Report Update Nov 1, 2024

Cuba - Cranks and Crankshafts - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Cuba

In 2021, the Cuban cranks and crankshafts market decreased by -22.6% to $X, falling for the fourth year in a row after six years of growth. Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Cranks And Crankshafts Exports

Exports from Cuba

In 2021, shipments abroad of cranks and crankshafts increased by 2% to X kg, rising for the second consecutive year after six years of decline. Overall, exports posted pronounced growth. The pace of growth appeared the most rapid in 2013 with an increase of 113%. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, cranks and crankshafts exports contracted rapidly to $X in 2021. Over the period under review, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2020 when exports increased by 91% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Germany (X kg) was the main destination for cranks and crankshafts exports from Cuba, with a 98% share of total exports. It was followed by Belgium (X kg), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +8.7%.

In value terms, Germany ($X) remains the key foreign market for cranks and crankshafts exports from Cuba, comprising 99.9% of total exports. The second position in the ranking was taken by Belgium ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +14.5%.

Export Prices by Country

In 2021, the average cranks and crankshafts export price amounted to $X per ton, which is down by -26.1% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2019 an increase of 80%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.4%).

Cranks And Crankshafts Imports

Imports into Cuba

In 2021, supplies from abroad of cranks and crankshafts decreased by -22.7% to X tons, falling for the fourth consecutive year after six years of growth. In general, imports saw a deep setback. The growth pace was the most rapid in 2016 with an increase of 46%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cranks and crankshafts imports fell sharply to $X in 2021. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest cranks and crankshafts supplier to Cuba, accounting for a 56% share of total imports. Moreover, cranks and crankshafts imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Mexico (+8.3% per year).

In value terms, Russia ($X) constituted the largest supplier of cranks and crankshafts to Cuba, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and Germany (-17.0% per year).

Import Prices by Country

In 2021, the average cranks and crankshafts import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), 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 cranks and crankshafts in the world?

The United States constituted the country with the largest volume of cranks and crankshafts consumption, accounting for 57% of total volume. Moreover, cranks and crankshafts consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by India, with a 4.4% share.

What are the largest producers of cranks and crankshafts in the world?

The United States remains the largest cranks and crankshafts producing country worldwide, comprising approx. 57% of total volume. Moreover, cranks and crankshafts production in the United States exceeded the figures recorded by the second-largest producer, China, fivefold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the leading suppliers of cranks and crankshafts to Cuba?

In value terms, Russia constituted the largest supplier of cranks and crankshafts to Cuba, comprising 59% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports. It was followed by Mexico, with a 4.7% share.

What are the leading importers of cranks and crankshafts from Cuba?

In value terms, Germany remains the key foreign market for cranks and crankshafts exports from Cuba, comprising 100% of total exports. The second position in the ranking was occupied by Belgium $1), with a 0% share of total exports.

What is the average export price for cranks and crankshafts in Cuba?

In 2021, the average cranks and crankshafts export price amounted to $41,045 per ton, picking up by 20% against the previous year.

What is the average import price for cranks and crankshafts in Cuba?

The average cranks and crankshafts import price stood at $18,761 per ton in 2021, which is down by -27.6% against the previous year.

This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

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