Puerto Rico: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Puerto Rico

The Puerto Rican market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels contracted modestly to $X in 2021, falling by -2.1% against the previous year. Overall, consumption recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Puerto Rico

In value terms, grease fittings and oil seals production reduced modestly to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 48% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports by Country

China represented the largest exporting country with an export of about X units, which resulted at 67% of total exports. Germany (X units) held the second position in the ranking, distantly followed by France (X units). All these countries together took near 13% share of total exports. The Czech Republic (X units), Spain (X units), the United States (X units), Taiwan (Chinese) (X units) and Italy (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +19.0% from 2012 to 2021. At the same time, Spain (+23.9%), the Czech Republic (+17.6%), Germany (+9.6%), the United States (+2.0%) and Italy (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.9% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, France (-9.1%) illustrated a downward trend over the same period. China (+26 p.p.) significantly strengthened its position in terms of the global exports, while Italy, the United States, Taiwan (Chinese), Germany and France saw its share reduced by -1.5%, -2.2%, -2.2%, -3.3% and -8.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of exports in 2021, together accounting for 48% of total exports.

Among the main exporting countries, China, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per thousand units), while China ($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 France (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports by Country

In 2021, Germany (X units), distantly followed by France (X units) and the United States (X units) were the key importers of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, together committing 34% of total imports. China (X units), Denmark (X units), Spain (X units), the Czech Republic (X units), Finland (X units), Austria (X units), Italy (X units), Poland (X units), the Netherlands (X units) and Marshall Islands (X units) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +10.9% from 2012 to 2021. At the same time, Marshall Islands (+48.1%), Denmark (+25.3%), Finland (+19.4%), Spain (+14.9%), France (+12.3%), the Czech Republic (+12.2%), Austria (+10.8%), Poland (+10.4%), Italy (+7.2%), the United States (+3.6%) and China (+1.6%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in the world, with a CAGR of +48.1% from 2012-2021. By contrast, the Netherlands (-1.6%) illustrated a downward trend over the same period. While the share of Germany (+6.6 p.p.), France (+3.8 p.p.), Denmark (+3.2 p.p.), Marshall Islands (+2.1 p.p.), Finland (+2.1 p.p.) and Spain (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of China (-2 p.p.) and the Netherlands (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 27% of total imports. These countries were followed by France, the Netherlands, Italy, Marshall Islands, Austria, Spain, Poland, the Czech Republic, Denmark and Finland, which together accounted for a further 22%.

Marshall Islands, with a CAGR of +35.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per thousand units), while Finland ($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 (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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