Puerto Rico: Variable Capacitor Market 2024

Variable Capacitor Market Size in Puerto Rico

The Puerto Rican variable capacitor 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). Overall, consumption saw a relatively flat trend pattern.

Variable Capacitor Exports

Exports from Puerto Rico

In 2021, the amount of variable capacitors exported from Puerto Rico totaled less than X kg, flattening at the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, variable capacitor exports stood at less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, the United States (X tons) and Hong Kong SAR (X tons) were the major exporters of variable capacitorsacross the globe, together resulting at approx. 50% of total exports. The Dominican Republic (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by China (12%) and Italy (0.8%). Singapore (X tons), South Korea (X tons), Switzerland (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Spain (X tons) and India (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to variable capacitors exports from the United States and Hong Kong SAR stood at +18.8% and -31.3%, respectively. At the same time, the Dominican Republic (+76.7%), China (+12.2%), Switzerland (+8.6%) and South Korea (+3.4%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +76.7% from 2012-2021. By contrast, Spain (-3.6%), Malaysia (-7.3%), Singapore (-7.7%), Taiwan (Chinese) (-15.4%), Italy (-30.1%) and India (-40.3%) illustrated a downward trend over the same period. The United States (+37 p.p.), the Dominican Republic (+20 p.p.) and China (+7.3 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), Singapore, Italy and Hong Kong SAR saw its share reduced by -3.8%, -6.2%, -22.8% and -27.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest variable capacitor supplying countries from Puerto Rico were the United States ($X), Switzerland ($X) and Hong Kong SAR ($X), with a combined 61% share of total exports. Singapore, China, South Korea, Malaysia, the Dominican Republic, Taiwan (Chinese), Spain, Italy and India lagged somewhat behind, together accounting for a further 25%.

In terms of the main exporting countries, the Dominican Republic, with a CAGR of +45.2%, 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

In 2021, the export price in Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate 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 Switzerland ($X per ton), while the Dominican Republic ($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 (+62.8%), while the other leaders experienced more modest paces of growth.

Variable Capacitor Imports

Imports into Puerto Rico

In 2021, imports of variable capacitors into Puerto Rico totaled less than X kg, flattening at 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, variable capacitor imports amounted to less than $X in 2021. Overall, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Malaysia (X tons), Hong Kong SAR (X tons), Egypt (X tons), Mexico (X tons), South Korea (X tons) and Singapore (X tons) were the major importers of variable capacitors, together achieving 70% of total imports. The following importers - Indonesia (X tons), India (X tons), the Philippines (X tons), France (X tons), Australia (X tons) and Thailand (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Malaysia ($X) and Mexico ($X) were the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. These countries were followed by Hong Kong SAR, Singapore, South Korea, Thailand, Egypt, France, India, Indonesia, the Philippines and Australia, which together accounted for a further 32%.

Among the main importing countries, the Philippines, with a CAGR of +50.2%, recorded the highest growth rate of 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 ton in 2021, leveling off at the previous year. Overall, 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 Thailand ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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