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Puerto Rico - Seats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Seat Market 2024
Seat Market Size in Puerto Rico
The Puerto Rican seat market shrank to $X in 2021, reducing by -7.3% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.
Seat Production in Puerto Rico
In value terms, seat production dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 63%. Puerto Rico production peaked at $X in 2020, and then shrank in the following year.
Seat Exports
Exports from Puerto Rico
In 2021, the amount of seats exported from Puerto Rico was estimated at less than X kg, almost unchanged from 2020. In general, exports showed a relatively flat trend pattern.
In value terms, seat exports stood at less than $X in 2021. Overall, exports showed a relatively flat trend pattern.
Exports by Country
China dominates exports structure, reaching X tons, which was near 64% of total exports in 2021. Vietnam (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Germany (X tons) and Turkey (X tons) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +5.9% from 2012 to 2021. At the same time, Vietnam (+14.7%), the Netherlands (+10.7%), Poland (+10.5%), Germany (+6.0%), Turkey (+4.1%) and Italy (+2.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.7% from 2012-2021. While the share of China (+2.8 p.p.) and Vietnam (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest seat supplier from Puerto Rico, comprising 47% of global exports. The second position in the ranking was held by Vietnam ($X), with a 9.2% share of global exports. It was followed by Poland, with a 7.4% share.
From 2012 to 2021, the average annual growth rate of value in China stood at +6.2%. In the other countries, the average annual rates were as follows: Vietnam (+23.1% per year) and Poland (+8.0% per year).
Export Prices by Country
In 2021, the export price in Puerto Rico amounted to less than $X per ton, remaining stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.3%), while the other leaders experienced more modest paces of growth.
Seat Imports
Imports into Puerto Rico
In 2021, seat imports into Puerto Rico amounted to less than X kg, leveling off at the year before. Over the period under review, imports showed a relatively flat trend pattern.
In value terms, seat imports totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.
Imports by Country
In 2021, the United States (X tons) represented the key importer of seats, achieving 31% of total imports. It was distantly followed by Germany (X tons), the Netherlands (X tons) and France (X tons), together constituting an 18% share of total imports. The following importers - the UK (X tons), Japan (X tons), Canada (X tons), Italy (X tons), Poland (X tons), South Korea (X tons), Australia (X tons), Spain (X tons) and Belgium (X tons) - together made up 22% of total imports.
Imports into the United States increased at an average annual rate of +7.4% from 2012 to 2021. At the same time, Poland (+18.4%), the Netherlands (+11.8%), Italy (+10.2%), South Korea (+7.8%), the UK (+7.0%), Spain (+6.3%), Germany (+6.2%), France (+3.7%), Belgium (+3.1%), Australia (+2.8%), Canada (+2.7%) and Japan (+2.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +18.4% from 2012-2021. While the share of the United States (+4 p.p.) and the Netherlands (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X) constitutes the largest market for imported seats into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by Germany ($X), with a 9% share of global imports. It was followed by France, with a 5.4% share.
From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and France (+2.7% per year).
Import Prices by Country
In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Italy ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), 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 seat 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 29321000 - Seats for motor vehicles
- Prodcom 30305010 - Seats for aircraft, parts thereof
- Prodcom 31001155 -
- Prodcom 31001159 -
- Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
- Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
- Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
- Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
- Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
- Prodcom 31001300 - Other seats, of HS
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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