Cuba: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Cuba

The Cuban metal hot-worked helical spring market fell notably to $X in 2021, waning by -22.8% 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). Overall, consumption, however, saw a prominent increase. Metal hot-worked helical spring consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Cuba

In 2021, overseas shipments of iron or steel hot-worked helical springs decreased by -1.7% to X kg, falling for the third consecutive year after two years of growth. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 360%. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports expanded modestly to $X in 2021. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 309% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X kg) was the main destination for metal hot-worked helical spring exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to +8.6%.

In value terms, Slovakia ($X) also remains the key foreign market for iron or steel hot-worked helical springs exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia amounted to +10.7%.

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2021, with an increase of 4.6% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring export price increased by +55.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 109% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +39.8% per year.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Cuba

In 2021, the amount of iron or steel hot-worked helical springs imported into Cuba shrank rapidly to X tons, which is down by -27.2% against 2020. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 456%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports reduced to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 453%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal hot-worked helical spring supplier to Cuba, accounting for a 39% share of total imports. Moreover, metal hot-worked helical spring imports from Germany exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+12.4% per year) and Russia (-10.3% per year).

In value terms, Germany ($X), Russia ($X) and Colombia ($X) constituted the largest metal hot-worked helical spring suppliers to Cuba, with a combined 49% share of total imports. These countries were followed by Spain, Lithuania and Turkey, which together accounted for a further 2.9%.

Lithuania, with a CAGR of +12.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the import price, however, recorded a deep setback. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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