Report Update Nov 1, 2024

Cuba - Grinding and Sharpening Metal Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Cuba

In 2021, the Cuban grinding and sharpening machine market decreased by -65.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a slight decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Cuba

In 2019, approx. X units of grinding and sharpening metal finishing machines were exported from Cuba; stabilizing at 2018 figures. In general, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, grinding and sharpening machine exports totaled $X in 2019. Over the period under review, exports recorded a significant increase. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for grinding and sharpening machine exports from Cuba, accounting for a approx. 100% share of total exports.

From 2017 to 2019, the average annual rate of growth in terms of volume to France was relatively modest.

From 2017 to 2019, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2019, the average grinding and sharpening machine export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 a decrease of 99.9% against the previous year. The export price peaked in 2019 and is expected to retain growth in the near future.

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

From 2017 to 2019, the rate of growth in terms of prices for France amounted to 0.0% per year.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Cuba

In 2021, purchases abroad of grinding and sharpening metal finishing machines decreased by -67.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 311%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grinding and sharpening machine imports reduced notably to $X in 2021. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 312% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Canada (X units), Colombia (X units) and Italy (X units) were the main suppliers of grinding and sharpening machine imports to Cuba, together accounting for 68% of total imports. These countries were followed by Angola, China, Spain and Portugal, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Angola (with a CAGR of +112.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of grinding and sharpening machine to Cuba, comprising 47% of total imports. The second position in the ranking was taken by Angola ($X), with a 21% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Angola (+1,461.2% per year) and China (-12.1% per year).

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2021, picking up by 97% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 155% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (+635.9%), 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 grinding and sharpening metal finishing machines in the world?

China constituted the country with the largest volume of grinding and sharpening machine consumption, comprising approx. 40% of total volume. Moreover, grinding and sharpening machine consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, fourfold. The third position in this ranking was occupied by the United States, with a 5.5% share.

What are the largest producers of grinding and sharpening metal finishing machines in the world?

China constituted the country with the largest volume of grinding and sharpening machine production, comprising approx. 55% of total volume. Moreover, grinding and sharpening machine production in China exceeded the figures recorded by the second-largest producer, Germany, tenfold. The third position in this ranking was occupied by the United States, with a 5.1% share.

What are the leading suppliers of grinding and sharpening metal finishing machines to Cuba?

In value terms, China constituted the largest supplier of grinding and sharpening machine to Cuba, comprising 80% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports. It was followed by Spain, with a 5.6% share.

What is the average export price for grinding and sharpening metal finishing machines in Cuba?

In 2019, the average grinding and sharpening machine export price amounted to $373 per unit, standing approx. at the previous year.

What is the average import price for grinding and sharpening metal finishing machines in Cuba?

In 2021, the average grinding and sharpening machine import price amounted to $15,293 per unit, remaining stable against the previous year.

This report provides an in-depth analysis of the market for grinding and sharpening machine 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 28412305 - Numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412315 - Numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412325 - Other numerically controlled grinding machines in which the positioning in any one axis can be set up to accuracy > 0,01 mm
Prodcom 28412335 - Non-numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412345 - Non-numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412355 - Grinding machines for working metal, any one axis can be set to an accuracy . 0,01 mm excluding flat-surface grinding machines, cylindrical surface grinding machines
Prodcom 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal
Prodcom 28412375 - Non-numerically controlled sharpening (tool or cutter grinding) machines for working metal

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