Report Update Nov 1, 2024

Cuba - Iron Oxides and Hydroxides - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Cuba

In 2021, the Cuban iron oxide pigment market decreased by -8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, enjoyed a strong expansion. Iron oxide pigment consumption peaked at $X in 2020, and then contracted in the following year.

Iron Oxide Pigment Production in Cuba

In value terms, iron oxide pigment production fell to $X in 2021 estimated in export price. In general, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 111%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Iron Oxide Pigment Exports

Exports from Cuba

In 2020, the amount of iron oxide pigments exported from Cuba amounted to X kg, therefore, remained relatively stable against 2019. In general, exports recorded a dramatic contraction. The smallest decline of 99.9% was in 2016. The exports peaked at X kg in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, iron oxide pigment exports totaled $X in 2020. Overall, exports faced a significant decrease. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for iron oxide pigment exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Canada amounted to -12.8%.

From 2015 to 2020, the average annual growth rate of value to Canada amounted to -12.2%.

Export Prices by Country

In 2020, the average iron oxide pigment export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices remained at a lower figure.

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

From 2015 to 2020, the rate of growth in terms of prices for Canada amounted to +0.7% per year.

Iron Oxide Pigment Imports

Imports into Cuba

In 2021, overseas purchases of iron oxide pigments decreased by -16.7% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports recorded a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, iron oxide pigment imports shrank to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.7% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 50%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest iron oxide pigment supplier to Cuba, with a 41% share of total imports. Moreover, iron oxide pigment imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.4% per year) and Italy (-8.7% per year).

In value terms, Spain ($X) constituted the largest supplier of iron oxide pigments to Cuba, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.8% per year) and China (-12.5% per year).

Import Prices by Country

In 2021, the average iron oxide pigment import price amounted to $X per ton, rising by 11% against the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 112% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments consumption in 2020 were China, Germany and the United States, with a combined 43% share of global consumption. India, Mexico, Japan, Chile, Taiwan Chinese), Russia, Italy, France, Brazil and Poland lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of iron oxides and hydroxides in the world?

The countries with the highest volumes of iron oxide pigments production in 2020 were China, Germany and India, together accounting for 57% of global production. These countries were followed by Japan, Brazil, Chile, South Korea, Taiwan Chinese), France, Italy, Mauritania, Austria and Belgium, which together accounted for a further 30%.

What are the leading suppliers of iron oxides and hydroxides to Cuba?

In value terms, Spain constituted the largest supplier of iron oxide pigments to Cuba, comprising 81% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports.

What is the average export price for iron oxides and hydroxides in Cuba?

In 2020, the average iron oxide pigments export price amounted to $1,261 per ton, flattening at the previous year.

What is the average import price for iron oxides and hydroxides in Cuba?

In 2020, the average iron oxide pigments import price amounted to $2,464 per ton, rising by 11% against the previous year.

This report provides an in-depth analysis of the iron oxide pigment 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 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3

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