Report Update Nov 1, 2024

Cuba - Alumina - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Alumina Market 2024

Alumina Market Size in Cuba

The Cuban alumina market reduced remarkably to $X in 2021, shrinking by -45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Alumina Exports

Exports from Cuba

In 2017, the amount of alumina exported from Cuba was estimated at X tons, remaining relatively unchanged against 2016 figures. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure in 2017 and are expected to retain growth in the near future.

In value terms, alumina exports totaled $X in 2017. In general, exports posted significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for alumina exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2017, the average annual growth rate of volume to Germany was relatively modest.

From 2015 to 2017, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

The average alumina export price stood at $X per ton in 2017, approximately mirroring the previous year. Overall, the export price saw a dramatic decline. The growth pace was the most rapid in 2016 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2017, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2015 to 2017, the rate of growth in terms of prices for Germany amounted to 0.0% per year.

Alumina Imports

Imports into Cuba

Alumina imports into Cuba fell notably to X tons in 2021, waning by -36.4% on the previous year's figure. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 454% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, alumina imports declined dramatically to $X in 2021. Overall, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2018 when imports increased by 497%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons) and Spain (X tons) were the main suppliers of alumina imports to Cuba.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of -5.1%).

In value terms, China ($X) and Spain ($X) constituted the largest alumina suppliers to Cuba.

In terms of the main suppliers, Spain, with a CAGR of -14.7%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average alumina import price amounted to $X per ton, which is down by -32.9% against the previous year. In general, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+31.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for alumina in the world?

The country with the largest volume of alumina consumption was China, comprising approx. 52% of total volume. Moreover, alumina consumption in China exceeded the figures recorded by the second-largest consumer, Australia, fourfold. Russia ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of alumina in the world?

China remains the largest alumina producing country worldwide, accounting for 54% of total volume. Moreover, alumina production in China exceeded the figures recorded by the second-largest producer, Australia, fourfold. Brazil ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of alumina to Cuba?

In value terms, Spain constituted the largest supplier of alumina to Cuba, comprising 92% of total imports. The second position in the ranking was occupied by Austria, with a 7.7% share of total imports.

What is the average export price for alumina in Cuba?

In 2017, the average alumina export price amounted to $282 per ton, approximately equating the previous year.

What is the average import price for alumina in Cuba?

The average alumina import price stood at $1,314 per ton in 2020, shrinking by -4.5% against the previous year.

This report provides an in-depth analysis of the alumina market in Cuba. 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 24421200 - Aluminium oxide (excluding artificial corundum)

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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