Report Update Nov 1, 2024

Cuba - Cylindrical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cylindrical Roller Bearing Market 2022

Cylindrical Roller Bearing Market Size in Cuba

In 2021, the Cuban cylindrical roller bearing market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a mild setback. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from Cuba

In 2020, overseas shipments of cylindrical roller bearings decreased by 0% to X kg for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 400% against the previous year. As a result, the exports reached the peak of X kg. From 2018 to 2020, the growth of the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports stood at $X in 2020. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 462% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X kg) was the main destination for cylindrical roller bearing exports from Cuba, with a approx. 100% share of total exports.

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

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

Export Prices by Country

In 2020, the average cylindrical roller bearing export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price showed a significant increase. The growth pace was the most rapid in 2016 when the average export price increased by 315%. Over the period under review, the average export prices hit record highs in 2020 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 Spain.

From 2015 to 2020, the rate of growth in terms of prices for Belgium amounted to +1,871.5% per year.

Cylindrical Roller Bearing Imports

Imports into Cuba

In 2021, after two years of decline, there was significant growth in overseas purchases of cylindrical roller bearings, when their volume increased by 154% to X tons. Overall, imports showed a modest increase. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 100% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of cylindrical roller bearing to Cuba, with a 72% share of total imports. Moreover, cylindrical roller bearing imports from Russia exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. Mexico (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.9% per year) and Mexico (-16.6% per year).

In value terms, Russia ($X) constituted the largest supplier of cylindrical roller bearing to Cuba, comprising 61% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Mexico, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.8% per year) and Mexico (-18.7% per year).

Import Prices by Country

The average cylindrical roller bearing import price stood at $X per ton in 2021, dropping by -32.1% against the previous year. Over the period under review, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 36%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 Germany (+6.9%), 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 cylindrical roller bearings in the world?

The countries with the highest volumes of cylindrical roller bearing consumption in 2021 were South Africa, China and India, together comprising 47% of global consumption. These countries were followed by Russia, the United States, Brazil, Spain, Romania, Mexico, Japan, Italy and Germany, which together accounted for a further 32%.

What are the largest producers of cylindrical roller bearings in the world?

The countries with the highest volumes of cylindrical roller bearing production in 2021 were China, Germany and Japan, with a combined 50% share of global production. These countries were followed by India, Romania, the United States, Brazil, Slovakia, Kazakhstan, Malaysia, Mexico, Canada and Italy, which together accounted for a further 43%.

What are the leading suppliers of cylindrical roller bearings to Cuba?

In value terms, Spain constituted the largest supplier of cylindrical roller bearing to Cuba, comprising 31% of total imports. The second position in the ranking was occupied by China, with a 14% share of total imports. It was followed by Mexico, with a 12% share.

What is the average export price for cylindrical roller bearings in Cuba?

The average cylindrical roller bearing export price stood at $32,500 per ton in 2020, approximately reflecting the previous year.

What is the average import price for cylindrical roller bearings in Cuba?

The average cylindrical roller bearing import price stood at $20,328 per ton in 2021, declining by -10.5% against the previous year.

This report provides an in-depth analysis of the cylindrical roller bearing 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 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)

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