (4.6%). The following importers - Canada (X tons), China (X tons), the UK (X tons), Brazil (X tons), France (X tons), Spain (X tons), Slovakia (X tons) and the Czech Republic (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported suspension systems into Puerto Rico, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 9.8% share of global imports. It was followed by Mexico, with a 7.8% share.

In the United States, suspension system imports increased at an average annual rate of +4.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and Mexico (+3.5% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for suspension systems in the world?

China remains the largest suspension system consuming country worldwide, accounting for 23% of total volume. Moreover, suspension system 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 an 8.6% share.

What are the largest producers of suspension systems in the world?

China remains the largest suspension system producing country worldwide, accounting for 35% of total volume. Moreover, suspension system production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Japan, with a 6.7% share.

What are the leading suppliers of suspension systems to Puerto Rico?

In value terms, the United States constitutes the largest market for imported suspension systems into Puerto Rico, comprising 22% 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 an 8.1% share.

What are the leading importers of suspension systems from Puerto Rico?

In value terms, the largest suspension system supplying countries from Puerto Rico were Germany, China and the United States, with a combined 41% share of total exports. These countries were followed by Mexico, Poland, Japan, South Korea, Spain, Canada, the Czech Republic, Turkey, France and the UK, which together accounted for a further 42%.

What is the average export price for suspension systems in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to $less than 0.1 per ton, remaining stable against the previous year.

What is the average import price for suspension systems in Puerto Rico?

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

This report provides an in-depth analysis of the suspension system 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 29323050 - Suspension systems and parts thereof (including shock absorbers)

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