Puerto Rico: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in Puerto Rico

The Puerto Rican wood flat pallet market totaled less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern.

Wood Flat Pallet Exports

Exports from Puerto Rico

In 2021, wood flat pallet exports from Puerto Rico amounted to less than X units, approximately equating the year before. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, wood flat pallet exports amounted to less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, Poland (X units), distantly followed by Germany (X units), the Netherlands (X units) and the Czech Republic (X units) were the largest exporters of flat pallets and pallet collars of wood, together achieving 42% of total exports. The following exporters - Lithuania (X units), Belgium (X units), Latvia (X units), Ukraine (X units), the UK (X units), France (X units), Canada (X units), Italy (X units) and the United States (X units) - together made up 27% of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood flat pallet exports from Poland stood at +10.4%. At the same time, Ukraine (+22.2%), the UK (+12.9%), the Netherlands (+5.9%), Canada (+4.9%), Germany (+4.1%), Lithuania (+2.9%), Italy (+2.5%), Belgium (+2.1%), the United States (+2.1%) and the Czech Republic (+1.0%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.2% from 2012-2021. Latvia experienced a relatively flat trend pattern. By contrast, France (-2.7%) illustrated a downward trend over the same period. Poland (+7.2 p.p.) and Ukraine (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Latvia, the Czech Republic and France saw its share reduced by -2.2%, -2.3% and -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest wood flat pallet supplier from Puerto Rico, comprising 20% of global exports. The second position in the ranking was held by Germany ($X), with a 9.6% share of global exports. It was followed by the Czech Republic, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled +13.7%. In the other countries, the average annual rates were as follows: Germany (+7.4% per year) and the Czech Republic (+6.6% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, standing approx. 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 UK ($X per thousand units), while the Netherlands ($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 Latvia (+9.0%), while the other leaders experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into Puerto Rico

Wood flat pallet imports into Puerto Rico was estimated at less than X units in 2021, approximately reflecting 2020 figures. In general, imports showed a relatively flat trend pattern.

In value terms, wood flat pallet imports amounted to less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

Germany was the largest importer of flat pallets and pallet collars of wood in the world, with the volume of imports amounting to X units, which was near 25% of total imports in 2021. The Netherlands (X units) ranks second in terms of the total imports with a 9.8% share, followed by Italy (7.8%), France (6.4%) and Belgium (6.2%). The following importers - Austria (X units), Poland (X units), the Czech Republic (X units), the UK (X units), Sweden (X units), Denmark (X units), Singapore (X units) and the United States (X units) - together made up 21% of total imports.

Imports into Germany increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, the UK (+11.5%), Italy (+10.6%), the Netherlands (+6.2%), Poland (+5.7%), Singapore (+4.1%), Austria (+3.5%), Sweden (+2.7%), Belgium (+2.4%) and the Czech Republic (+1.2%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +11.5% from 2012-2021. By contrast, France (-1.0%), the United States (-5.1%) and Denmark (-5.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy and the Netherlands increased by +3.4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported flat pallets and pallet collars of wood into Puerto Rico, comprising 26% of global imports. The second position in the ranking was held by France ($X), with a 7.6% share of global imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +8.7%. In the other countries, the average annual rates were as follows: France (+6.8% per year) and Italy (+11.9% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, flattening at the previous year. Overall, the import price saw 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 the United States ($X per thousand units), while the Netherlands ($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 (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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