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Puerto Rico - Instruments for Measuring Electrical Quantities - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Market for Instruments for Measuring Electrical Quantities 2024
Market Size for Instruments for Measuring Electrical Quantities in Puerto Rico
In 2021, the Puerto Rican market for instruments for measuring electrical quantities decreased by -4.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.1% against 2018 indices. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.
Production of Instruments for Measuring Electrical Quantities in Puerto Rico
In value terms, instruments for measuring electrical quantities production contracted to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 increased by +54.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 51% against the previous year. Puerto Rico production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.
Exports of Instruments for Measuring Electrical Quantities
Exports by Country
In 2021, China (X units) represented the main exporter of instruments for measuring electrical quantities, creating 41% of total exports. It was distantly followed by Germany (X units), the UK (X units) and Romania (X units), together generating a 26% share of total exports. The United States (X units), Hong Kong SAR (X units), the Netherlands (X units), Hungary (X units), France (X units), Japan (X units), Italy (X units), Taiwan (Chinese) (X units) and South Korea (X units) held a little share of total exports.
Exports from China increased at an average annual rate of +19.2% from 2012 to 2021. At the same time, Hungary (+32.3%), the Netherlands (+12.1%), Romania (+8.3%), Hong Kong SAR (+7.3%), the UK (+4.8%) and Germany (+4.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.3% from 2012-2021. By contrast, Japan (-1.1%), Italy (-1.8%), South Korea (-6.7%), France (-8.5%), the United States (-10.0%) and Taiwan (Chinese) (-21.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Hungary and Romania increased by +28, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest instruments for measuring electrical quantities supplying countries from Puerto Rico were Germany ($X), China ($X) and the United States ($X), together accounting for 50% of total exports. The UK, Romania, Taiwan (Chinese), Hong Kong SAR, the Netherlands, Japan, South Korea, France, Hungary and Italy lagged somewhat behind, together accounting for a further 29%.
Among the main exporting countries, Hungary, with a CAGR of +33.7%, saw 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.
Imports of Instruments for Measuring Electrical Quantities
Imports by Country
In 2021, the United States (X units), distantly followed by Nigeria (X units) and Germany (X units) were the key importers of instruments for measuring electrical quantities, together committing 44% of total imports. The following importers - Indonesia (X units), Spain (X units), Hong Kong SAR (X units), France (X units), China (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units), Japan (X units) and Turkey (X units) - together made up 29% of total imports.
From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities imports into the United States stood at +17.0%. At the same time, Nigeria (+67.8%), China (+21.1%), Hong Kong SAR (+12.6%), Turkey (+10.6%), the Czech Republic (+8.0%), Indonesia (+7.2%), Germany (+6.7%), Italy (+6.5%) and the Netherlands (+4.7%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +67.8% from 2012-2021. By contrast, France (-2.0%), Spain (-2.8%) and Japan (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Nigeria and China increased by +12, +12 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 34% share of total imports. Hong Kong SAR, the Netherlands, France, Japan, Spain, Italy, the Czech Republic, Turkey, Nigeria and Indonesia lagged somewhat behind, together comprising a further 22%.
In terms of the main importing countries, Nigeria, with a CAGR of +28.2%, 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.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for instruments for measuring electrical quantities 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 26514310 - Multimeters
- Prodcom 26514330 - Electronic instruments and apparatus for measuring or checking voltage, current, resistance or electrical power, w ithout recording device (excluding multimeters, and oscilloscopes and oscillographs)
- Prodcom 26514355 - Voltmeters
- Prodcom 26514359 - Non-electronic instruments and apparatus, for measuring or checking voltage, current, resistance or power, without a recording device (excluding multimeters, voltmeters)
- Prodcom 26514300 -
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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