Report Update Nov 1, 2024

Cuba - Industrial Machinery for the Manufacture or Preparation of Sugar - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Cuba

The Cuban sugar-manufacturing industrial machinery market shrank to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Cuba

In value terms, sugar-manufacturing industrial machinery production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 0.2%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Cuba

After nine years of decline, overseas shipments of industrial machinery for the manufacture or preparation of sugar increased by 12% to X units in 2022. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jamaica (X units) was the main destination for sugar-manufacturing industrial machinery exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jamaica totaled -15.4%.

In value terms, Jamaica ($X) also remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Cuba.

From 2012 to 2022, the average annual rate of growth in terms of value to Jamaica stood at -14.2%.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +1.5% per year.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Cuba

In 2022, sugar-manufacturing industrial machinery imports into Cuba shrank notably to X units, which is down by -34.6% compared with the previous year's figure. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 858% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports contracted dramatically to $X in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 773% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X units) was the main sugar-manufacturing industrial machinery supplier to Cuba, accounting for a 94% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to -8.4%.

In value terms, the largest sugar-manufacturing industrial machinery suppliers to Cuba were Brazil ($X) and Spain ($X).

Among the main suppliers, Spain, with a CAGR of -10.0%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, surging by 12% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar-manufacturing industrial machinery import price decreased by -25.2% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Brazil stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial machinery for the manufacture or preparation of sugar in the world?

The countries with the highest volumes of sugar-manufacturing industrial machinery consumption in 2021 were South Africa, India and Indonesia, together accounting for 42% of global consumption. These countries were followed by Italy, Thailand, Germany, Poland, Belgium, Spain, Belarus, Romania, Paraguay and the Czech Republic, which together accounted for a further 39%.

What are the largest producers of industrial machinery for the manufacture or preparation of sugar in the world?

The countries with the highest volumes of sugar-manufacturing industrial machinery production in 2021 were India, South Africa and Italy, with a combined 56% share of global production. These countries were followed by Germany, Thailand, Spain, Belgium, the Czech Republic, Romania, Poland and Paraguay, which together accounted for a further 37%.

What are the leading suppliers of industrial machinery for the manufacture or preparation of sugar to Cuba?

In value terms, Brazil and Spain appeared to be the largest sugar-manufacturing industrial machinery suppliers to Cuba.

What is the average import price for industrial machinery for the manufacture or preparation of sugar in Cuba?

The average sugar-manufacturing industrial machinery import price stood at $1,472 per unit in 2021, with a decrease of -12.8% against the previous year.

This report provides an in-depth analysis of the sugar-manufacturing industrial machinery 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 28931730 - Industrial machinery for the manufacture or preparation of sugar

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