Report Update Nov 1, 2024

Cuba - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Cuba

In 2021, after three years of growth, there was significant decline in the Cuban household sewing machine market, when its value decreased by -65.7% to $X. Over the period under review, consumption recorded a noticeable descent. Household sewing machine consumption peaked at $X in 2020, and then declined remarkably in the following year.

Household Sewing Machine Exports

Exports from Cuba

In 2021, household sewing machine exports from Cuba amounted to X units, remaining stable against the previous year's figure. In general, exports recorded a deep contraction. The smallest decline of -36.4% was in 2015. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, household sewing machine exports stood at $X in 2021. Overall, exports saw a deep downturn. The smallest decline of -42.4% was in 2015. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X units) was the main destination for household sewing machine 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 Costa Rica amounted to -10.7%.

From 2012 to 2021, the average annual rate of growth in terms of value to Costa Rica stood at -7.7%.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the export price recorded a temperate expansion. The pace of growth was the most pronounced in 2015 when the average export price decreased by -13.3%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 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 Costa Rica.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +63.0% per year.

Household Sewing Machine Imports

Imports into Cuba

In 2021, after three years of growth, there was significant decline in overseas purchases of household sewing machines, when their volume decreased by -60.9% to X units. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 148%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, household sewing machine imports declined remarkably to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 211% against the previous year. Imports peaked at $X in 2020, and then declined sharply in the following year.

Imports by Country

In 2021, Mexico (X units) constituted the largest supplier of household sewing machine to Cuba, accounting for a 63% share of total imports. Moreover, household sewing machine imports from Mexico exceeded the figures recorded by the second-largest supplier, Panama (X units), fivefold. The third position in this ranking was held by the Dominican Republic (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to +81.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-7.1% per year) and the Dominican Republic (-24.0% per year).

In value terms, Mexico ($X) constituted the largest supplier of household sewing machines to Cuba, comprising 56% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 26% share of total imports. It was followed by Panama, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Mexico totaled +75.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (-9.5% per year) and Panama (-8.3% per year).

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, falling by -16% against the previous year. Overall, the import price, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2019 an increase of 39%. The import price peaked at $X per unit in 2020, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+19.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household sewing machines in the world?

The country with the largest volume of household sewing machine consumption was Vietnam, accounting for 32% of total volume. Moreover, household sewing machine consumption in Vietnam exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.9% share.

What are the largest producers of household sewing machines in the world?

The countries with the highest volumes of household sewing machine production in 2020 were Vietnam, China and Taiwan Chinese), together accounting for 87% of global production.

What are the leading suppliers of household sewing machines to Cuba?

In value terms, the Dominican Republic constituted the largest supplier of household sewing machine to Cuba, comprising 72% of total imports. The second position in the ranking was occupied by China, with a 15% share of total imports. It was followed by Panama, with a 3.1% share.

What is the average export price for household sewing machines in Cuba?

In 2019, the average household sewing machine export price amounted to $564 per unit, standing approx. at the previous year.

What is the average import price for household sewing machines in Cuba?

The average household sewing machine import price stood at $111 per unit in 2020, with a decrease of -6.5% against the previous year.

This report provides an in-depth analysis of the household sewing machine 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 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

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