Puerto Rico: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Puerto Rico

In 2021, the Puerto Rican market for tubes, pipes and hollow profiles (of iron or steel) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a mild downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Puerto Rico

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) expanded significantly to $X in 2021 estimated in export price. Overall, production, however, saw a mild shrinkage. The growth pace was the most rapid in 2015 with an increase of 74% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Puerto Rico

In 2021, exports of tubes, pipes and hollow profiles (of iron or steel) from Puerto Rico was estimated at less than X kg, standing approx. at the previous year. Overall, exports showed a relatively flat trend pattern.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons), distantly followed by Italy (X tons), Germany (X tons), Turkey (X tons), Russia (X tons) and South Korea (X tons) represented the main exporters of tubes, pipes and hollow profiles (of iron or steel), together constituting 53% of total exports. India (X tons), Japan (X tons), the United States (X tons), Spain (X tons), Canada (X tons), Mexico (X tons) and the United Arab Emirates (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to iron or steel pipe and tube exports from China stood at -2.7%. At the same time, the United Arab Emirates (+6.7%) and Russia (+2.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.7% from 2012-2021. Spain, Turkey and Italy experienced a relatively flat trend pattern. By contrast, Mexico (-3.6%), Germany (-4.4%), Canada (-5.2%), South Korea (-5.8%), India (-6.3%), the United States (-10.5%) and Japan (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Italy and Turkey increased by +2, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron or steel pipe and tube supplying countries from Puerto Rico were China ($X), Italy ($X) and Germany ($X), together comprising 39% of total exports. These countries were followed by Japan, South Korea, the United States, Russia, Turkey, India, Spain, Canada, Mexico and the United Arab Emirates, which together accounted for a further 31%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +3.9%, recorded the highest rates of growth with regard to 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 ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Puerto Rico

In 2021, the amount of tubes, pipes and hollow profiles (of iron or steel) imported into Puerto Rico totaled less than X kg, remaining stable against 2020 figures. In general, imports recorded a relatively flat trend pattern.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) stood at less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Germany (X tons) were the largest importers of tubes, pipes and hollow profiles (of iron or steel), together committing 20% of total imports. Canada (X tons), France (X tons), Poland (X tons), Italy (X tons), the Netherlands (X tons), the United Arab Emirates (X tons), the UK (X tons), Belgium (X tons), Australia (X tons), India (X tons) and the Czech Republic (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +4.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel pipe and tube importing markets into Puerto Rico were the United States ($X), Germany ($X) and Canada ($X), together comprising 23% of total imports. France, Poland, Italy, the Netherlands, the United Arab Emirates, the UK, India, the Czech Republic, Belgium and Australia lagged somewhat behind, together accounting for a further 23%.

Poland, with a CAGR of +4.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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

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

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in India ($X per ton) and the Czech Republic ($X per ton), while the United States ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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