Puerto Rico: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Puerto Rico

The Puerto Rican non-cotton terry towelling market amounted to less than $X in 2021, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern.

Non-Cotton Terry Towelling Exports

Exports from Puerto Rico

In 2021, approx. less than X square meters of terry towelling (excluding of cotton) were exported from Puerto Rico; approximately equating 2020 figures. Overall, exports saw a relatively flat trend pattern.

In value terms, non-cotton terry towelling exports totaled less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

China dominates exports structure, resulting at X square meters, which was near 68% of total exports in 2021. Taiwan (Chinese) (X square meters) held the second position in the ranking, followed by Turkey (X square meters). All these countries together held near 16% share of total exports. The following exporters - South Korea (X square meters), Pakistan (X square meters), Germany (X square meters) and India (X square meters) - together made up 4.7% of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-cotton terry towelling exports from China stood at +11.4%. At the same time, Taiwan (Chinese) (+18.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.9% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, South Korea (-15.3%), Pakistan (-17.9%), India (-25.5%) and Germany (-32.8%) illustrated a downward trend over the same period. China (+33 p.p.) and Taiwan (Chinese) (+6.1 p.p.) significantly strengthened its position in terms of the global exports, while Turkey, India, Pakistan, Germany and South Korea saw its share reduced by -2%, -3.7%, -6.7%, -7.5% and -16.9% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest non-cotton terry towelling supplier from Puerto Rico, comprising 60% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.8% share of global exports. It was followed by Turkey, with a 7.4% share.

In China, non-cotton terry towelling exports expanded at an average annual rate of +12.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+8.4% per year) and Turkey (-2.9% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand square meters, standing approx. at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per thousand square meters), while China ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the other leaders experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports into Puerto Rico

In 2021, the amount of terry towelling (excluding of cotton) imported into Puerto Rico totaled less than X square meters, remaining stable against 2020 figures. In general, imports saw a relatively flat trend pattern.

In value terms, non-cotton terry towelling imports stood at less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, Thailand (X square meters) and Kyrgyzstan (X square meters) were the main importers of terry towelling (excluding of cotton)across the globe, together generating 49% of total imports. It was distantly followed by Vietnam (X square meters) and the UK (X square meters), together constituting an 18% share of total imports. Sri Lanka (X square meters), China (X square meters), South Korea (X square meters), Hong Kong SAR (X square meters), Russia (X square meters), Colombia (X square meters), the United Arab Emirates (X square meters) and Hungary (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +96.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Kyrgyzstan ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 41% of total imports.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of +100.3%, 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 square meters in 2021, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per thousand square meters), while Thailand ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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