Puerto Rico: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Puerto Rico

The Puerto Rican market for non-woven, felt and coated textile garments declined to $X in 2021, reducing by -3% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +3.1% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Non-Woven, Felt and Coated Textile Garments in Puerto Rico

In value terms, production of non-woven, felt and coated textile garments fell slightly to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.4% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 132%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports from Puerto Rico

In 2021, approx. less than X units of non-woven, felt and coated textile garments were exported from Puerto Rico; standing approx. at 2020 figures. In general, exports saw a relatively flat trend pattern.

In value terms, exports of non-woven, felt and coated textile garments stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

China was the largest exporting country with an export of around X units, which reached 43% of total exports. It was distantly followed by the United States (X units), Bangladesh (X units), Vietnam (X units) and Cambodia (X units), together achieving a 22% share of total exports. Spain (X units), Thailand (X units), the Netherlands (X units), Germany (X units), Turkey (X units), France (X units), Belgium (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-woven, felt and coated textile garment exports from China stood at +2.9%. At the same time, Turkey (+48.9%), Bangladesh (+27.6%), Cambodia (+19.2%), Spain (+17.2%), the United States (+15.0%), the Netherlands (+14.6%), Vietnam (+11.1%), Germany (+9.4%), Thailand (+9.3%), France (+8.0%) and Belgium (+6.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.9% from 2012-2021. Italy experienced a relatively flat trend pattern. From 2012 to 2021, the share of Bangladesh, the United States, Cambodia, Spain, Turkey and Vietnam increased by +4.6, +3, +3, +2.3, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-woven, felt and coated textile garment supplier from Puerto Rico, comprising 36% of global exports. The second position in the ranking was held by Vietnam ($X), with a 7.7% share of global exports. It was followed by Italy, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+5.3% per year) and Italy (-4.8% per year).

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 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 Italy ($X per thousand units), while the United States ($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 Cambodia (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports into Puerto Rico

In 2021, approx. less than X units of non-woven, felt and coated textile garments were imported into Puerto Rico; almost unchanged from 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, imports of non-woven, felt and coated textile garments amounted to less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units) represented the major importer of non-woven, felt and coated textile garments, creating 39% of total imports. Germany (X units) ranks second in terms of the total imports with a 6.6% share, followed by France (4.8%). The following importers - Spain (X units), the UK (X units), Italy (X units), the Netherlands (X units), Belgium (X units), Japan (X units), Canada (X units), Poland (X units), Denmark (X units) and the Philippines (X units) - together made up 25% of total imports.

Imports into the United States increased at an average annual rate of +12.1% from 2012 to 2021. At the same time, Poland (+24.0%), Spain (+13.4%), Italy (+13.2%), Denmark (+12.1%), Canada (+11.6%), Belgium (+10.6%), the Netherlands (+8.1%), Germany (+7.6%), France (+6.6%), the UK (+4.4%) and Japan (+2.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +24.0% from 2012-2021. By contrast, the Philippines (-17.8%) illustrated a downward trend over the same period. The United States (+10 p.p.) significantly strengthened its position in terms of the global imports, while Japan and the Philippines saw its share reduced by -1.5% and -4.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported non-woven, felt and coated textile garments into Puerto Rico, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of global imports. It was followed by France, with a 6.5% share.

In the United States, imports of non-woven, felt and coated textile garments expanded at an average annual rate of +5.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and France (+5.4% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, flattening at the previous year. Overall, the import price recorded 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 Canada ($X per thousand units), while the United States ($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 Philippines (+38.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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