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Puerto Rico - Semiconductor Devices - Market Analysis, Forecast, Size, Trends and Insights
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Semiconductor Device Market Size in Puerto Rico
In 2021, the Puerto Rican semiconductor device market was finally on the rise to reach $X after four years of decline. In general, consumption continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.
Semiconductor Device Production in Puerto Rico
In value terms, semiconductor device production surged to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable downturn. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.
Semiconductor Device Exports
Exports from Puerto Rico
In 2021, the amount of semiconductor devices exported from Puerto Rico amounted to less than X units, remaining constant against 2020 figures. Over the period under review, exports saw a relatively flat trend pattern.
In value terms, semiconductor device exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.
Exports by Country
China was the main exporting country with an export of about X units, which resulted at 38% of total exports. The Philippines (X units) ranks second in terms of the total exports with a 17% share, followed by the United States (7%) and Germany (5.9%). Mexico (X units), Singapore (X units), Thailand (X units), Malaysia (X units), Australia (X units), South Korea (X units), the UK (X units), Israel (X units) and the Netherlands (X units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Thailand (+53.0%), Australia (+36.3%), South Korea (+28.9%), Israel (+17.6%), Mexico (+9.2%), the UK (+5.7%), Germany (+5.3%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.0% from 2012-2021. By contrast, Singapore (-3.1%), the United States (-5.5%), the Philippines (-12.7%) and the Netherlands (-31.2%) illustrated a downward trend over the same period. China (+21 p.p.), Germany (+3.7 p.p.), Mexico (+3.1 p.p.), Thailand (+3 p.p.), Australia (+2.6 p.p.), South Korea (+1.9 p.p.), Malaysia (+1.8 p.p.) and Israel (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while the Netherlands and the Philippines saw its share reduced by -15.8% and -17.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X) remains the largest semiconductor device supplier from Puerto Rico, comprising 34% of global exports. The second position in the ranking was taken by China ($X), with an 11% share of global exports. It was followed by the Philippines, with an 11% share.
In the United States, semiconductor device exports expanded at an average annual rate of +7.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-3.8% per year) and the Philippines (-10.2% per year).
Export Prices by Country
The export price in Puerto Rico stood at less than $X per thousand units in 2021, flattening at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while Australia ($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 (+21.7%), while the other leaders experienced more modest paces of growth.
Semiconductor Device Imports
Imports into Puerto Rico
In 2021, semiconductor device imports into Puerto Rico stood at less than X units, approximately reflecting 2020. In general, imports recorded a relatively flat trend pattern.
In value terms, semiconductor device imports amounted to less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.
Imports by Country
The Philippines was the major importer of semiconductor devices in the world, with the volume of imports finishing at X units, which was approx. 43% of total imports in 2021. Spain (X units) held a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (5.1%). The following importers - Mexico (X units), the United States (X units), Thailand (X units), Indonesia (X units), Singapore (X units), Italy (X units), Nigeria (X units), South Korea (X units), Malaysia (X units) and China (X units) - together made up 31% of total imports.
The Philippines was also the fastest-growing in terms of the semiconductor devices imports, with a CAGR of +53.4% from 2012 to 2021. At the same time, Nigeria (+32.1%), Thailand (+25.3%), Spain (+18.6%), Indonesia (+12.4%), South Korea (+8.5%), Singapore (+4.3%), China (+2.5%), Malaysia (+1.4%) and the United States (+1.2%) displayed positive paces of growth. By contrast, Hong Kong SAR (-6.5%), Italy (-9.2%) and Mexico (-10.4%) illustrated a downward trend over the same period. While the share of the Philippines (+43 p.p.), Spain (+6.6 p.p.), Hong Kong SAR (+4.8 p.p.), the United States (+4 p.p.), Thailand (+3.9 p.p.), Mexico (+3.8 p.p.), Indonesia (+3.3 p.p.), Singapore (+3 p.p.), Nigeria (+2.8 p.p.), Italy (+2.6 p.p.), South Korea (+2.6 p.p.), Malaysia (+2.3 p.p.) and China (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest semiconductor device importing markets into Puerto Rico were the United States ($X), China ($X) and Singapore ($X), together comprising 47% of total imports. These countries were followed by the Philippines, South Korea, Malaysia, Hong Kong SAR, Mexico, Indonesia, Thailand, Italy, Spain and Nigeria, which together accounted for a further 32%.
In terms of the main importing countries, the Philippines, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per thousand units), while Nigeria ($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 United States (+9.3%), 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 semiconductor device 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 26112260 - Semiconductor devices (excluding photosensitive semiconductor devices, photovoltaic cells, thyristors, diacs and triacs, transistors, diodes, and light-emitting diodes)
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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