Report Update Nov 1, 2024

Puerto Rico - Table Flatware - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Table Flatware Market 2024

Table Flatware Market Size in Puerto Rico

The Puerto Rican table flatware market skyrocketed to $X in 2021, growing by 16% against the previous year. Overall, consumption, however, showed a mild descent. 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.

Table Flatware Production in Puerto Rico

In value terms, table flatware production surged to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Table Flatware Exports

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Vietnam (X tons), constituting a 5% share of total exports. India (X tons), the Netherlands (X tons) and Germany (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of table flatware. At the same time, the Netherlands (+7.6%), Vietnam (+5.7%) and Germany (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +7.6% from 2012-2021. By contrast, India (-3.1%) illustrated a downward trend over the same period. While the share of Vietnam (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest table flatware supplier from Puerto Rico, comprising 69% of global exports. The second position in the ranking was taken by Vietnam ($X), with a 6.4% share of global exports. It was followed by Germany, with a 4.3% share.

In China, table flatware exports increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+5.5% per year) and Germany (+2.2% per year).

Table Flatware Imports

Imports by Country

The United States represented the main importing country with an import of about X tons, which amounted to 29% of total imports. Indonesia (X tons), Germany (X tons), the Netherlands (X tons), France (X tons), the UK (X tons), the United Arab Emirates (X tons), Iraq (X tons), Brazil (X tons), Russia (X tons), Spain (X tons), Belgium (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +12.9% from 2012 to 2021. At the same time, Iraq (+19.8%), Indonesia (+8.4%), the Netherlands (+7.2%) and Belgium (+2.7%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +19.8% from 2012-2021. Spain, Russia, France and Germany experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.9%), Brazil (-2.0%), the UK (-2.8%) and Iran (-22.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Iraq and Indonesia increased by +17, +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported table flatware into Puerto Rico, comprising 24% of global imports. The second position in the ranking was held by Germany ($X), with a 7.1% share of global imports. It was followed by the Netherlands, with a 5% share.

In the United States, table flatware imports expanded at an average annual rate of +4.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and the Netherlands (+6.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for table flatware in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together comprising 50% of global consumption. These countries were followed by Russia, Bangladesh, Pakistan, Indonesia and Nigeria, which together accounted for a further 11%.

What are the largest producers of table flatware in the world?

The country with the largest volume of table flatware production was China, accounting for 40% of total volume. Moreover, table flatware production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6% share.

What are the leading suppliers of table flatware to Puerto Rico?

In value terms, the United States constitutes the largest market for imported table flatware into Puerto Rico, comprising 25% of global imports. The second position in the ranking was occupied by Germany, with a 7.2% share of global imports. It was followed by the Netherlands, with a 5% share.

What are the leading importers of table flatware from Puerto Rico?

In value terms, China remains the largest table flatware supplier from Puerto Rico, comprising 65% of global exports. The second position in the ranking was occupied by Germany, with a 5.3% share of global exports. It was followed by Vietnam, with a 4.8% share.

What is the average export price for table flatware in Puerto Rico?

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

What is the average import price for table flatware in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the table flatware 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 25711430 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of stainless steel or other base metal
Prodcom 25711480 - Table flatware (excluding table knives, including fish-knives and butter-knives) and similar tableware of base metal, silver- , gold- or platinum plated

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