Puerto Rico: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Puerto Rico

The Puerto Rican thermoforming machine market expanded significantly to $X in 2021, increasing by 12% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Thermoforming Machine Production in Puerto Rico

In value terms, thermoforming machine production expanded notably to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 180% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Thermoforming Machine Exports

Exports from Puerto Rico

Thermoforming machine exports from Puerto Rico was estimated at less than X units in 2021, remaining constant against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, thermoforming machine exports amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China represented the largest exporter of thermoforming machines for working rubber or plastics in the world, with the volume of exports amounting to X units, which was near 44% of total exports in 2021. Brazil (X units) took the second position in the ranking, followed by Germany (X units), the Netherlands (X units) and Italy (X units). All these countries together took near 31% share of total exports. The UK (X units), the United States (X units), the Czech Republic (X units), Taiwan (Chinese) (X units), South Korea (X units) and Singapore (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +13.8% from 2012 to 2021. At the same time, the Czech Republic (+19.6%), Brazil (+12.9%), the Netherlands (+12.4%), the UK (+9.5%), the United States (+4.4%) and Italy (+2.9%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.6% from 2012-2021. By contrast, Germany (-3.5%), Taiwan (Chinese) (-5.9%), Singapore (-6.7%) and South Korea (-8.5%) illustrated a downward trend over the same period. While the share of China (+21 p.p.), Brazil (+4.8 p.p.), the Czech Republic (+2.4 p.p.) and the Netherlands (+2.4 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Singapore (-2.1 p.p.), Taiwan (Chinese) (-4 p.p.), South Korea (-5.5 p.p.) and Germany (-12.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest thermoforming machine supplying countries from Puerto Rico were China ($X), Germany ($X) and Italy ($X), with a combined 54% share of total exports. Taiwan (Chinese), the United States, South Korea, the Czech Republic, the UK, the Netherlands, Singapore and Brazil lagged somewhat behind, together accounting for a further 26%.

Among the main exporting countries, Singapore, with a CAGR of +11.1%, 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.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. In general, 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 Taiwan (Chinese) ($X per thousand units), while Brazil ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+19.1%), while the other leaders experienced more modest paces of growth.

Thermoforming Machine Imports

Imports into Puerto Rico

Thermoforming machine imports into Puerto Rico stood at less than X units in 2021, remaining stable against the previous year. In general, imports showed a relatively flat trend pattern.

In value terms, thermoforming machine imports stood at less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, El Salvador (X units) and Spain (X units) were the major importers of thermoforming machines for working rubber or plasticsacross the globe, together making up 21% of total imports. It was followed by the Netherlands (X units), creating a 5.4% share of total imports. France (X units), Norway (X units), Mexico (X units), Malaysia (X units), Thailand (X units), Canada (X units), Vietnam (X units), Sweden (X units), the United States (X units) and Indonesia (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +35.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thermoforming machine importing markets into Puerto Rico were the United States ($X), Mexico ($X) and Vietnam ($X), together accounting for 14% of total imports. Thailand, Indonesia, Malaysia, France, Spain, Canada, the Netherlands, Norway, Sweden and El Salvador lagged somewhat behind, together comprising a further 12%.

Spain, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 units in 2021, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per thousand units), while El Salvador ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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