Report Update Nov 1, 2024

Cuba - Amino-Resins, Phenolic Resins and Polyurethanes (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Amino-Resin Market 2024

Amino-Resin Market Size in Cuba

The Cuban amino-resin market soared to $X in 2021, rising by 22% 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). Overall, consumption, however, showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Amino-Resin Exports

Exports from Cuba

In 2020, approx. X kg of amino-resins, phenolic resins and polyurethanes (in primary forms) were exported from Cuba; remaining stable against the year before. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 5,264%. As a result, the exports reached the peak of X tons. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, amino-resin exports amounted to $X in 2020. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 5,255% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X kg) was the main destination for amino-resin exports from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2013 to 2020, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2020, flattening at the previous year. Over the period under review, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 27%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

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

From 2013 to 2020, the rate of growth in terms of prices for Panama amounted to -0.2% per year.

Amino-Resin Imports

Imports into Cuba

In 2021, amino-resin imports into Cuba skyrocketed to X tons, jumping by 27% on the previous year. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 99% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, amino-resin imports soared to $X in 2021. In general, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 108%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), China (X tons) and Brazil (X tons) were the main suppliers of amino-resin imports to Cuba, together comprising 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +29.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Cuba, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Brazil, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.7% per year) and Brazil (-13.0% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2021, falling by -5.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 40%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Germany ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for amino-resins, phenolic resins and polyurethanes (in primary forms) in the world?

The United States constituted the country with the largest volume of amino-resin consumption, accounting for 45% of total volume. Moreover, amino-resin consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. India ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of amino-resins, phenolic resins and polyurethanes (in primary forms) in the world?

The United States constituted the country with the largest volume of amino-resin production, comprising approx. 46% of total volume. Moreover, amino-resin production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. India ranked third in terms of total production with a 6% share.

What are the leading suppliers of amino-resins, phenolic resins and polyurethanes (in primary forms) to Cuba?

In value terms, Spain, Brazil and Italy constituted the largest amino-resin suppliers to Cuba, with a combined 86% share of total imports. China and Germany lagged somewhat behind, together comprising a further 13%.

What is the average export price for amino-resins, phenolic resins and polyurethanes (in primary forms) in Cuba?

In 2020, the average amino-resin export price amounted to $1,819 per ton, approximately mirroring the previous year.

What is the average import price for amino-resins, phenolic resins and polyurethanes (in primary forms) in Cuba?

In 2021, the average amino-resin import price amounted to $2,958 per ton, with a decrease of -12.1% against the previous year.

This report provides an in-depth analysis of the amino-resin 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 20165550 - Urea resins and thiourea resins, in primary forms
Prodcom 20165570 - Melamine resins, in primary forms
Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)
Prodcom 20165650 - Phenolic resins, in primary forms
Prodcom 20165670 - Polyurethanes, in primary forms

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