Report Update Nov 1, 2024

Cuba - Gravel and Crushed Stone - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Cuba

The Cuban gravel and crushed stone market rose significantly to $X in 2021, picking up by 8.7% against the previous year. Over the period under review, consumption, however, saw a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Gravel And Crushed Stone in Cuba

In value terms, gravel and crushed stone production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 30% against the previous year. Gravel and crushed stone production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from Cuba

In 2021, the amount of gravel and crushed stone exported from Cuba dropped notably to X tons, reducing by -76% on the year before. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of 1,445% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, gravel and crushed stone exports stood at $X in 2021. Over the period under review, exports saw a sharp descent. The most prominent rate of growth was recorded in 2013 when exports increased by 1,445% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for gravel and crushed stone exports from Cuba, accounting for a approx. 92% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -44.8%.

In value terms, Canada ($X) also remains the key foreign market for gravel and crushed stone exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -52.8%.

Export Prices by Country

In 2021, the average gravel and crushed stone export price amounted to $X per ton, growing by 324% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 364%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -14.7% per year.

Imports of Gravel And Crushed Stone

Imports into Cuba

In 2021, imports of gravel and crushed stone into Cuba shrank dramatically to X tons, with a decrease of -49.8% compared with the previous year's figure. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 417% against the previous year. As a result, imports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, gravel and crushed stone imports declined sharply to $X in 2021. Overall, imports, however, showed a slight expansion. The growth pace was the most rapid in 2020 with an increase of 344% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main gravel and crushed stone supplier to Cuba, accounting for a 99% share of total imports. It was followed by Jamaica (X tons), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +38.0%.

In value terms, Canada ($X) constituted the largest supplier of gravel and crushed stone to Cuba, comprising 93% of total imports. The second position in the ranking was taken by Jamaica ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +5.3%.

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, waning by -21.5% against the previous year. Overall, the import price continues to indicate a precipitous slump. The pace of growth was the most pronounced in 2020 when the average import price decreased by -14% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jamaica ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jamaica (-15.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gravel and crushed stone in the world?

The country with the largest volume of gravel and crushed stone consumption was China, accounting for 24% of total volume. Moreover, gravel and crushed stone consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Japan, with a 4.2% share.

What are the largest producers of gravel and crushed stone in the world?

China remains the largest gravel and crushed stone producing country worldwide, accounting for 24% of total volume. Moreover, gravel and crushed stone production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Japan, with a 4.2% share.

What are the leading suppliers of gravel and crushed stone to Cuba?

In value terms, North Macedonia constituted the largest supplier of gravel and crushed stone to Cuba, comprising 73% of total imports. The second position in the ranking was occupied by Greece, with a 21% share of total imports.

What are the leading importers of gravel and crushed stone from Cuba?

In value terms, Canada $226) remains the key foreign market for gravel and crushed stone exports from Cuba.

What is the average export price for gravel and crushed stone in Cuba?

The average gravel and crushed stone export price stood at $404 per ton in 2021, which is down by -8.9% against the previous year.

What is the average import price for gravel and crushed stone in Cuba?

The average gravel and crushed stone import price stood at $20 per ton in 2021, shrinking by -5.9% against the previous year.

This report provides an in-depth analysis of the market for gravel and crushed stone 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 08121210 - Gravel and pebbles of a kind used for concrete aggregates, f or road metalling or for railway or other ballast, shingle and flint
Prodcom 08121230 - Crushed stone of a kind used for concrete aggregates, for road metalling or for railway or other ballast (excluding gravel, p ebbles, shingle and flint)
Prodcom 08121250 - Granules, chippings and powder of marble
Prodcom 08121290 - Granules, chippings and powder of travertine, ecaussine, granite, porphyry, basalt, sandstone and other monumental stone
Prodcom 08121300 - Mixtures of slag and similar industrial waste products, w hether or not incorporating pebbles, gravel, shingle and flint for construction use

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