Cuba: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Cuba

The Cuban electrical signalling apparatus market rose modestly to $X in 2022, picking up by 4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep slump. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from Cuba

In 2022, overseas shipments of electrical apparatus for sound or visual signalling increased by 22% to X units, rising for the third year in a row after four years of decline. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 177%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports reduced slightly to $X in 2022. In general, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 244% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units), Russia (X units) and Ukraine (X units) were the main destinations of electrical signalling apparatus exports from Cuba, together comprising 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Russia ($X), Spain ($X) and Ukraine ($X) constituted the largest markets for electrical signalling apparatus exported from Cuba worldwide, with a combined 68% share of total exports.

Spain, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, reducing by -22.1% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 134%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Angola ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Signalling Apparatus Imports

Imports into Cuba

In 2022, the amount of electrical apparatus for sound or visual signalling imported into Cuba surged to X units, rising by 22% on 2021 figures. Overall, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 273%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports fell to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 236%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest electrical signalling apparatus supplier to Cuba, accounting for a 30% share of total imports. Moreover, electrical signalling apparatus imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The UK (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.3% per year) and the UK (+11.0% per year).

In value terms, the largest electrical signalling apparatus suppliers to Cuba were Spain ($X), Panama ($X) and the UK ($X), together comprising 47% of total imports.

Panama, with a CAGR of +16.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical signalling apparatus import price stood at $X per unit in 2022, with a decrease of -23.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 66% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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