Report Update Nov 1, 2024

Cuba - Electric Radiators and Convection Heaters - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electric Radiator Market 2024

Electric Radiator Market Size in Cuba

The Cuban electric radiator market fell modestly to $X in 2021, dropping by -4.8% against the previous year. Over the period under review, consumption showed a abrupt contraction. Electric radiator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Radiator Production in Cuba

In value terms, electric radiator production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 8.1%. Electric radiator production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Radiator Exports

Exports from Cuba

In 2019, overseas shipments of electric radiators and convection heaters decreased by 0% to X units for the first time since 2016, thus ending a two-year declining trend. In general, exports saw a dramatic decrease. The smallest decline of 99.9% was in 2017. The exports peaked at X units in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, electric radiator exports contracted to $X in 2019. Over the period under review, exports saw a precipitous setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2019, the average annual rate of growth in terms of volume to Angola was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Angola was relatively modest.

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2019, leveling off at the previous year. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

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

From 2012 to 2019, the rate of growth in terms of prices for Angola amounted to 0.0% per year.

Electric Radiator Imports

Imports into Cuba

In 2021, purchases abroad of electric radiators and convection heaters decreased by -14.3% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 603%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electric radiator imports declined modestly to $X in 2021. Over the period under review, imports faced a sharp downturn. The pace of growth was the most pronounced in 2015 with an increase of 415%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Mexico (X units) and Canada (X units) were the main suppliers of electric radiator imports to Cuba, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of electric radiators and convection heaters to Cuba, comprising 44% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-35.6% per year) and Mexico (+14.4% per year).

Import Prices by Country

In 2021, the average electric radiator import price amounted to $X per unit, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2017 an increase of 137% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+29.7%), 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 radiators and convection heaters in the world?

South Africa remains the largest electric radiator consuming country worldwide, comprising approx. 62% of total volume. Moreover, electric radiator consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, eightfold. The third position in this ranking was occupied by China, with a 3.7% share.

What are the largest producers of electric radiators and convection heaters in the world?

The country with the largest volume of electric radiator production was China, accounting for 59% of total volume. Moreover, electric radiator production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Russia ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of electric radiators and convection heaters to Cuba?

In value terms, Venezuela constituted the largest supplier of electric radiator to Cuba.

What is the average import price for electric radiators and convection heaters in Cuba?

The average electric radiator import price stood at $109 per unit in 2021, shrinking by -15.3% against the previous year.

This report provides an in-depth analysis of the electric radiator 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

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