Report Update Nov 1, 2024

Cuba - Industrial Fatty Alcohols - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Cuba

The Cuban industrial fatty alcohols market rose notably to $X in 2021, increasing by 6.5% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Industrial fatty alcohols consumption peaked in 2021 and is expected to retain growth in the near future.

Industrial Fatty Alcohols Production in Cuba

In value terms, industrial fatty alcohols production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 9.1%. Industrial fatty alcohols production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports from Cuba

In 2021, after two years of growth, there was significant decline in overseas shipments of industrial fatty alcohols, when their volume decreased by -84.3% to X tons. Over the period under review, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 302% against the previous year. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, industrial fatty alcohols exports dropped rapidly to $X in 2021. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 283% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for industrial fatty alcohols exports from Cuba, accounting for a 84% share of total exports. Moreover, industrial fatty alcohols exports to South Korea exceeded the volume sent to the second major destination, Serbia (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea totaled +5.8%.

In value terms, South Korea ($X) remains the key foreign market for industrial fatty alcohols exports from Cuba, comprising 91% of total exports. The second position in the ranking was held by Serbia ($X), with a 9.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea amounted to +13.2%.

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, growing by 211% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Serbia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.0%).

Industrial Fatty Alcohols Imports

Imports into Cuba

In 2021, imports of industrial fatty alcohols into Cuba expanded markedly to X tons, increasing by 13% against 2020. In general, imports, however, faced a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, industrial fatty alcohols imports rose remarkably to $X in 2021. Overall, imports, however, faced a dramatic decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main supplier of industrial fatty alcohols to Cuba, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at -11.5%.

In value terms, Spain ($X) constituted the largest supplier of industrial fatty alcohols to Cuba.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -27.1%.

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, dropping by -6.1% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2016 an increase of 55%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, 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 -17.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial fatty alcohols in the world?

China constituted the country with the largest volume of industrial fatty alcohols consumption, accounting for 20% of total volume. Moreover, industrial fatty alcohols consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of industrial fatty alcohols in the world?

The countries with the highest volumes of in 2021 were Indonesia, Malaysia and China, with a combined 38% share of global production. These countries were followed by the United States, India, Germany, Bangladesh, Brazil, Japan, the Netherlands, Russia, South Africa and the UK, which together accounted for a further 41%.

What are the leading suppliers of industrial fatty alcohols to Cuba?

In value terms, Spain constituted the largest supplier of industrial fatty alcohols to Cuba.

What are the leading importers of industrial fatty alcohols from Cuba?

In value terms, South Korea remains the key foreign market for industrial fatty alcohols exports from Cuba, comprising 95% of total exports. The second position in the ranking was occupied by Serbia, with a 5% share of total exports.

What is the average export price for industrial fatty alcohols in Cuba?

The average industrial fatty alcohols export price stood at $2,155 per ton in 2021, surging by 41% against the previous year.

What is the average import price for industrial fatty alcohols in Cuba?

The average industrial fatty alcohols import price stood at $6,617 per ton in 2021, waning by -7% against the previous year.

This report provides an in-depth analysis of the industrial fatty alcohols 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 20142100 - Industrial fatty alcohols

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