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Report Cuba - Electrical Lighting or Visual Signaling Equipment for Motor Vehicles and Cycles - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Cuba - Electrical Lighting or Visual Signaling Equipment for Motor Vehicles and Cycles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Cuba

The Cuban market for electrical lighting or visual signaling equipment for motor vehicles and cycles skyrocketed to $X in 2021, jumping by 55% 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, showed a abrupt slump. Lighting equipment for motor vehicles consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Cuba

For the fifth consecutive year, Cuba recorded decline in overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles, which decreased by -33.3% to X units in 2020. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2015 when exports increased by 224% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, lighting equipment for motor vehicles exports fell rapidly to $X in 2020. Over the period under review, exports saw a precipitous decline. The smallest decline of -20.6% was in 2014. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Russia ($X) emerged as the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -15.5%.

Export Prices by Country

In 2020, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, surging by 2.6% against the previous year. Over the period under review, the export price showed a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 280% against the previous year. Over the period under review, the average export prices reached the maximum in 2020 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Russia totaled $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-8.8%).

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Cuba

After four years of decline, overseas purchases of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by 69% to X units in 2021. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 91% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, lighting equipment for motor vehicles imports surged to $X in 2021. In general, imports, however, showed a deep setback. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X units), China (X units) and Panama (X units) were the main suppliers of lighting equipment for motor vehicles imports to Cuba, with a combined 69% share of total imports. Sweden, Italy, Mexico and France lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting equipment for motor vehicles suppliers to Cuba were Russia ($X), China ($X) and Panama ($X), together comprising 61% of total imports. These countries were followed by Sweden, Italy, France and Mexico, which together accounted for a further 8.9%.

In terms of the main suppliers, Sweden, with a CAGR of +29.6%, 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 more modest paces of growth.

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2021, dropping by -10.8% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, South Africa and India, with a combined 75% share of global consumption.
The country with the largest volume of lighting equipment for motor vehicles production was China, accounting for 66% of total volume. Moreover, lighting equipment for motor vehicles production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Taiwan Chinese) ranked third in terms of total production with a 2.7% share.
In value terms, Russia, China and France constituted the largest lighting equipment for motor vehicles suppliers to Cuba, with a combined 73% share of total imports. Spain, Italy and Panama lagged somewhat behind, together comprising a further 6.8%.
In value terms, Russia $304) remains the key foreign market for lighting equipment for motor vehicles exports from Cuba.
In 2021, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $17 per unit, falling by -14.8% against the previous year.
The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $9.6 per unit in 2021, growing by 7.9% against the previous year.

This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
  • Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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Free Data: Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Cuba
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