We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Cuba - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Cuba - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
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: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Cuba

For the sixth year in a row, the Cuban market for in-hand motor grinders, sanders and planers recorded decline in sales value, which decreased by -0.2% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Cuba

In 2021, approx. X units of in-hand motor grinders, sanders and planers were exported from Cuba; almost unchanged from the previous year. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers contracted to $X in 2021. Overall, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2017 with an increase of 100% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +4.6%.

In value terms, Spain ($X) also remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +13.7%.

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, remaining constant against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 67%. The export price peaked at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +8.2% per year.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Cuba

In 2021, imports of in-hand motor grinders, sanders and planers into Cuba shrank slightly to X units, waning by -1.9% compared with the year before. Over the period under review, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2015 with an increase of 70%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of in-hand motor grinders, sanders and planers amounted to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 68%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and Mexico (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Cuba, together comprising 68% of total imports. Panama, Germany, Portugal, the Netherlands and Canada lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Cuba, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Panama, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Panama (+9.0% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 2.8% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for in-hand motor grinders, sanders and planers decreased by -38.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 55% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of consumption of in-hand motor grinders, sanders and planers was the U.S., comprising approx. 32% of total volume. Moreover, consumption of in-hand motor grinders, sanders and planers in the U.S. exceeded the figures recorded by the second-largest consumer, Canada, sixfold. The third position in this ranking was occupied by China, with a 4.6% share.
China remains the largest electromechanical tools for working in the hand, with self-contained electric motor producing country worldwide, accounting for 88% of total volume. Moreover, production of in-hand motor grinders, sanders and planers in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold.
In value terms, Panama constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Cuba, comprising 58% of total imports. The second position in the ranking was occupied by Spain, with a 24% share of total imports. It was followed by the Netherlands, with a 7.3% share.
The average export price for in-hand motor grinders, sanders and planers stood at $114 per unit in 2018, increasing by 46% against the previous year.
The average import price for in-hand motor grinders, sanders and planers stood at $59 per unit in 2020, with a decrease of -30% against the previous year.

This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor 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:

    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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 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

    12. 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

    Recommended reports

    Asia - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Nov 1, 2024
    Eye 287

    This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor in Asia.

    World - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Nov 1, 2024
    Eye 471

    This report provides an in-depth analysis of the global market for electromechanical tools for working in the hand, with self-contained electric motor.

    EU - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Nov 1, 2024
    Eye 283

    This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor in the EU.

    U.S. - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Nov 1, 2024
    Eye 310

    This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor in the U.S..

    China - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Nov 1, 2024
    Eye 308

    This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor in China.

    Free Data: In-Hand Motor Grinders, Sanders And Planers - Cuba
    Table
    In-Hand Motor Grinders, Sanders And Planers - Cuba - Table
    Dashboard
    In-Hand Motor Grinders, Sanders And Planers - Cuba - Dashboard
    Report
    In-Hand Motor Grinders, Sanders And Planers - Cuba - Report