Report Update Nov 1, 2024

Cuba - Copper Screws, Bolts and Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Copper Screw Market 2024

Copper Screw Market Size in Cuba

In 2021, the Cuban copper screw market increased by 213% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Copper Screw Exports

Exports from Cuba

Copper screw exports from Cuba stood at X kg in 2020, standing approx. at the previous year. In general, exports continue to indicate a drastic downturn. The smallest decline of 99.9% was in 2015. The exports peaked at X kg in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

In value terms, copper screw exports amounted to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2015. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X kg) was the main destination for copper screw exports from Cuba, accounting for a approx. 100% share of total exports.

From 2014 to 2020, the average annual rate of growth in terms of volume to Portugal was relatively modest.

From 2014 to 2020, the average annual growth rate of value to Portugal was relatively modest.

Export Prices by Country

In 2020, the average copper screw export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price posted a buoyant increase. The growth pace was the most rapid in 2015 a decrease of 99.9% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in years to come.

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

From 2014 to 2020, the rate of growth in terms of prices for Montenegro amounted to 0.0% per year.

Copper Screw Imports

Imports into Cuba

In 2021, supplies from abroad of copper screws, bolts and nuts was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 504% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, copper screw imports soared to $X in 2021. Overall, imports, however, showed a deep reduction. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Panama (X tons) constituted the largest supplier of copper screw to Cuba, with a 47% share of total imports. Moreover, copper screw imports from Panama exceeded the figures recorded by the second-largest supplier, Spain (X kg), threefold. The third position in this ranking was held by China (X kg), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.5% per year) and China (+0.5% per year).

In value terms, Panama ($X) constituted the largest supplier of copper screws, bolts and nuts to Cuba, comprising 50% of total imports. The second position in the ranking was held by Spain ($X), with a 7.6% share of total imports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.5% per year) and the Netherlands (+22.2% per year).

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the import price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 86%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+91.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper screws, bolts and nuts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global consumption.

What are the largest producers of copper screws, bolts and nuts in the world?

China remains the largest copper screw producing country worldwide, comprising approx. 27% of total volume. Moreover, copper screw 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 11% share.

What are the leading suppliers of copper screws, bolts and nuts to Cuba?

In value terms, Panama constituted the largest supplier of copper screw to Cuba, comprising 62% of total imports. The second position in the ranking was occupied by Spain, with a 9.5% share of total imports.

What is the average export price for copper screws, bolts and nuts in Cuba?

In 2020, the average copper screw export price amounted to $31,000 per ton, approximately mirroring the previous year.

What is the average import price for copper screws, bolts and nuts in Cuba?

In 2021, the average copper screw import price amounted to $4,520 per ton, surging by 7.3% against the previous year.

This report provides an in-depth analysis of the copper screw 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 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)

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