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Puerto Rico - Festive or Carnival Articles - Market Analysis, Forecast, Size, Trends and Insights
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Festive Articles Market Size in Puerto Rico
After three years of growth, the Puerto Rican festive articles market decreased by -2.3% to $X in 2021. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.4% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.
Festive Articles Production in Puerto Rico
In value terms, festive articles production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.
Festive Articles Exports
Exports by Country
China prevails in exports structure, reaching X tons, which was near 80% of total exports in 2021. It was distantly followed by the United States (X tons), mixing up a 1.5% share of total exports. The Netherlands (X tons), Mexico (X tons), Hong Kong SAR (X tons) and Belgium (X tons) held a minor share of total exports.
China was also the fastest-growing in terms of the festive or carnival articles exports, with a CAGR of +18.4% from 2012 to 2021. At the same time, the Netherlands (+16.3%) displayed positive paces of growth. By contrast, Belgium (-3.3%), Mexico (-3.4%), the United States (-8.1%) and Hong Kong SAR (-17.3%) illustrated a downward trend over the same period. China (+37 p.p.) significantly strengthened its position in terms of the global exports, while Belgium, Mexico, the United States and Hong Kong SAR saw its share reduced by -2.3%, -5.8%, -6.2% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest festive articles supplier from Puerto Rico, comprising 82% of global exports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of global exports. It was followed by the Netherlands, with a 2.5% share.
From 2012 to 2021, the average annual growth rate of value in China amounted to +30.5%. In the other countries, the average annual rates were as follows: the United States (-3.0% per year) and the Netherlands (+9.5% per year).
Export Prices by Country
In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.
Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the other leaders experienced more modest paces of growth.
Festive Articles Imports
Imports by Country
The United States dominates imports structure, amounting to X tons, which was approx. 57% of total imports in 2021. The UK (X tons), India (X tons), the Netherlands (X tons), Germany (X tons), Canada (X tons), Saudi Arabia (X tons), Hong Kong SAR (X tons), Brazil (X tons), France (X tons) and Italy (X tons) took a minor share of total imports.
Imports into the United States increased at an average annual rate of +14.3% from 2012 to 2021. At the same time, India (+19.8%), Saudi Arabia (+7.4%), the Netherlands (+6.3%) and Germany (+1.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +19.8% from 2012-2021. France and the UK experienced a relatively flat trend pattern. By contrast, Italy (-1.3%), Canada (-3.8%), Brazil (-10.3%) and Hong Kong SAR (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and India increased by +22 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X) constitutes the largest market for imported festive or carnival articles into Puerto Rico, comprising 50% of global imports. The second position in the ranking was taken by the UK ($X), with a 5.9% share of global imports. It was followed by Canada, with a 3.8% share.
In the United States, festive articles imports expanded at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (+2.6% per year) and Canada (-2.6% per year).
Import Prices by Country
The import price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern.
Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while India ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.6%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the festive articles 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 32995150 - Festive, carnival or other entertainment articles, n.e.c.
Country coverage:
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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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