Report Update May 1, 2024

Puerto Rico - Base Metal Keys - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Base Metal Keys Market 2024

Base Metal Keys Market Size in Puerto Rico

The Puerto Rican base metal keys market rose markedly to $X in 2021, growing by 8.6% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.4% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Base Metal Keys Production in Puerto Rico

In value terms, base metal keys production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 decreased by -17.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Base Metal Keys Exports

Exports by Country

China represented the main exporting country with an export of around X tons, which recorded 31% of total exports. Italy (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Spain (11%), Mexico (9.4%) and the United States (6.7%). Germany (X tons), Taiwan (Chinese) (X tons), Colombia (X tons), Peru (X tons), South Korea (X tons), Hong Kong SAR (X tons) and Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of base metal keys. At the same time, Colombia (+56.1%), Mexico (+7.0%) and Spain (+1.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in the world, with a CAGR of +56.1% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Germany (-1.6%), Peru (-3.9%), Japan (-5.3%), Taiwan (Chinese) (-5.5%), the United States (-5.9%), Hong Kong SAR (-7.9%) and South Korea (-22.8%) illustrated a downward trend over the same period. While the share of Mexico (+4.3 p.p.) and China (+2.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-1.5 p.p.), South Korea (-4.7 p.p.) and the United States (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal keys supplying countries from Puerto Rico were Italy ($X), Germany ($X) and China ($X), with a combined 43% share of total exports. Spain, the United States, Mexico, Japan, Taiwan (Chinese), Hong Kong SAR, South Korea, Peru and Colombia lagged somewhat behind, together comprising a further 32%.

Among the main exporting countries, Colombia, with a CAGR of +53.4%, 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.

Base Metal Keys Imports

Imports by Country

In 2021, the United States (X tons), followed by Germany (X tons), Mexico (X tons) and France (X tons) represented the main importers of base metal keys, together creating 31% of total imports. The UK (X tons), Italy (X tons), Poland (X tons), Brazil (X tons), India (X tons), the Netherlands (X tons), Chile (X tons), Canada (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal keys importing markets into Puerto Rico were the United States ($X), Germany ($X) and France ($X), with a combined 27% share of total imports. These countries were followed by Mexico, the UK, Italy, Canada, the Netherlands, Poland, India, Brazil, Chile and Nigeria, which together accounted for a further 27%.

Chile, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal keys in the world?

The countries with the highest volumes of consumption in 2021 were Italy, China and India, with a combined 61% share of global consumption. These countries were followed by the United States, Russia, Indonesia, Bangladesh, Finland, Japan, Mexico and Turkey, which together accounted for a further 23%.

What are the largest producers of base metal keys in the world?

The countries with the highest volumes of production in 2021 were Italy, China and India, with a combined 68% share of global production. These countries were followed by the United States, Russia, Indonesia, Spain, Finland, Bangladesh, Mexico, Japan and Turkey, which together accounted for a further 24%.

What are the leading suppliers of base metal keys to Puerto Rico?

In value terms, the United States, Germany and France constituted the countries with the highest levels of imports in 2021, together accounting for 27% of total imports. These countries were followed by Mexico, the UK, Italy, Canada, the Netherlands, Poland, India, Brazil, Chile and Nigeria, which together accounted for a further 27%.

What are the leading importers of base metal keys from Puerto Rico?

In value terms, the largest base metal keys supplying countries from Puerto Rico were Italy, Germany and China, with a combined 43% share of total exports. These countries were followed by Spain, the United States, Mexico, Japan, Taiwan Chinese), Hong Kong SAR, South Korea, Peru and Colombia, which together accounted for a further 32%.

This report provides an in-depth analysis of the base metal keys 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 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)

Country coverage:

Puerto Rico

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023