Report Update May 1, 2024

Puerto Rico - Festive or Carnival Articles - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Festive Articles Market 2022

Festive Articles Market Size in Puerto Rico

After three years of growth, the Puerto Rican festive articles market decreased by -2.3% to $X in 2021. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.4% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Festive Articles Production in Puerto Rico

In value terms, festive articles production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Festive Articles Exports

Exports by Country

China prevails in exports structure, reaching X tons, which was near 80% of total exports in 2021. It was distantly followed by the United States (X tons), mixing up a 1.5% share of total exports. The Netherlands (X tons), Mexico (X tons), Hong Kong SAR (X tons) and Belgium (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the festive or carnival articles exports, with a CAGR of +18.4% from 2012 to 2021. At the same time, the Netherlands (+16.3%) displayed positive paces of growth. By contrast, Belgium (-3.3%), Mexico (-3.4%), the United States (-8.1%) and Hong Kong SAR (-17.3%) illustrated a downward trend over the same period. China (+37 p.p.) significantly strengthened its position in terms of the global exports, while Belgium, Mexico, the United States and Hong Kong SAR saw its share reduced by -2.3%, -5.8%, -6.2% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest festive articles supplier from Puerto Rico, comprising 82% of global exports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of global exports. It was followed by the Netherlands, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +30.5%. In the other countries, the average annual rates were as follows: the United States (-3.0% per year) and the Netherlands (+9.5% 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.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the other leaders experienced more modest paces of growth.

Festive Articles Imports

Imports by Country

The United States dominates imports structure, amounting to X tons, which was approx. 57% of total imports in 2021. The UK (X tons), India (X tons), the Netherlands (X tons), Germany (X tons), Canada (X tons), Saudi Arabia (X tons), Hong Kong SAR (X tons), Brazil (X tons), France (X tons) and Italy (X tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +14.3% from 2012 to 2021. At the same time, India (+19.8%), Saudi Arabia (+7.4%), the Netherlands (+6.3%) and Germany (+1.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +19.8% from 2012-2021. France and the UK experienced a relatively flat trend pattern. By contrast, Italy (-1.3%), Canada (-3.8%), Brazil (-10.3%) and Hong Kong SAR (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and India increased by +22 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported festive or carnival articles into Puerto Rico, comprising 50% of global imports. The second position in the ranking was taken by the UK ($X), with a 5.9% share of global imports. It was followed by Canada, with a 3.8% share.

In the United States, festive articles imports expanded at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (+2.6% per year) and Canada (-2.6% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for festive or carnival articles in the world?

The countries with the highest volumes of consumption in 2021 were the United States, China and India, together accounting for 63% of global consumption.

What are the largest producers of festive or carnival articles in the world?

China constituted the country with the largest volume of festive articles production, accounting for 71% of total volume. Moreover, festive articles production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was taken by Pakistan, with a 2.7% share.

What are the leading suppliers of festive or carnival articles to Puerto Rico?

In value terms, the United States constitutes the largest market for imported festive or carnival articles into Puerto Rico, comprising 50% of global imports. The second position in the ranking was held by the UK, with a 5.9% share of global imports. It was followed by Canada, with a 3.8% share.

What are the leading importers of festive or carnival articles from Puerto Rico?

In value terms, China remains the largest festive articles supplier from Puerto Rico, comprising 82% of global exports. The second position in the ranking was held by the United States, with a 2.8% share of global exports. It was followed by the Netherlands, with a 2.5% share.

What is the average export price for festive or carnival articles in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately equating the previous year.

What is the average import price for festive or carnival articles in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the festive articles 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 32995150 - Festive, carnival or other entertainment articles, n.e.c.

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