Cuba: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Cuba

In 2020, the Cuban market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Cuba

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2020. Over the period under review, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for iron, steel or aluminium reservoir exports from Cuba, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands stood at +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for iron, steel or aluminium reservoir exports from Cuba.

From 2007 to 2020, the average annual rate of growth in terms of value to the Netherlands amounted to +X%.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Cuba

In 2020, overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped slightly to $X in 2020. In general, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Mexico (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Cuba, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Mexico exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and China (-X% per year).

In value terms, France ($X), Mexico ($X) and Brazil ($X) were the largest iron, steel or aluminium reservoir suppliers to Cuba, together accounting for X% of total imports. China, Portugal, Spain and Canada lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, in terms of 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 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, declining by -X% against the previous year. In general, import price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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