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Report Cuba - Iron or Steel Spring Washers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Cuba - Iron or Steel Spring Washers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Cuba

In 2021, after four years of decline, there was significant growth in the Cuban metal spring washer market, when its value increased by 35% to $X. Overall, consumption saw a abrupt curtailment. Metal spring washer consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Metal Spring Washer Exports

Exports from Cuba

In 2018, overseas shipments of iron or steel spring washers decreased by 0% to X kg, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 700%. As a result, the exports reached the peak of X kg. From 2017 to 2018, the growth of the exports failed to regain momentum.

In value terms, metal spring washer exports amounted to $X in 2018. In general, exports saw a significant increase. The growth pace was the most rapid in 2016 when exports increased by 650%. As a result, the exports attained the peak of $X. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for metal spring washer exports from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2014 an increase of 167% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2018, 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 the United Arab Emirates.

From 2013 to 2018, the rate of growth in terms of prices for Montenegro amounted to +27.3% per year.

Metal Spring Washer Imports

Imports into Cuba

In 2021, overseas purchases of iron or steel spring washers decreased by -4.9% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 249%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, metal spring washer imports soared to $X in 2021. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 141%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X kg) and Portugal (X kg) were the main suppliers of metal spring washer imports to Cuba, with a combined 70% share of total imports. These countries were followed by the Dominican Republic, Germany, Colombia, Russia, the Netherlands, Brazil and Ukraine, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in the Dominican Republic (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal spring washer suppliers to Cuba were Germany ($X), Spain ($X) and Russia ($X), with a combined 60% share of total imports. These countries were followed by China, Portugal, the Dominican Republic, Colombia, the Netherlands, Ukraine and Brazil, which together accounted for a further 19%.

The Dominican Republic, with a CAGR of +65.5%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average metal spring washer import price amounted to $X per ton, picking up by 68% against the previous year. Overall, the import price showed strong growth. As a result, import price attained 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 Russia ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of metal spring washer consumption was China, accounting for 24% of total volume. Moreover, metal spring washer consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.4% share.
China remains the largest metal spring washer producing country worldwide, comprising approx. 32% of total volume. Moreover, metal spring washer production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 10% share.
In value terms, the Netherlands constituted the largest supplier of metal spring washer to Cuba, comprising 38% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports. It was followed by China, with a 15% share.
In 2018, the average metal spring washer export price amounted to $2,322 per ton, flattening at the previous year.
The average metal spring washer import price stood at $8,425 per ton in 2021, declining by -3.2% against the previous year.

This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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