Report Update Nov 1, 2024

Cuba - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Concrete Reinforcing Bar Market 2022

Concrete Reinforcing Bar Market Size in Cuba

The Cuban concrete reinforcing bar market was estimated at $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption, however, recorded prominent growth. Concrete reinforcing bar consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Concrete Reinforcing Bar Production in Cuba

In value terms, concrete reinforcing bar production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 75%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports from Cuba

In 2017, shipments abroad of concrete reinforcing bars decreased by 0% to X tons, falling for the second consecutive year after three years of decline. In general, exports showed a noticeable downturn. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

In value terms, concrete reinforcing bar exports totaled $X in 2017. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 0.7%. As a result, the exports attained the peak of $X. From 2014 to 2017, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for concrete reinforcing bar exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to France was relatively modest.

From 2012 to 2017, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2017, the average concrete reinforcing bar export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2013 an increase of 4.3%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2017, the the average export prices failed to regain momentum.

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

From 2012 to 2017, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Concrete Reinforcing Bar Imports

Imports into Cuba

In 2021, imports of concrete reinforcing bars into Cuba fell markedly to X tons, dropping by -69.9% on 2020 figures. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 26%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports dropped notably to $X in 2021. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Honduras (X tons), Mexico (X tons) and the Dominican Republic (X tons) were the main suppliers of concrete reinforcing bar imports to Cuba, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of -5.3%), while purchases for the other leaders experienced a decline.

In value terms, Honduras ($X), Mexico ($X) and the Dominican Republic ($X) were the largest concrete reinforcing bar suppliers to Cuba, with a combined 92% share of total imports.

Mexico, with a CAGR of -3.9%, saw 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 a decline.

Import Prices by Country

In 2021, the average concrete reinforcing bar import price amounted to $X per ton, surging by 49% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.5%), 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 concrete reinforcing bars in the world?

The country with the largest volume of concrete reinforcing bar consumption was China, accounting for 19% of total volume. Moreover, concrete reinforcing bar consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of concrete reinforcing bars in the world?

The countries with the highest volumes of in 2021 were China, Turkey and the United States, with a combined 38% share of global production. India, Japan, Russia, Brazil, Mexico, Vietnam, the Philippines, Nigeria, Iran and Egypt lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of concrete reinforcing bars to Cuba?

In value terms, Honduras constituted the largest supplier of concrete reinforcing bar to Cuba, comprising 68% of total imports. The second position in the ranking was occupied by Mexico, with a 24% share of total imports.

What is the average export price for concrete reinforcing bars in Cuba?

In 2017, the average concrete reinforcing bar export price amounted to $560 per ton, almost unchanged from the previous year.

What is the average import price for concrete reinforcing bars in Cuba?

In 2021, the average concrete reinforcing bar import price amounted to $718 per ton, surging by 3.9% against the previous year.

This report provides an in-depth analysis of the concrete reinforcing bar 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 2410T241 - Concrete reinforcing bars
Prodcom 24106210 - Hot-rolled concrete reinforcing bars

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