Cuba: Ball Market 2022

Ball Market Size in Cuba

The Cuban ball market amounted to $X in 2021, therefore, remained relatively stable 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). In general, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ball Exports

Exports from Cuba

For the third year in a row, Cuba recorded decline in shipments abroad of balls, which decreased by -79.3% to X units in 2021. Overall, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 1,858% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ball exports fell remarkably to $X in 2021. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 1,608% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X units) and Costa Rica (X units) were the main destinations of ball exports from Cuba.

From 2012 to 2021, the biggest increases were in Georgia (with a CAGR of 0.0%).

In value terms, Costa Rica ($X) and Georgia ($X) were the largest markets for ball exported from Cuba worldwide.

Georgia, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average ball export price stood at $X per unit in 2021, dropping by -13.1% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 80%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Georgia amounted to $X per unit.

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

Ball Imports

Imports into Cuba

In 2021, approx. X units of balls were imported into Cuba; picking up by 13% against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 95%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, ball imports fell to $X in 2021. Over the period under review, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 56% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest ball supplier to Cuba, with a 69% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Panama (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.7% per year) and Panama (-3.3% per year).

In value terms, the largest ball suppliers to Cuba were Spain ($X), China ($X) and Panama ($X), with a combined 76% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +28.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ball import price stood at $X per unit in 2021, reducing by -16% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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