Cuba: Aluminium Market 2025

Aluminium Market Size in Cuba

In 2021, the Cuban aluminium market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.4% against 2018 indices. Aluminium consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Aluminium Production in Cuba

In value terms, aluminium production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 -32.5% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by 30%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Cuba

For the fourth year in a row, Cuba recorded decline in shipments abroad of aluminum (unwrought, not alloyed), which decreased by -25.9% to X tons in 2021. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2015 when exports increased by 275% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminium exports reduced notably to $X in 2021. Overall, exports showed a perceptible slump. The pace of growth appeared the most rapid in 2015 with an increase of 357% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for aluminium exports from Cuba, accounting for a 75% share of total exports. Moreover, aluminium exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +18.8%.

In value terms, Spain ($X) remains the key foreign market for aluminium exports from Cuba, comprising 86% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +26.3%.

Export Prices by Country

The average aluminium export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.3%).

Aluminium Imports

Imports into Cuba

In 2021, purchases abroad of aluminum (unwrought, not alloyed) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 322% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, aluminium imports amounted to $X in 2021. Overall, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 271% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) was the main aluminium supplier to Cuba, accounting for a 97% share of total imports. It was followed by Spain (X kg), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +6.9%.

In value terms, the Netherlands ($X) constituted the largest supplier of aluminium to Cuba, comprising 95% of total imports. The second position in the ranking was held by Spain ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +5.4%.

Import Prices by Country

The average aluminium import price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 61%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+29.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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