Puerto Rico: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Puerto Rico

The Puerto Rican rubber tube and pipe market reduced to $X in 2021, remaining constant against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Puerto Rico

In value terms, rubber tube and pipe production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 47%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Puerto Rico

In 2021, the amount of tubes, pipes and hoses of vulcanized rubber exported from Puerto Rico stood at less than X kg, approximately equating the previous year's figure. Overall, exports recorded a relatively flat trend pattern.

In value terms, rubber tube and pipe exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons), distantly followed by Turkey (X tons), the United States (X tons), Italy (X tons), Germany (X tons), Mexico (X tons), Poland (X tons) and the Czech Republic (X tons) represented the main exporters of tubes, pipes and hoses of vulcanized rubber, together constituting 67% of total exports. Thailand (X tons), Malaysia (X tons), India (X tons), Japan (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, Poland (+12.7%), India (+9.4%), Mexico (+6.7%), the Czech Republic (+5.6%), Turkey (+5.6%), Thailand (+3.3%), Spain (+3.3%) and Malaysia (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.7% from 2012-2021. Germany and Italy experienced a relatively flat trend pattern. By contrast, Japan (-2.3%) and the United States (-3.0%) illustrated a downward trend over the same period. While the share of China (+5.5 p.p.), Poland (+2.7 p.p.), Turkey (+2 p.p.) and Mexico (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.8 p.p.), Italy (-2.5 p.p.) and the United States (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of exports in 2021, with a combined 32% share of total exports. Turkey, Italy, Mexico, Poland, the Czech Republic, Japan, Thailand, Spain, India and Malaysia lagged somewhat behind, together accounting for a further 42%.

In terms of the main exporting countries, India, with a CAGR of +14.2%, saw 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, remaining stable against the previous year. Overall, the export price recorded 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 Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Puerto Rico

Rubber tube and pipe imports into Puerto Rico totaled less than X kg in 2021, remaining constant against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, rubber tube and pipe imports totaled less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons) represented the main importers of tubes, pipes and hoses of vulcanized rubber, together constituting 27% of total imports. The following importers - Canada (X tons), France (X tons), China (X tons), Mexico (X tons), Russia (X tons), Italy (X tons), Poland (X tons), Brazil (X tons), the UK (X tons), Spain (X tons) and the Netherlands (X tons) - together made up 34% of total imports.

Imports into the United States increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Poland (+9.7%), Italy (+5.5%), Brazil (+5.2%), France (+4.0%), Germany (+3.4%), Russia (+2.5%) and China (+2.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +9.7% from 2012-2021. Canada, Spain, the Netherlands and the UK experienced a relatively flat trend pattern. By contrast, Mexico (-5.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Poland increased by +5.1 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rubber tube and pipe importing markets into Puerto Rico were the United States ($X), Germany ($X) and China ($X), with a combined 30% share of total imports. Mexico, Canada, France, the UK, Poland, Brazil, Spain, Russia, Italy and the Netherlands lagged somewhat behind, together comprising a further 30%.

Poland, with a CAGR of +6.9%, saw the highest growth rate of 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, approximately reflecting the previous year. Over the period under review, 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 China ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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