Puerto Rico: Cushion Cover Market 2024

Cushion Cover Market Size in Puerto Rico

The Puerto Rican cushion cover market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a deep reduction. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cushion Cover Production in Puerto Rico

In value terms, cushion cover production soared to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Cushion Cover Exports

Exports from Puerto Rico

Cushion cover exports from Puerto Rico stood at less than X kg in 2021, standing approx. at the previous year. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, cushion cover exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

China was the largest exporter of furnishing articles for car seats in the world, with the volume of exports amounting to X tons, which was approx. 55% of total exports in 2021. It was distantly followed by India (X tons), comprising a 19% share of total exports. The following exporters - Turkey (X tons), Vietnam (X tons), Germany (X tons) and Tanzania (X tons) - together made up 9.6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to cushion cover exports from China stood at +1.4%. At the same time, India (+6.5%), Turkey (+5.3%) and Germany (+1.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.5% from 2012-2021. By contrast, Vietnam (-6.5%) and Tanzania (-10.3%) illustrated a downward trend over the same period. While the share of India (+6.3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Tanzania (-2.1 p.p.), China (-2.4 p.p.) and Vietnam (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Turkey ($X) were the countries with the highest levels of exports in 2021, with a combined 77% share of total exports.

Among the main exporting countries, India, with a CAGR of +7.7%, saw 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 ton in 2021, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the other leaders experienced more modest paces of growth.

Cushion Cover Imports

Imports into Puerto Rico

In 2021, the amount of furnishing articles for car seats imported into Puerto Rico amounted to less than X kg, almost unchanged from the year before. Overall, imports saw a relatively flat trend pattern.

In value terms, cushion cover imports totaled less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

The United States represented the key importer of furnishing articles for car seats in the world, with the volume of imports accounting for X tons, which was approx. 32% of total imports in 2021. It was distantly followed by Germany (X tons), generating a 4.6% share of total imports. The following importers - the UK (X tons), France (X tons), Nigeria (X tons), Kenya (X tons), Japan (X tons), the Netherlands (X tons), Tanzania (X tons), Canada (X tons), Spain (X tons), Italy (X tons) and South Korea (X tons) - together made up 31% of total imports.

From 2012 to 2021, average annual rates of growth with regard to cushion cover imports into the United States stood at +6.7%. At the same time, Nigeria (+29.8%), Tanzania (+14.2%), Kenya (+13.2%), the Netherlands (+11.1%), Canada (+7.6%), the UK (+4.5%), Italy (+4.4%), South Korea (+3.1%) and France (+1.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +29.8% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.1%) and Spain (-1.6%) illustrated a downward trend over the same period. While the share of the United States (+6.7 p.p.), Nigeria (+3.1 p.p.) and Kenya (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-1.8 p.p.) and Japan (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported furnishing articles for car seats into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.6% share of global imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +2.5%. In the other countries, the average annual rates were as follows: Germany (+0.9% per year) and Japan (-0.0% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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