Report Update Nov 1, 2024

Puerto Rico - Vehicles not Mechanically Propelled - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Puerto Rico

The Puerto Rican non-propelled vehicle market declined dramatically to $X in 2021, which is down by -23.8% against the previous year. Overall, consumption continues to indicate a abrupt setback. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Propelled Vehicle Production in Puerto Rico

In value terms, non-propelled vehicle production declined notably to $X in 2021 estimated in export price. In general, production faced a drastic downturn. The growth pace was the most rapid in 2020 when the production volume increased by 101% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 67% of total exports in 2021. It was distantly followed by Germany (X units), generating a 6.5% share of total exports. Poland (X units), the Netherlands (X units), Vietnam (X units), Mexico (X units) and South Africa (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-propelled vehicle exports from China stood at +5.4%. At the same time, Germany (+20.0%), Vietnam (+19.3%), Mexico (+11.4%), the Netherlands (+5.8%) and Poland (+5.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.0% from 2012-2021. By contrast, South Africa (-36.9%) illustrated a downward trend over the same period. While the share of China (+9.2 p.p.), Germany (+4.8 p.p.) and Vietnam (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Africa (-17.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-propelled vehicle supplier from Puerto Rico, comprising 54% of global exports. The second position in the ranking was taken by Germany ($X), with an 8.1% share of global exports. It was followed by the Netherlands, with a 3% share.

In China, non-propelled vehicle exports increased at an average annual rate of +7.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+1.4% per year) and the Netherlands (+10.8% per year).

Non-Propelled Vehicle Imports

Imports by Country

The United States represented the main importer of vehicles not mechanically propelled in the world, with the volume of imports recording X units, which was near 23% of total imports in 2021. Germany (X units) took a 6.9% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.8%) and South Korea (4.6%). The Netherlands (X units), France (X units), Canada (X units), Australia (X units), Italy (X units), Chile (X units), Russia (X units), Thailand (X units) and Belgium (X units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +6.6% from 2012 to 2021. At the same time, South Korea (+21.6%), Italy (+13.0%), Thailand (+12.6%), the Netherlands (+11.6%), Chile (+9.5%), Canada (+5.5%), Australia (+4.7%), Germany (+3.5%), Belgium (+2.9%), France (+1.9%) and the UK (+1.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +21.6% from 2012-2021. By contrast, Russia (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, South Korea, Germany, the Netherlands, Italy, the UK, Canada, Chile, Australia and France increased by +15, +4.1, +3.9, +3.3, +2.5, +2.3, +2.1, +2, +2 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported vehicles not mechanically propelled into Puerto Rico, comprising 22% of global imports. The second position in the ranking was held by Germany ($X), with a 5.9% share of global imports. It was followed by Canada, with a 5.6% share.

In the United States, non-propelled vehicle imports expanded at an average annual rate of +8.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and Canada (+6.7% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vehicles not mechanically propelled in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 44% of global consumption. Russia, Brazil, the UK, Italy, Germany, Japan, Mexico, South Korea, Thailand and France lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of vehicles not mechanically propelled in the world?

China constituted the country with the largest volume of non-propelled vehicle production, accounting for 58% of total volume. Moreover, non-propelled vehicle production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Brazil ranked third in terms of total production with a 3.8% share.

What are the leading suppliers of vehicles not mechanically propelled to Puerto Rico?

In value terms, the United States constitutes the largest market for imported vehicles not mechanically propelled into Puerto Rico, comprising 23% of global imports. The second position in the ranking was occupied by Germany, with a 6% share of global imports. It was followed by Canada, with a 5.8% share.

What are the leading importers of vehicles not mechanically propelled from Puerto Rico?

In value terms, China remains the largest non-propelled vehicle supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was occupied by Germany, with a 9.6% share of global exports. It was followed by the Netherlands, with a 3.6% share.

What is the average export price for vehicles not mechanically propelled in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per thousand units, remaining stable against the previous year.

What is the average import price for vehicles not mechanically propelled in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per thousand units in 2021, stabilizing at the previous year.

This report provides an in-depth analysis of the non-propelled vehicle market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023