Cuba: Industrial Sewing Machine Market 2025

Industrial Sewing Machine Market Size in Cuba

The Cuban industrial sewing machine market declined remarkably to $X in 2021, with a decrease of -29.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a mild curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Cuba

In 2020, industrial sewing machine exports from Cuba contracted sharply to X units, with a decrease of -47.1% on the year before. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 300%. The exports peaked at X units in 2019, and then declined markedly in the following year.

In value terms, industrial sewing machine exports shrank significantly to $X in 2020. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 371%. Over the period under review, the exports hit record highs at $X in 2019, and then contracted rapidly in the following year.

Exports by Country

Spain (X units) was the main destination for industrial sewing machine exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Spain amounted to +93.3%.

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

From 2012 to 2020, the average annual growth rate of value to Spain stood at +122.9%.

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2020, rising by 34% against the previous year. Over the period under review, the export price saw a buoyant increase. 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.

Industrial Sewing Machine Imports

Imports into Cuba

In 2021, approx. X units of industrial sewing machines were imported into Cuba; which is down by -29.3% on the year before. Overall, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when imports increased by 514%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machine imports shrank markedly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 581%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and Colombia (X units) were the main suppliers of industrial sewing machine imports to Cuba, together comprising 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +38.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of industrial sewing machine to Cuba, comprising 42% of total imports. The second position in the ranking was held by Mexico ($X), with a 19% share of total imports. It was followed by Japan, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-10.5% per year) and Japan (+13.5% per year).

Import Prices by Country

In 2021, the average industrial sewing machine import price amounted to $X per unit, declining by -6.2% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 machine import price increased by +134.6% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 110% against the previous year. The import price peaked at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Colombia ($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 (+285.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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