Puerto Rico: Transport Container Market 2022

Transport Container Market Size in Puerto Rico

In 2021, after four years of growth, there was significant decline in the Puerto Rican transport container market, when its value decreased by -9.7% to $X. Overall, consumption, however, saw a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Transport Container Production in Puerto Rico

In value terms, transport container production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Puerto Rico production peaked at $X in 2020, and then contracted in the following year.

Transport Container Exports

Exports by Country

China (X units) and Qatar (less than X units) represented roughly 65% of total exports in 2021. It was distantly followed by South Korea (X units), the United States (X units) and the Czech Republic (X units), together constituting a 12% share of total exports. The Netherlands (X units), Poland (X units) and Spain (X units) followed a long way behind the leaders.

From 2012 to 2021, transport container exports from expanded with a China of +8.7%, while Qatar (-51.5%) experienced a dramatic slump unchanged over the same period. At the same time, South Korea (+23.5%), Poland (+14.3%) and the United States (+5.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.5% from 2012-2021. By contrast, the Netherlands (-1.4%), Spain (-27.4%) and the Czech Republic (-33.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, South Korea, the United States and Poland increased by +40, +4.9, +2.7 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest transport container supplier from Puerto Rico, comprising 88% of global exports. The second position in the ranking was taken by the United States ($X), with a 1.7% share of global exports. It was followed by the Netherlands, with a 1.1% share.

In China, transport container exports increased at an average annual rate of +11.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+3.2% per year) and the Netherlands (+4.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was China ($X per thousand units), while South Korea ($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 Qatar (+109.7%), while the other leaders experienced more modest paces of growth.

Transport Container Imports

Imports by Country

In 2021, the United States (X units), distantly followed by Hong Kong SAR (X units), Saudi Arabia (X units) and Germany (X units) were the largest importers of transport containers, together achieving 49% of total imports. South Korea (X units), the Netherlands (X units), Taiwan (Chinese) (X units), France (X units), the UK (X units), Indonesia (X units), Canada (X units), Japan (X units) and Singapore (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +14.4% from 2012 to 2021. At the same time, Indonesia (+47.8%), Taiwan (Chinese) (+29.7%), Saudi Arabia (+13.3%), Germany (+7.2%), Japan (+6.2%), France (+5.8%), the Netherlands (+4.1%) and South Korea (+1.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +47.8% from 2012-2021. Canada and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Singapore (-4.2%) and the UK (-5.8%) illustrated a downward trend over the same period. The United States (+12 p.p.), Saudi Arabia (+4 p.p.), Taiwan (Chinese) (+3 p.p.) and Indonesia (+2.6 p.p.) significantly strengthened its position in terms of the global imports, while South Korea, Singapore, the UK and Hong Kong SAR saw its share reduced by -1.7%, -2.2%, -5.2% and -7.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported transport containers into Puerto Rico, comprising 32% of global imports. The second position in the ranking was taken by the United States ($X), with a 12% share of global imports. It was followed by Germany, with a 5.5% share.

In Hong Kong SAR, transport container imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (+6.7% per year) and Germany (+6.7% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per thousand units), while Saudi Arabia ($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 the Netherlands (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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