Report Update Nov 1, 2024

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

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Cuba: Electrical Transformer Market 2024

Electrical Transformer Market Size in Cuba

The Cuban electrical transformer market fell sharply to $X in 2021, with a decrease of -58.9% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Electrical Transformer Production in Cuba

In value terms, electrical transformer production fell dramatically to $X in 2021 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 10% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Electrical Transformer Exports

Exports from Cuba

Electrical transformer exports from Cuba skyrocketed to X units in 2021, increasing by 456% against the previous year's figure. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports declined significantly to $X in 2021. In general, exports, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 3,094%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for electrical transformer exports from Cuba, accounting for a 100% share of total exports. It was followed by Senegal (X units), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +9.6%.

In value terms, Spain ($X) remains the key foreign market for electrical transformers exports from Cuba, comprising 75% of total exports. The second position in the ranking was held by Senegal ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +10.5%.

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2021, falling by -85.6% against the previous year. Overall, the export price faced a dramatic slump. The most prominent rate of growth was recorded in 2017 an increase of 824%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Spain totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into Cuba

In 2021, approx. X units of electrical transformers were imported into Cuba; growing by 164% compared with 2020 figures. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer imports dropped to $X in 2021. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 58%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic (X units), China (X units) and Brazil (X units) were the main suppliers of electrical transformer imports to Cuba, together accounting for 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +94.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of electrical transformers to Cuba, comprising 31% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 15% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+38.6% per year) and China (-25.2% per year).

Import Prices by Country

In 2021, the average electrical transformer import price amounted to $X per unit, with a decrease of -64.5% against the previous year. In general, the import price saw a sharp decrease. The pace of growth appeared the most rapid in 2017 an increase of 120% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-17.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of electrical transformer consumption was China, accounting for 24% of total volume. Moreover, electrical transformer consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8.1% share.

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

China remains the largest electrical transformer producing country worldwide, accounting for 63% of total volume. Moreover, electrical transformer production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Brazil ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of electrical transformers to Cuba?

In value terms, the largest electrical transformer suppliers to Cuba were China, Russia and Spain.

What are the leading importers of electrical transformers from Cuba?

In value terms, Spain remains the key foreign market for electrical transformer exports from Cuba.

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

In 2021, the average electrical transformer export price amounted to less than $0.1 per unit, standing approx. at the previous year.

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

The average electrical transformer import price stood at less than $0.1 per unit in 2021, flattening at the previous year.

This report provides an in-depth analysis of the electrical transformer 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 27114120 - Liquid dielectric transformers having a power handling capacity . .650 kVA
Prodcom 27114150 - Liquid dielectric transformers having a power handling capacity > .650 kVA but . .10 .000 kVA
Prodcom 27114180 - Liquid dielectric transformers having a power handling capacity > .10 .000 kVA
Prodcom 27114220 - Measuring transformers having a power handling capacity . 1 kVA (including for voltage measurement)
Prodcom 27114240 - Other transformers, n.e.c., having a power handling capacity. 1 kVA
Prodcom 27114260 - Other transformers, having a power handling capacity > 1 kVA but . .16 kVA
Prodcom 27114330 - Transformers, n.e.c., having a power handling capacity > .16 kVA but . .500 kVA
Prodcom 27114380 - Transformers, n.e.c., having a power handling capacity > .500 kVA

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