Report Update May 1, 2025

Cuba - Jacks and Hoists for Raising Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Jacks And Hoists Market 2025

Jacks And Hoists Market Size in Cuba

The Cuban jacks and hoists market declined sharply to $X in 2021, with a decrease of -23.1% against the previous year. Over the period under review, consumption, however, showed a notable increase. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped significantly in the following year.

Jacks And Hoists Production in Cuba

In value terms, jacks and hoists production fell notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 98% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced sharply in the following year.

Jacks And Hoists Exports

Exports by Country

Germany (X units) was the main destination for jacks and hoists exports from Cuba, with a approx. 100% share of total exports.

From 2021 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest.

From 2021 to 2021, the average annual growth rate of value to Germany was relatively modest.

Jacks And Hoists Imports

Imports into Cuba

In 2021, overseas purchases of jacks and hoists for raising vehicles decreased by -55.4% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 340%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, jacks and hoists imports dropped markedly to $X in 2021. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 307% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), France (X units) and Mexico (X units) were the main suppliers of jacks and hoists imports to Cuba, with a combined 65% share of total imports.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +50.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) constituted the largest jacks and hoists suppliers to Cuba, together accounting for 52% of total imports. Brazil, China, Argentina, Mexico, Panama, France, Italy and Russia lagged somewhat behind, together comprising a further 39%.

Panama, with a CAGR of +57.5%, 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

The average jacks and hoists import price stood at $X per unit in 2021, dropping by -21.7% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 71%. As a result, import price reached the peak level of $X per unit, and then contracted significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jacks and hoists for raising vehicles in the world?

The United States constituted the country with the largest volume of jacks and hoists consumption, accounting for 26% of total volume. Moreover, jacks and hoists consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Canada, with an 8% share.

What are the largest producers of jacks and hoists for raising vehicles in the world?

The country with the largest volume of jacks and hoists production was China, comprising approx. 56% of total volume. Moreover, jacks and hoists production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Canada ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of jacks and hoists for raising vehicles to Cuba?

In value terms, Russia constituted the largest supplier of jacks and hoists to Cuba, comprising 78% of total imports. The second position in the ranking was occupied by China, with an 11% share of total imports. It was followed by Spain, with a 5.6% share.

What is the average export price for jacks and hoists for raising vehicles in Cuba?

In 2021, the average jacks and hoists export price amounted to $558 per unit, approximately mirroring the previous year.

What is the average import price for jacks and hoists for raising vehicles in Cuba?

In 2021, the average jacks and hoists import price amounted to $88 per unit, with an increase of 15% against the previous year.

This report provides an in-depth analysis of the jacks and hoists 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 28221370 - Jacks and hoists of a kind used for raising vehicles (excluding built-in jacking systems of a kind used in garages, hydraulic jacks and hoists)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024