Report Update Nov 1, 2024

Cuba - Electric Space Heating Apparatus and Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Cuba

The Cuban electric heating equipment market fell significantly to $X in 2021, which is down by -25.8% against the previous year. Overall, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Electric Heating Equipment Production in Cuba

In value terms, electric heating equipment production fell notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 107%. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Electric Heating Equipment Exports

Exports from Cuba

Electric heating equipment exports from Cuba declined sharply to X units in 2013, with a decrease of 99.9% compared with the previous year. Over the period under review, exports continue to indicate a precipitous descent. Over the period under review, the exports attained the peak figure at X units in 2012, and then reduced sharply in the following year.

In value terms, electric heating equipment exports contracted sharply to $X in 2013. Overall, exports continue to indicate a precipitous decline. Over the period under review, the exports reached the peak figure at $X in 2012, and then fell remarkably in the following year.

Exports by Country

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

From 2012 to 2013, the average annual growth rate of volume to Panama was relatively modest.

In value terms, Panama ($X) emerged as the key foreign market for electric space heating apparatus and soil heating apparatus exports from Cuba.

From 2012 to 2013, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

In 2013, the average electric heating equipment export price amounted to $X per unit, picking up by 609% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price attained 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 Panama.

From 2012 to 2013, the rate of growth in terms of prices for Venezuela amounted to 0.0% per year.

Electric Heating Equipment Imports

Imports into Cuba

In 2021, overseas purchases of electric space heating apparatus and soil heating apparatus decreased by -25% to X units, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 144%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating equipment imports declined to $X in 2021. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2015 when imports increased by 395%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Panama (X units) was the main electric heating equipment supplier to Cuba, accounting for a 93% share of total imports. Moreover, electric heating equipment imports from Panama exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Panama amounted to -15.8%.

In value terms, Canada ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to Cuba, comprising 38% of total imports. The second position in the ranking was taken by Venezuela ($X), with a 16% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (-22.2% per year) and Italy (-37.0% per year).

Import Prices by Country

In 2021, the average electric heating equipment import price amounted to $X per unit, rising by 17% against the previous year. In general, the import price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 106%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for Panama amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric space heating apparatus and soil heating apparatus in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 82% share of global consumption.

What are the largest producers of electric space heating apparatus and soil heating apparatus in the world?

China remains the largest electric heating equipment producing country worldwide, accounting for 84% of total volume. It was followed by India, with a 2.4% share of total production. The third position in this ranking was occupied by Pakistan, with a 1.7% share.

What are the leading suppliers of electric space heating apparatus and soil heating apparatus to Cuba?

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

What is the average export price for electric space heating apparatus and soil heating apparatus in Cuba?

In 2013, the average electric heating equipment export price amounted to $55 per unit, increasing by 34% against the previous year.

What is the average import price for electric space heating apparatus and soil heating apparatus in Cuba?

The average electric heating equipment import price stood at $109 per unit in 2021, declining by -15.6% against the previous year.

This report provides an in-depth analysis of the electric heating equipment 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 27512630 - Electric storage heating radiators
Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
Prodcom 27512690 - Other electric space heaters

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