Cuba: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Cuba

The Cuban continuous-action elevators and conveyors market surged to $X in 2021, picking up by 1,130% 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 showed a significant increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Cuba

In 2020, the amount of continuous-action elevators and conveyors exported from Cuba amounted to X units, stabilizing at the previous year's figure. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, continuous-action elevators and conveyors exports stood at $X in 2020. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for continuous-action elevators and conveyors exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Germany was relatively modest.

From 2015 to 2020, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2020, flattening at the previous year. Over the period under review, the export price showed significant growth. The pace of growth was the most pronounced in 2016 when the average export price decreased by 99.9%. The export price peaked in 2020 and is likely to continue growth in the near future.

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

From 2015 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Continuous-Action Elevators And Conveyors

Imports into Cuba

In 2021, approx. X units of continuous-action elevators and conveyors were imported into Cuba; surging by 1,160% against the year before. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 2,547% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports skyrocketed to $X in 2021. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 111%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of continuous-action elevators and conveyors to Cuba, accounting for a 2.7% share of total imports. Moreover, continuous-action elevators and conveyors imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. Denmark (X units) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +69.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-34.3% per year) and Denmark (0.0% per year).

In value terms, Germany ($X), Belgium ($X) and Denmark ($X) constituted the largest continuous-action elevators and conveyors suppliers to Cuba, with a combined 46% share of total imports. China, Spain and Slovakia lagged somewhat behind, together accounting for a further 4.5%.

China, with a CAGR of +75.9%, 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 more modest paces of growth.

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2021, shrinking by -83.5% against the previous year. Overall, the import price saw a precipitous descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 1,531%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 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 Denmark ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+40.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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