Report Update Nov 1, 2024

Cuba - Flywheels and Pulleys - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Cuba

The Cuban flywheels and pulleys market surged to $X in 2021, rising by 584% 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). Over the period under review, consumption saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Flywheels And Pulleys Exports

Exports from Cuba

For the ninth year in a row, Cuba recorded decline in shipments abroad of flywheels and pulleys, which decreased by -12.5% to X kg in 2021. In general, exports recorded a sharp shrinkage. The smallest decline of -5.4% was in 2013. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports shrank dramatically to $X in 2021. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 2.2%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X kg) was the main destination for flywheels and pulleys exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela totaled -33.8%.

In value terms, Venezuela ($X) also remains the key foreign market for flywheels and pulleys exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Venezuela stood at -29.8%.

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, shrinking by -11.6% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2016 an increase of 55% against the previous year. The export price peaked at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+6.4%).

Flywheels And Pulleys Imports

Imports into Cuba

In 2021, approx. X tons of flywheels and pulleys were imported into Cuba; jumping by 546% against the previous year's figure. In general, imports saw a resilient increase. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports surged to $X in 2021. Over the period under review, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Ukraine (X tons) and Russia (X tons) were the main suppliers of flywheels and pulleys imports to Cuba, with a combined 44% share of total imports. These countries were followed by China, Germany, Panama, Turkey, Brazil, Italy, Spain and Sweden, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +51.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Germany ($X) and Russia ($X) appeared to be the largest flywheels and pulleys suppliers to Cuba, together comprising 37% of total imports. These countries were followed by Brazil, China, Ukraine, Spain, Panama, Turkey, Italy and Sweden, which together accounted for a further 12%.

In terms of the main suppliers, Panama, with a CAGR of +42.1%, 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

In 2021, the average flywheels and pulleys import price amounted to $X per ton, with an increase of 9% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Brazil ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+34.4%), 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 flywheels and pulleys in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 46% share of global consumption.

What are the largest producers of flywheels and pulleys in the world?

China constituted the country with the largest volume of flywheels and pulleys production, comprising approx. 32% of total volume. Moreover, flywheels and pulleys production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.4% share.

What are the leading suppliers of flywheels and pulleys to Cuba?

In value terms, Spain, Canada and Russia constituted the largest flywheels and pulleys suppliers to Cuba, together comprising 69% of total imports. These countries were followed by Germany, Brazil, China and Chile, which together accounted for a further 27%.

What are the leading importers of flywheels and pulleys from Cuba?

In value terms, Venezuela $457) remains the key foreign market for flywheels and pulleys exports from Cuba.

What is the average export price for flywheels and pulleys in Cuba?

In 2021, the average flywheels and pulleys export price amounted to $38,317 per ton, declining by -9.4% against the previous year.

What is the average import price for flywheels and pulleys in Cuba?

In 2021, the average flywheels and pulleys import price amounted to $16,219 per ton, with a decrease of -3.4% against the previous year.

This report provides an in-depth analysis of the flywheels and pulleys 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 28152500 - Flywheels and pulleys (including pulley blocks)

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