Report Update Nov 1, 2024

Cuba - Ballasts for Discharge Lamps or Tubes - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Cuba

In 2021, the Cuban ballast for discharge lamp market was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption showed a sharp contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Cuba

Ballast for discharge lamp exports from Cuba skyrocketed to X units in 2016, increasing by 33,600% on the previous year's figure. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp exports soared to $X in 2016. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama (X units) was the main destination for ballast for discharge lamp exports from Cuba, with a approx. 100% share of total exports.

From 2015 to 2016, the average annual growth rate of volume to Panama was relatively modest.

From 2015 to 2016, the average annual rate of growth in terms of value to Panama was relatively modest.

Export Prices by Country

The average ballast for discharge lamp export price stood at $X per unit in 2016, dropping by -3.4% against the previous year. Over the period under review, the export price showed a noticeable contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2015, and then dropped modestly in the following year.

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

From 2015 to 2016, the rate of growth in terms of prices for Panama amounted to 0.0% per year.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Cuba

In 2021, purchases abroad of ballasts for discharge lamps or tubes decreased by -2.2% to X units, falling for the eighth consecutive year after two years of growth. Overall, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 75% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, ballast for discharge lamp imports rose sharply to $X in 2021. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2013 when imports increased by 138% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ballast for discharge lamp to Cuba, accounting for a 80% share of total imports. Moreover, ballast for discharge lamp imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), eightfold. The third position in this ranking was taken by Ukraine (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-8.9% per year) and Ukraine (+40.7% per year).

In value terms, the largest ballast for discharge lamp suppliers to Cuba were Panama ($X), Ukraine ($X) and China ($X), together comprising 46% of total imports.

Ukraine, with a CAGR of +65.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ballast for discharge lamp import price stood at $X per unit in 2021, picking up by 13% against the previous year. In general, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 100%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+34.8%), 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 ballasts for discharge lamps or tubes in the world?

Hungary remains the largest ballast for discharge lamp consuming country worldwide, comprising approx. 39% of total volume. Moreover, ballast for discharge lamp consumption in Hungary exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Poland, with an 11% share.

What are the largest producers of ballasts for discharge lamps or tubes in the world?

The countries with the highest volumes of in 2021 were Hungary, China and the United States, with a combined 75% share of global production.

What are the leading suppliers of ballasts for discharge lamps or tubes to Cuba?

In value terms, Turkey, Estonia and Germany were the largest ballast for discharge lamp suppliers to Cuba, together accounting for 70% of total imports. Italy and Canada lagged somewhat behind, together comprising a further 30%.

What is the average export price for ballasts for discharge lamps or tubes in Cuba?

In 2016, the average ballast for discharge lamp export price amounted to $3.9 per unit, approximately mirroring the previous year.

What is the average import price for ballasts for discharge lamps or tubes in Cuba?

In 2021, the average ballast for discharge lamp import price amounted to $3.6 per unit, rising by 12% against the previous year.

This report provides an in-depth analysis of the market for ballast for discharge lamp 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 27115013 - Inductors for discharge lamps or tubes
Prodcom 27115015 - Ballasts for discharge lamps or tubes (excluding inductors)

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