Report Update Nov 1, 2024

Cuba - Industrial Non-Automatic Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Cuba

In 2021, after three years of decline, there was significant growth in the Cuban industrial sewing machines (non-automatic) market, when its value increased by 50% to $X. In general, consumption, however, continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Cuba

In 2020, approx. X units of industrial sewing machines (non-automatic) were exported from Cuba; falling by -47.1% against the previous year's figure. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2016 with an increase of 300% against the previous year. The exports peaked at X units in 2019, and then plummeted in the following year.

In value terms, industrial sewing machines (non-automatic) exports declined rapidly to $X in 2020. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 371% against the previous year. The exports peaked at $X in 2019, and then dropped notably in the following year.

Exports by Country

Spain (X units) was the main destination for industrial sewing machines (non-automatic) exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Spain stood at +93.3%.

In value terms, Spain ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Cuba.

From 2012 to 2020, the average annual rate of growth in terms of value to Spain amounted to +122.9%.

Export Prices by Country

In 2020, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, jumping by 34% against the previous year. In general, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for Spain amounted to +15.3% per year.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Cuba

In 2021, supplies from abroad of industrial sewing machines (non-automatic) increased by 6.5% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 359% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 525% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Colombia (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Cuba, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were in Colombia (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Spain ($X) were the largest industrial sewing machines (non-automatic) suppliers to Cuba, with a combined 75% share of total imports. These countries were followed by Mexico, Panama, Colombia, Germany, Taiwan (Chinese) and Mozambique, which together accounted for a further 24%.

Panama, with a CAGR of +28.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2021, rising by 66% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial sewing machines (non-automatic) import price increased by +92.9% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+249.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial sewing machines (non-automatic) in the world?

The countries with the highest volumes of industrial sewing machines non-automatic) consumption in 2021 were China, South Africa and India, together accounting for 80% of global consumption.

What are the largest producers of industrial sewing machines (non-automatic) in the world?

China remains the largest industrial sewing machines non-automatic) producing country worldwide, comprising approx. 91% of total volume. Moreover, industrial sewing machines non-automatic) production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold. Singapore ranked third in terms of total production with a 1.6% share.

What are the leading suppliers of industrial sewing machines (non-automatic) to Cuba?

In value terms, Japan, Spain and Mexico appeared to be the largest industrial sewing machines non-automatic) suppliers to Cuba, with a combined 76% share of total imports.

What is the average export price for industrial sewing machines (non-automatic) in Cuba?

In 2020, the average industrial sewing machines non-automatic) export price amounted to $319 per unit, dropping by -55.6% against the previous year.

What is the average import price for industrial sewing machines (non-automatic) in Cuba?

The average industrial sewing machines non-automatic) import price stood at $300 per unit in 2021, picking up by 8.3% against the previous year.

This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) 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 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)

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