Cuba: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Cuba

The Cuban extruded solid rubber rod market dropped to $X in 2021, shrinking by -7.1% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Cuba

In value terms, extruded solid rubber rod production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Cuba

In 2016, shipments abroad of extruded solid rubber rods and profiles decreased by 0% to X tons for the first time since 2012, thus ending a three-year declining trend. In general, exports recorded resilient growth. The smallest decline of -46.1% was in 2013. Over the period under review, the exports reached the maximum in 2016 and are expected to retain growth in years to come.

In value terms, extruded solid rubber rod exports totaled $X in 2016. Overall, exports enjoyed a remarkable increase. The smallest decline of -35.2% was in 2013. Over the period under review, the exports attained the maximum in 2016 and are likely to see steady growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for extruded solid rubber rod exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Egypt was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Egypt was relatively modest.

Export Prices by Country

The average extruded solid rubber rod export price stood at $X per ton in 2016, therefore, remained relatively stable against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2016, the rate of growth in terms of prices for Egypt amounted to 0.0% per year.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Cuba

In 2021, after three years of growth, there was significant decline in supplies from abroad of extruded solid rubber rods and profiles, when their volume decreased by -84.5% to X tons. Overall, imports faced a precipitous contraction. The growth pace was the most rapid in 2020 when imports increased by 47% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod imports shrank markedly to $X in 2021. In general, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2018 when imports increased by 53%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Panama (X tons) constituted the largest supplier of extruded solid rubber rod to Cuba, with a 60% share of total imports. Moreover, extruded solid rubber rod imports from Panama exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Spain (X kg), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.1% per year) and Spain (-28.7% per year).

In value terms, Panama ($X) constituted the largest supplier of extruded solid rubber rod to Cuba, comprising 41% of total imports. The second position in the ranking was held by Spain ($X), with an 18% share of total imports. It was followed by Portugal, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-17.9% per year) and Portugal (+21.9% per year).

Import Prices by Country

In 2021, the average extruded solid rubber rod import price amounted to $X per ton, reducing by -16.3% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded solid rubber rod import price decreased by -25.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 29%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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