Report Update Nov 1, 2024

Cuba - Electrical Fuses - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electrical Fuse Market 2024

Electrical Fuse Market Size in Cuba

The Cuban electrical fuse market surged to $X in 2021, with an increase of 170% 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). Overall, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electrical Fuse Exports

Exports from Cuba

In 2021, overseas shipments of electrical fuses decreased by -15.2% to X kg, falling for the fifth year in a row after three years of growth. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 130%. Over the period under review, the exports attained the maximum at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, electrical fuse exports dropped dramatically to $X in 2021. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 104%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for electrical fuse exports from Cuba, with a 82% share of total exports. It was followed by Belgium (X kg), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +31.2%.

In value terms, Italy ($X) also remains the key foreign market for electrical fuses exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +31.3%.

Export Prices by Country

The average electrical fuse export price stood at $X per ton in 2021, reducing by -28.3% against the previous year. Overall, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 250%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +0.1% per year.

Electrical Fuse Imports

Imports into Cuba

In 2021, imports of electrical fuses into Cuba skyrocketed to X tons, rising by 145% against 2020. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 145% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, electrical fuse imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of electrical fuse imports to Cuba, with a combined 55% share of total imports. Russia, Argentina, Brazil and Canada lagged somewhat behind, together accounting for a further 9.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +83.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and China ($X) constituted the largest electrical fuse suppliers to Cuba, with a combined 44% share of total imports. Russia, Canada, Brazil and Argentina lagged somewhat behind, together accounting for a further 9.4%.

In terms of the main suppliers, Argentina, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average electrical fuse import price amounted to $X per ton, jumping by 34% against the previous year. Over the period under review, the import price posted a temperate expansion. The growth pace was the most rapid in 2018 an increase of 196%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical fuses in the world?

China constituted the country with the largest volume of electrical fuse consumption, accounting for 29% of total volume. Moreover, electrical fuse consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Nigeria, with a 7.9% share.

What are the largest producers of electrical fuses in the world?

The country with the largest volume of electrical fuse production was China, comprising approx. 32% of total volume. Moreover, electrical fuse production in China exceeded the figures recorded by the second-largest producer, the Dominican Republic, threefold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of electrical fuses to Cuba?

In value terms, China, Spain and Italy appeared to be the largest electrical fuse suppliers to Cuba, together comprising 84% of total imports. These countries were followed by Russia, Panama and Costa Rica, which together accounted for a further 6.2%.

What are the leading importers of electrical fuses from Cuba?

In value terms, Italy remains the key foreign market for electrical fuse exports from Cuba.

What is the average export price for electrical fuses in Cuba?

In 2021, the average electrical fuse export price amounted to $37,654 per ton, reducing by -2.5% against the previous year.

What is the average import price for electrical fuses in Cuba?

The average electrical fuse import price stood at $30,175 per ton in 2021, with an increase of 7.6% against the previous year.

This report provides an in-depth analysis of the electrical fuse 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 27121010 - Fuses for a voltage > 1 kV
Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A

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