Report Update Nov 1, 2024

Cuba - Electrical Resistors (Except Heating Resistors) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Resistor Market 2024

Resistor Market Size in Cuba

In 2021, the Cuban resistor market increased by 34% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Resistor Exports

Exports from Cuba

In 2021, approx. X units of electrical resistors (except heating resistors) were exported from Cuba; standing approx. at the previous year's figure. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 670% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, resistor exports fell slightly to $X in 2021. In general, exports recorded a slight expansion. The pace of growth appeared the most rapid in 2018 with an increase of 536%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for resistor exports from Cuba, accounting for a 78% share of total exports. Moreover, resistor exports to Mexico exceeded the volume sent to the second major destination, China (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +39.8%.

In value terms, Mexico ($X) remains the key foreign market for electrical resistors (except heating resistors) exports from Cuba, comprising 79% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Mexico amounted to +70.7%.

Export Prices by Country

In 2021, the average resistor export price amounted to $X per unit, falling by -4.3% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2016 an increase of 387% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+24.2%).

Resistor Imports

Imports into Cuba

In 2021, after five years of decline, there was significant growth in supplies from abroad of electrical resistors (except heating resistors), when their volume increased by 92% to X units. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 94%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, resistor imports rose sharply to $X in 2021. In general, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 85%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest resistor supplier to Cuba, accounting for a 53% share of total imports. Moreover, resistor imports from Italy exceeded the figures recorded by the second-largest supplier, Ukraine (X units), twofold. Spain (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+16.1% per year) and Spain (-22.3% per year).

In value terms, Italy ($X) constituted the largest supplier of electrical resistors (except heating resistors) to Cuba, comprising 79% of total imports. The second position in the ranking was held by Spain ($X), with a 3.6% share of total imports. It was followed by Portugal, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-22.2% per year) and Portugal (+1.3% per year).

Import Prices by Country

In 2021, the average resistor import price amounted to $X per unit, with a decrease of -43.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 46%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then contracted remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), 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 electrical resistors (except heating resistors) in the world?

The countries with the highest volumes of in 2021 were Germany, Croatia and China, together comprising 69% of global consumption. These countries were followed by the Czech Republic, the United States and Romania, which together accounted for a further 17%.

What are the largest producers of electrical resistors (except heating resistors) in the world?

The countries with the highest volumes of in 2021 were Germany, Croatia and China, together accounting for 69% of global production.

What are the leading suppliers of electrical resistors (except heating resistors) to Cuba?

In value terms, the largest resistor suppliers to Cuba were Spain, Italy and Mexico, with a combined 65% share of total imports. Russia, Switzerland, China, Ecuador, Canada, France and Ukraine lagged somewhat behind, together comprising a further 21%.

What are the leading importers of electrical resistors (except heating resistors) from Cuba?

In value terms, China remains the key foreign market for resistor exports from Cuba.

What is the average export price for electrical resistors (except heating resistors) in Cuba?

The average resistor export price stood at $311 per unit in 2021, rising by 18% against the previous year.

What is the average import price for electrical resistors (except heating resistors) in Cuba?

The average resistor import price stood at $81 per unit in 2021, shrinking by -16.1% against the previous year.

This report provides an in-depth analysis of the resistor 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 27906035 - Fixed electrical resistors for a power handling capacity . .20 W (excluding heating resistors and fixed carbon resistors, c omposition or film types)
Prodcom 27906037 - Fixed electrical resistors for a power handling capacity > .20 W (excluding heating resistors and fixed carbon resistors, c omposition or film types)
Prodcom 27906055 - Wirewound variable resistors for a power handling capacity. .20 W
Prodcom 27906057 - Wirewound variable resistors for a power handling capacity > .20 W
Prodcom 27906080 - Fixed carbon resistors, composition or film types (excluding heating resistors), electrical variable resistors, including rheostats and potentiometers (excluding wirewound variable resistors and heating resistors)

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