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Puerto Rico - Garden Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Garden Tool Market 2024
Garden Tool Market Size in Puerto Rico
In 2021, the Puerto Rican garden tool market decreased by -4.3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Puerto Rico consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.
Garden Tool Production in Puerto Rico
In value terms, garden tool production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 28%. Puerto Rico production peaked at $X in 2020, and then dropped slightly in the following year.
Garden Tool Exports
Exports by Country
China represented the largest exporting country with an export of about X tons, which amounted to 39% of total exports. It was distantly followed by Germany (X tons), Taiwan (Chinese) (X tons), India (X tons) and the Netherlands (X tons), together constituting a 28% share of total exports. The following exporters - Spain (X tons), Brazil (X tons), Poland (X tons), Austria (X tons), Mexico (X tons) and France (X tons) - together made up 17% of total exports.
From 2012 to 2021, average annual rates of growth with regard to garden tool exports from China stood at +3.2%. At the same time, Brazil (+19.5%), Germany (+15.3%), Spain (+14.4%), Poland (+13.0%), Mexico (+6.7%), the Netherlands (+5.3%) and France (+3.9%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.5% from 2012-2021. Austria experienced a relatively flat trend pattern. By contrast, India (-1.6%) and Taiwan (Chinese) (-4.6%) illustrated a downward trend over the same period. Germany (+5.8 p.p.), Brazil (+2.7 p.p.), Spain (+2.3 p.p.), Austria (+2.1 p.p.) and Poland (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while India and Taiwan (Chinese) saw its share reduced by -3% and -8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest garden tool supplier from Puerto Rico, comprising 28% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of global exports. It was followed by Germany, with a 10% share.
In China, garden tool exports expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-2.1% per year) and Germany (+12.1% per year).
Garden Tool Imports
Imports by Country
In 2021, the United States (X tons) represented the key importer of garden tools, making up 26% of total imports. The UK (X tons) ranks second in terms of the total imports with an 8.4% share, followed by Germany (7.1%), France (5.3%) and the Netherlands (5.2%). Poland (X tons), Japan (X tons), Canada (X tons), Spain (X tons), Belgium (X tons), Australia (X tons), Russia (X tons) and Tanzania (X tons) followed a long way behind the leaders.
The United States was also the fastest-growing in terms of the garden tools imports, with a CAGR of +12.7% from 2012 to 2021. At the same time, Spain (+11.9%), Poland (+9.3%), the Netherlands (+9.1%), the UK (+5.0%), Canada (+4.2%), France (+3.6%) and Germany (+3.5%) displayed positive paces of growth. Belgium, Russia and Japan experienced a relatively flat trend pattern. By contrast, Australia (-2.0%) and Tanzania (-10.4%) illustrated a downward trend over the same period. The United States (+14 p.p.) and the Netherlands (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Tanzania saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X) constitutes the largest market for imported garden tools into Puerto Rico, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 10% share of global imports. It was followed by the UK, with a 7.5% share.
From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +9.1%. In the other countries, the average annual rates were as follows: Germany (+7.1% per year) and the UK (+6.3% per year).
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the garden tool 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 25731055 - Forks and other hand tools (excluding clasp knives) for agriculture, horticulture or forestry
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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