Report Update Nov 1, 2024

Cuba - Electro-Cardiographs - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Ecg Market 2024

Ecg Market Size in Cuba

After nine years of growth, the Cuban ECG market decreased by -5.1% to $X in 2021. Over the period under review, consumption, however, continues to indicate a significant increase. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Ecg Production in Cuba

In value terms, ECG production contracted modestly to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 134%. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Ecg Exports

Exports from Cuba

In 2021, approx. X units of electro-cardiographs were exported from Cuba; which is down by -34.1% against 2020. In general, exports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 76% 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 failed to regain momentum.

In value terms, ECG exports dropped significantly to $X in 2021. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 64%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for ECG exports from Cuba, with a approx. 100% share of total exports.

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

In value terms, Venezuela ($X) also remains the key foreign market for electro-cardiographs exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Venezuela stood at -29.3%.

Export Prices by Country

In 2021, the average ECG export price amounted to $X per unit, shrinking by -17.6% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when the average export price decreased by -7.7%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Venezuela amounted to -16.4% per year.

Ecg Imports

Imports into Cuba

In 2021, purchases abroad of electro-cardiographs increased by 447% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a deep slump. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, ECG imports soared to $X in 2021. Overall, imports, however, showed a perceptible decrease. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest ECG supplier to Cuba, with a 35% share of total imports. Moreover, ECG imports from Italy exceeded the figures recorded by the second-largest supplier, Costa Rica (X units), threefold. The UK (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+33.0% per year) and the UK (-16.2% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of electro-cardiographs to Cuba, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by the UK, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Costa Rica stood at +138.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.5% per year) and the UK (-18.1% per year).

Import Prices by Country

The average ECG import price stood at $X per unit in 2021, surging by 7.3% against the previous year. Over the period under review, the import price recorded a slight expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 83% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+80.5%), 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 electro-cardiographs in the world?

Denmark constituted the country with the largest volume of ecg consumption, accounting for 98% of total volume.

What are the largest producers of electro-cardiographs in the world?

Denmark constituted the country with the largest volume of ecg production, comprising approx. 97% of total volume.

What are the leading suppliers of electro-cardiographs to Cuba?

In value terms, Italy constituted the largest supplier of ecg to Cuba, comprising 80% of total imports. The second position in the ranking was occupied by Costa Rica, with a 13% share of total imports. It was followed by the UK, with a 3.3% share.

What are the leading importers of electro-cardiographs from Cuba?

In value terms, Angola $435) remains the key foreign market for ecg exports from Cuba.

What is the average export price for electro-cardiographs in Cuba?

In 2020, the average ecg export price amounted to $2.1 per unit, waning by -48.8% against the previous year.

What is the average import price for electro-cardiographs in Cuba?

In 2020, the average ecg import price amounted to $2,113 per unit, picking up by 20% against the previous year.

This report provides an in-depth analysis of the ecg 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 26601230 - Electro-cardiographs

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