Cuba: Construction Sands Market 2024

Construction Sands Market Size in Cuba

The Cuban construction sands market declined modestly to $X in 2022, remaining constant against the previous year. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Construction Sands Production in Cuba

In value terms, construction sands production fell to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 54% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Construction Sands Exports

Exports from Cuba

In 2022, after two years of decline, there was significant growth in overseas shipments of construction sands, when their volume increased by 586% to X tons. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 2,191%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, construction sands exports surged to $X in 2022. In general, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,233%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) and Belgium (X tons) were the main destinations of construction sands exports from Cuba.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +93.2%).

In value terms, Spain ($X) also remains the key foreign market for construction sands exports from Cuba.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +65.6%.

Export Prices by Country

In 2022, the average construction sands export price amounted to $X per ton, picking up by 81% against the previous year. Overall, the export price, however, recorded a sharp descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium amounted to less than $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-14.0%).

Construction Sands Imports

Imports into Cuba

After three years of growth, purchases abroad of construction sands decreased by -7.3% to X tons in 2022. Overall, imports recorded a sharp curtailment. The growth pace was the most rapid in 2015 when imports increased by 372% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, construction sands imports declined slightly to $X in 2022. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 437%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main supplier of construction sands to Cuba, with a 1,069% share of total imports. Moreover, construction sands imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+40.3% per year) and Canada (-1.5% per year).

In value terms, Spain ($X) constituted the largest supplier of construction sands to Cuba, comprising 544% of total imports. The second position in the ranking was taken by Canada ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-16.1% per year) and France (-23.2% per year).

Import Prices by Country

The average construction sands import price stood at $X per ton in 2022, increasing by 7.3% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction sands import price decreased by -20.0% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 56%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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