Report Update Nov 1, 2024

Cuba - Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Cuba

The Cuban cyclic hydrocarbons market soared to $X in 2021, rising by 38% 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). Overall, consumption, however, continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Cuba

For the fifth year in a row, Cuba recorded growth in shipments abroad of cyclic hydrocarbons, which increased by 8.1% to X tons in 2021. Overall, exports showed moderate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 354%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports reduced modestly to $X in 2021. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 232% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for cyclic hydrocarbons exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +14.3%.

In value terms, Canada ($X) also remains the key foreign market for cyclic hydrocarbons exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled -3.0%.

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, waning by -9.8% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2020 a decrease of -9.8% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -15.2% per year.

Cyclic Hydrocarbons Imports

Imports into Cuba

Cyclic hydrocarbons imports into Cuba expanded to X tons in 2021, surging by 3.1% compared with 2020. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 118% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports surged to $X in 2021. In general, imports, however, showed a noticeable shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of cyclic hydrocarbons to Cuba, with a 44% share of total imports. Moreover, cyclic hydrocarbons imports from Spain exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+4.5% per year) and Germany (+8.2% per year).

In value terms, Spain ($X) constituted the largest supplier of cyclic hydrocarbons to Cuba, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Panama, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.9% per year) and Panama (-4.8% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, jumping by 75% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 82%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.5%), 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 cyclic hydrocarbons in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, with a combined 45% share of global consumption.

What are the largest producers of cyclic hydrocarbons in the world?

The countries with the highest volumes of in 2021 were South Korea, Japan and the United States, with a combined 52% share of global production. These countries were followed by India, Russia, Saudi Arabia, the Netherlands, Singapore, Thailand, the UK, Indonesia, Canada and Iran, which together accounted for a further 30%.

What are the leading suppliers of cyclic hydrocarbons to Cuba?

In value terms, Spain constituted the largest supplier of cyclic hydrocarbons to Cuba, comprising 56% of total imports. The second position in the ranking was occupied by China, with a 22% share of total imports.

What are the leading importers of cyclic hydrocarbons from Cuba?

In value terms, Canada remains the key foreign market for cyclic hydrocarbons exports from Cuba.

What is the average export price for cyclic hydrocarbons in Cuba?

The average cyclic hydrocarbons export price stood at $650 per ton in 2021, picking up by 5.2% against the previous year.

What is the average import price for cyclic hydrocarbons in Cuba?

The average cyclic hydrocarbons import price stood at $1,704 per ton in 2021, increasing by 18% against the previous year.

This report provides an in-depth analysis of the cyclic hydrocarbons 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 20141213 - Cyclohexane
Prodcom 20141215 - Cyclanes, cyclenes and cycloterpenes (excluding cyclohexane)
Prodcom 20141223 - Benzene
Prodcom 20141225 - Toluene
Prodcom 20141243 - o-Xylene
Prodcom 20141245 - p-Xylene
Prodcom 20141247 - m-Xylene and mixed xylene isomers
Prodcom 20141250 - Styrene
Prodcom 20141260 - Ethylbenzene
Prodcom 20141270 - Cumene
Prodcom 20141290 - Other cyclic hydrocarbons

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