Report Update Nov 1, 2024

Cuba - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Cuba

In 2021, after three years of decline, there was significant growth in the Cuban market for copper bars, rods and profiles, when its value increased by 50% to $X. Over the period under review, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Cuba

In 2016, copper bar, rod and profile exports from Cuba totaled X kg, approximately mirroring the previous year's figure. In general, exports faced a dramatic contraction. The smallest decline of 99.9% was in 2015. Over the period under review, the exports hit record highs at X kg in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports totaled $X in 2016. Overall, exports showed a dramatic downturn. The smallest decline of 99.9% was in 2015. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

Exports by Country

Nicaragua (X kg) was the main destination for copper bar, rod and profile exports from Cuba, with a approx. 100% share of total exports.

From 2014 to 2016, the average annual growth rate of volume to Nicaragua was relatively modest.

From 2014 to 2016, the average annual rate of growth in terms of value to Nicaragua was relatively modest.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2016, approximately equating the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price decreased by 99.9%. The export price peaked in 2016 and is likely to see gradual growth in the near future.

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

From 2014 to 2016, the rate of growth in terms of prices for Nicaragua amounted to 0.0% per year.

Imports of Copper Bars, Rods and Profiles

Imports into Cuba

In 2021, after three years of decline, there was significant growth in supplies from abroad of copper bars, rods and profiles, when their volume increased by 29% to X tons. Over the period under review, imports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when imports increased by 204%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports skyrocketed to $X in 2021. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 147% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and China (X tons) were the main suppliers of copper bar, rod and profile imports to Cuba, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +62.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to Cuba were Italy ($X), Spain ($X) and China ($X), together accounting for 98% of total imports.

Among the main suppliers, Italy, with a CAGR of +59.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for copper bars, rods and profiles amounted to $X per ton, picking up by 29% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper; bars, rods and profiles in the world?

China remains the largest copper; bars, rods and profiles consuming country worldwide, comprising approx. 22% of total volume. Moreover, copper; bars, rods and profiles consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.9% share.

What are the largest producers of copper; bars, rods and profiles in the world?

China remains the largest copper; bars, rods and profiles producing country worldwide, comprising approx. 21% of total volume. Moreover, copper; bars, rods and profiles production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the leading suppliers of copper; bars, rods and profiles to Cuba?

In value terms, Italy, Spain and Canada appeared to be the largest copper; bars, rods and profiles suppliers to Cuba, with a combined 92% share of total imports.

What is the average import price for copper; bars, rods and profiles in Cuba?

The average import price for copper; bars, rods and profiles stood at $7,863 per ton in 2021, with an increase of 8.4% against the previous year.

This report provides an in-depth analysis of the market for copper bar, rod and profile 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 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)

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