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Report Cuba - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Cuba - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Boring Machinery Market 2025

Boring Machinery Market Size in Cuba

The Cuban boring machinery market stood at $X in 2022, increasing by 6.3% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Boring Machinery Production in Cuba

In value terms, boring machinery production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 101%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Boring Machinery Exports

Exports from Cuba

In 2014, approx. X units of boring or sinking machinery were exported from Cuba; almost unchanged from the year before. Over the period under review, exports showed a precipitous descent. The smallest decline of 99.9% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports stood at $X in 2014. In general, exports recorded a sharp curtailment. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units) was the main destination for boring machinery exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of volume to Niger was relatively modest.

From 2012 to 2014, the average annual rate of growth in terms of value to Niger was relatively modest.

Export Prices by Country

In 2014, the average boring machinery export price amounted to $X per unit, approximately equating the previous year. In general, the export price saw a significant increase. The pace of growth was the most pronounced in 2013 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2014 and is likely to continue growth in the immediate term.

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

From 2012 to 2014, the rate of growth in terms of prices for Niger amounted to 0.0% per year.

Boring Machinery Imports

Imports into Cuba

In 2022, boring machinery imports into Cuba stood at X units, standing approx. at 2021 figures. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, boring machinery imports dropped rapidly to $X in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 571% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X units) constituted the largest boring machinery supplier to Cuba, accounting for a approx. 50% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of boring or sinking machinery to Cuba, comprising 22% of total imports. The second position in the ranking was held by Spain ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-42.9% per year) and Canada (-13.7% per year).

Import Prices by Country

In 2022, the average boring machinery import price amounted to $X per unit, falling by -16.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 578%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Spain, Canada and Indonesia, with a combined 38% share of global consumption. Japan, South Africa, Germany, China, Italy, the United Arab Emirates, France, Syrian Arab Republic, Singapore and Nigeria lagged somewhat behind, together comprising a further 34%.
The countries with the highest volumes of in 2021 were Indonesia, Canada and Spain, together comprising 37% of global production. Italy, Japan, the United Arab Emirates, Germany, South Africa, the Netherlands, China, Singapore, Syrian Arab Republic and the UK lagged somewhat behind, together comprising a further 42%.
In value terms, Italy constituted the largest supplier of boring machinery to Cuba, comprising 15% of total imports. The second position in the ranking was occupied by Spain $131), with a 0.4% share of total imports.
In 2014, the average boring machinery export price amounted to $10 per unit, remaining relatively unchanged against the previous year.
The average boring machinery import price stood at $371 per unit in 2021, picking up by 484% against the previous year.

This report provides an in-depth analysis of the boring machinery 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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