Puerto Rico: Wheelchair Market 2024

Wheelchair Market Size in Puerto Rico

The Puerto Rican wheelchair market surged to $X in 2021, growing by 25% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.8% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wheelchair Production in Puerto Rico

In value terms, wheelchair production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 -18.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 63%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wheelchair Exports

Exports from Puerto Rico

Wheelchair exports from Puerto Rico was estimated at less than X units in 2021, approximately equating the year before. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, wheelchair exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, recording X units, which was near 82% of total exports in 2021. Germany (X units), India (X units), Belgium (X units), Taiwan (Chinese) (X units), the Netherlands (X units) and Mexico (X units) took a little share of total exports.

Exports from China increased at an average annual rate of +6.2% from 2012 to 2021. At the same time, India (+12.3%) and Belgium (+10.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.3% from 2012-2021. By contrast, Germany (-1.1%), Mexico (-4.4%), the Netherlands (-4.6%) and Taiwan (Chinese) (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +5.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wheelchair supplier from Puerto Rico, comprising 51% of global exports. The second position in the ranking was held by Germany ($X), with a 9.2% share of global exports. It was followed by Taiwan (Chinese), with a 6.4% share.

In China, wheelchair exports expanded at an average annual rate of +7.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-0.1% per year) and Taiwan (Chinese) (-1.5% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, leveling off at the previous year. Over the period under review, 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 the Netherlands ($X per thousand units), while China ($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 (+10.2%), while the other leaders experienced more modest paces of growth.

Wheelchair Imports

Imports into Puerto Rico

In 2021, approx. less than X units of wheelchairs were imported into Puerto Rico; stabilizing at 2020 figures. In general, imports saw a relatively flat trend pattern.

In value terms, wheelchair imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by El Salvador (X units), the UK (X units), Germany (X units) and India (X units) were the major importers of wheelchairs, together generating 45% of total imports. Japan (X units), France (X units), Spain (X units), Mexico (X units), Italy (X units), Malaysia (X units), Belgium (X units) and the Netherlands (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +3.7% from 2012 to 2021. At the same time, El Salvador (+24.7%), Malaysia (+13.1%), India (+10.9%), Spain (+10.3%), Belgium (+7.7%), Italy (+3.7%), France (+3.5%), the UK (+3.4%), Mexico (+2.1%) and Germany (+2.1%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in the world, with a CAGR of +24.7% from 2012-2021. The Netherlands and Japan experienced a relatively flat trend pattern. El Salvador (+7.2 p.p.), India (+2.5 p.p.) and the United States (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wheelchairs into Puerto Rico, comprising 19% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of global imports. It was followed by the UK, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +1.8%. In the other countries, the average annual rates were as follows: Germany (+4.1% per year) and the UK (+3.8% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, stabilizing at the previous year. Overall, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per thousand units), while El Salvador ($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 Japan (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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