Report Update Nov 1, 2024

Cuba - Electric Hair Dryers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electric Hair Dryer Market 2024

Electric Hair Dryer Market Size in Cuba

In 2021, the Cuban electric hair dryer market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a perceptible decrease. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Electric Hair Dryer Exports

Exports from Cuba

After two years of decline, shipments abroad of electric hair dryers decreased by -50% to X units in 2020. In general, exports continue to indicate a significant decline. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, electric hair dryer exports shrank significantly to $X in 2020. Over the period under review, exports saw a precipitous slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for electric hair dryer exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Angola was relatively modest.

In value terms, Angola ($X) emerged as the key foreign market for electric hair dryers exports from Cuba.

From 2012 to 2020, the average annual rate of growth in terms of value to Angola amounted to +457.1%.

Export Prices by Country

The average electric hair dryer export price stood at $X per unit in 2020, with an increase of 6.8% against the previous year. Overall, the export price saw a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for Angola amounted to -1.9% per year.

Electric Hair Dryer Imports

Imports into Cuba

In 2021, after two years of decline, there was significant growth in purchases abroad of electric hair dryers, when their volume increased by 188% to X units. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 201%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, electric hair dryer imports surged to $X in 2021. In general, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 302%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Panama (X units) and Spain (X units) were the main suppliers of electric hair dryer imports to Cuba, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +44.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Panama ($X) and Italy ($X) were the largest electric hair dryer suppliers to Cuba, together comprising 86% of total imports.

Spain, with a CAGR of +57.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average electric hair dryer import price amounted to $X per unit, increasing by 2.5% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric hair dryer import price decreased by -9.2% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 34% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.4%), 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 electric hair dryers in the world?

The United States remains the largest electric hair dryer consuming country worldwide, comprising approx. 26% of total volume. Moreover, electric hair dryer consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Malaysia ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of electric hair dryers in the world?

The country with the largest volume of electric hair dryer production was China, comprising approx. 50% of total volume. Moreover, electric hair dryer production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Malaysia ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of electric hair dryers to Cuba?

In value terms, Spain, Panama and Italy appeared to be the largest electric hair dryer suppliers to Cuba, with a combined 83% share of total imports.

What is the average export price for electric hair dryers in Cuba?

The average electric hair dryer export price stood at $15 per unit in 2019, approximately reflecting the previous year.

What is the average import price for electric hair dryers in Cuba?

The average electric hair dryer import price stood at $28 per unit in 2021, dropping by -6.4% against the previous year.

This report provides an in-depth analysis of the electric hair dryer 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 27512310 - Electric hair dryers

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