Cuba: Metal Link Chain Market 2025

Metal Link Chain Market Size in Cuba

In 2021, the Cuban metal link chain market decreased by -19.2% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Link Chain Exports

Exports from Cuba

In 2021, the amount of iron or steel articulated link chain exported from Cuba stood at X kg, almost unchanged from the previous year. Overall, exports recorded a dramatic descent. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal link chain exports stood at $X in 2021. Over the period under review, exports saw a sharp contraction. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for metal link chain exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest.

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2013 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Metal Link Chain Imports

Imports into Cuba

In 2021, approx. X tons of iron or steel articulated link chain were imported into Cuba; standing approx. at 2020 figures. Overall, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 226% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain imports dropped notably to $X in 2021. Over the period under review, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 136%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal link chain to Cuba, with a 57% share of total imports. Moreover, metal link chain imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.1% per year) and Spain (-14.1% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel articulated link chain to Cuba, comprising 60% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.5% per year) and Spain (-15.1% per year).

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, falling by -25% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain import price decreased by -26.6% against 2019 indices. The growth pace was the most rapid in 2018 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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