Report Update Nov 1, 2024

Cuba - Apparel of Leather or of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Leather Apparel Market 2024

Leather Apparel Market Size in Cuba

In 2021, the Cuban leather apparel market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Leather Apparel Production in Cuba

In value terms, leather apparel production expanded sharply to $X in 2021 estimated in export price. In general, production recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of 23%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Leather Apparel Exports

Exports from Cuba

In 2020, approx. X units of apparel of leather or of composition leather were exported from Cuba; flattening at the previous year's figure. In general, exports recorded a sharp shrinkage. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, leather apparel exports reduced markedly to $X in 2020. Overall, exports continue to indicate a sharp downturn. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Peru (X units) was the main destination for leather apparel exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Peru was relatively modest.

In value terms, Peru ($X) emerged as the key foreign market for apparel of leather or of composition leather exports from Cuba.

From 2012 to 2020, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

In 2020, the average leather apparel export price amounted to $X per unit, with a decrease of -20.1% against the previous year. Over the period under review, the export price, however, enjoyed a modest expansion. The export price peaked at $X per unit in 2019, and then shrank significantly in the following year.

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

From 2012 to 2020, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Leather Apparel Imports

Imports into Cuba

In 2021, leather apparel imports into Cuba soared to X units, growing by 41% compared with the previous year's figure. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,307%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, leather apparel imports rose slightly to $X in 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 668%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Panama (X units) was the main leather apparel supplier to Cuba, accounting for a 97% share of total imports. It was followed by Spain (X units), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-16.0% per year) and China (-30.5% per year).

In value terms, Panama ($X) constituted the largest supplier of apparel of leather or of composition leather to Cuba, comprising 96% of total imports. The second position in the ranking was taken by China ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.9% per year) and Spain (-34.1% per year).

Import Prices by Country

In 2021, the average leather apparel import price amounted to $X per unit, which is down by -26.3% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 150% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apparel of leather or of composition leather in the world?

The country with the largest volume of leather apparel consumption was China, comprising approx. 55% of total volume. Moreover, leather apparel consumption in China exceeded the figures recorded by the second-largest consumer, Italy, more than tenfold. India ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of apparel of leather or of composition leather in the world?

The country with the largest volume of leather apparel production was China, comprising approx. 57% of total volume. Moreover, leather apparel production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Italy, with a 5.6% share.

What are the leading suppliers of apparel of leather or of composition leather to Cuba?

In value terms, China, Mexico and Panama constituted the largest leather apparel suppliers to Cuba, together accounting for 80% of total imports.

What is the average export price for apparel of leather or of composition leather in Cuba?

In 2020, the average leather apparel export price amounted to $195 per unit, growing by 60% against the previous year.

What is the average import price for apparel of leather or of composition leather in Cuba?

The average leather apparel import price stood at $73 per unit in 2021, waning by -49.1% against the previous year.

This report provides an in-depth analysis of the leather apparel 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 14111000 - Articles of apparel of leather or of composition leather (including coats and overcoats) (excluding clothing accessories, headgear, footwear)

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