Report Update Nov 1, 2024

Cuba - Household Refrigerators and Freezers (Not Combined) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Cuba

In 2021, after two years of growth, there was significant decline in the Cuban non-combined refrigerator-freezer market, when its value decreased by -44.7% to $X. Over the period under review, consumption, however, continues to indicate a pronounced increase. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Non-Combined Refrigerator-Freezer Exports

Exports from Cuba

For the third consecutive year, Cuba recorded growth in shipments abroad of household refrigerators and freezers (not combined), which increased by 11% to X tons in 2021. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 888% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-combined refrigerator-freezer exports rose modestly to $X in 2021. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,255%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for non-combined refrigerator-freezer exports from Cuba, accounting for a 89% share of total exports. Moreover, non-combined refrigerator-freezer exports to Panama exceeded the volume sent to the second major destination, Angola (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Panama stood at +14.1%.

In value terms, Panama ($X) remains the key foreign market for non-combined refrigerator-freezer exports from Cuba, comprising 86% of total exports. The second position in the ranking was taken by Angola ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama totaled +13.3%.

Export Prices by Country

In 2021, the average non-combined refrigerator-freezer export price amounted to $X per ton, waning by -7.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 81%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Angola ($X per ton), while the average price for exports to Panama amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Combined Refrigerator-Freezer Imports

Imports into Cuba

In 2021, overseas purchases of household refrigerators and freezers (not combined) decreased by -32.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 125%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, non-combined refrigerator-freezer imports dropped sharply to $X in 2021. Overall, imports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2020 with an increase of 110%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Panama (X tons), Portugal (X tons) and China (X tons) were the main suppliers of non-combined refrigerator-freezer imports to Cuba, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constituted the largest supplier of non-combined refrigerator-freezer to Cuba, comprising 67% of total imports. The second position in the ranking was held by Portugal ($X), with a 22% share of total imports. It was followed by Mexico, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Panama stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+11.7% per year) and Mexico (-14.3% per year).

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per ton in 2021, with a decrease of -21.8% against the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household refrigerators and freezers (not combined) in the world?

The countries with the highest volumes of non-combined refrigerator-freezer consumption in 2020 were China, the United States and India, together accounting for 39% of global consumption. These countries were followed by Brazil, Japan, Indonesia, Turkey, Pakistan, Mexico, the UK, France, Egypt and Canada, which together accounted for a further 33%.

What are the largest producers of household refrigerators and freezers (not combined) in the world?

China constituted the country with the largest volume of non-combined refrigerator-freezer production, accounting for 37% of total volume. Moreover, non-combined refrigerator-freezer production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Brazil, with a 6% share.

What are the leading suppliers of household refrigerators and freezers (not combined) to Cuba?

In value terms, China, Panama and Spain constituted the largest non-combined refrigerator-freezer suppliers to Cuba, with a combined 84% share of total imports.

What are the leading importers of household refrigerators and freezers (not combined) from Cuba?

In value terms, the largest markets for non-combined refrigerator-freezer exported from Cuba were the United Arab Emirates $801), Panama $602) and Jamaica $390), with a combined 100% share of total exports.

What is the average export price for household refrigerators and freezers (not combined) in Cuba?

The average non-combined refrigerator-freezer export price stood at $11,206 per ton in 2020, with an increase of 9.1% against the previous year.

What is the average import price for household refrigerators and freezers (not combined) in Cuba?

The average non-combined refrigerator-freezer import price stood at $4,194 per ton in 2020, declining by -20.2% against the previous year.

This report provides an in-depth analysis of the non-combined refrigerator-freezer 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 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
Prodcom 27511135 - Compression-type built-in refrigerators
Prodcom 27511150 - Chest freezers of a capacity . .800 litres
Prodcom 27511170 - Upright freezers of a capacity . .900 litres

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