Cuba: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Cuba

In 2021, the Cuban plastic tableware and kitchenware market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Plastic Tableware And Kitchenware

Exports from Cuba

In 2021, shipments abroad of plastic tableware and kitchenware was finally on the rise to reach X kg after two years of decline. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 632% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic tableware and kitchenware exports skyrocketed to $X in 2021. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 269% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Angola (X kg) was the main destination for plastic tableware and kitchenware exports from Cuba, accounting for a 91% share of total exports. Moreover, plastic tableware and kitchenware exports to Angola exceeded the volume sent to the second major destination, Guatemala (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Angola totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-51.3% per year) and Costa Rica (-40.9% per year).

In value terms, Angola ($X) emerged as the key foreign market for plastic tableware and kitchenware exports from Cuba, comprising 97% of total exports. The second position in the ranking was held by Guatemala ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Angola amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-14.5% per year) and Costa Rica (-35.0% per year).

Export Prices by Country

In 2021, the average plastic tableware and kitchenware export price amounted to $X per ton, rising by 27% against the previous year. Overall, the export price continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 122% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+75.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into Cuba

In 2021, supplies from abroad of plastic tableware and kitchenware was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 39% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, plastic tableware and kitchenware imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Dominican Republic (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of plastic tableware and kitchenware imports to Cuba, together comprising 66% of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of plastic tableware and kitchenware to Cuba, comprising 38% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with an 18% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+0.3% per year) and Spain (+18.7% per year).

Import Prices by Country

The average plastic tableware and kitchenware import price stood at $X per ton in 2021, surging by 6.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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