Report Update Nov 1, 2024

Cuba - Knives and Cutting Blades (For Machines or for Mechanical Appliances) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cutting Blade Market 2024

Cutting Blade Market Size in Cuba

The Cuban cutting blade market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Cutting Blade Exports

Exports from Cuba

In 2021, shipments abroad of knives and cutting blades (for machines or for mechanical appliances) was finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 48%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cutting blade exports surged to $X in 2021. Overall, exports saw mild growth. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Jamaica (X kg) and Costa Rica (X kg) were the main destinations of cutting blade exports from Cuba.

From 2012 to 2021, the biggest increases were recorded for Jamaica (with a CAGR of +3.2%).

In value terms, Costa Rica ($X) remains the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Cuba, comprising 45% of total exports. The second position in the ranking was held by Jamaica ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Costa Rica totaled +11.1%.

Export Prices by Country

The average cutting blade export price stood at $X per ton in 2021, with an increase of 55% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Jamaica amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+25.7%).

Cutting Blade Imports

Imports into Cuba

In 2021, after two years of decline, there was significant growth in overseas purchases of knives and cutting blades (for machines or for mechanical appliances), when their volume increased by 104% to X tons. Overall, imports posted a temperate increase. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, cutting blade imports fell markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when imports increased by 94%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Colombia (X tons) constituted the largest cutting blade supplier to Cuba, accounting for a 72% share of total imports. Moreover, cutting blade imports from Colombia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Colombia totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-1.4% per year) and Italy (+36.5% per year).

In value terms, the largest cutting blade suppliers to Cuba were Italy ($X), Colombia ($X) and Brazil ($X), with a combined 70% share of total imports.

Among the main suppliers, Italy, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cutting blade import price amounted to $X per ton, declining by -59.3% against the previous year. In general, the import price showed a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Colombia ($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 (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for knives and cutting blades (for machines or for mechanical appliances) in the world?

The country with the largest volume of cutting blade consumption was China, comprising approx. 28% of total volume. Moreover, cutting blade consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of knives and cutting blades (for machines or for mechanical appliances) in the world?

China constituted the country with the largest volume of cutting blade production, comprising approx. 33% of total volume. Moreover, cutting blade production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.3% share.

What are the leading suppliers of knives and cutting blades (for machines or for mechanical appliances) to Cuba?

In value terms, Spain, Colombia and Brazil appeared to be the largest cutting blade suppliers to Cuba, together accounting for 52% of total imports.

What are the leading importers of knives and cutting blades (for machines or for mechanical appliances) from Cuba?

In value terms, the largest markets for cutting blade exported from Cuba were the Netherlands, Costa Rica and Jamaica, with a combined 99% share of total exports.

What is the average export price for knives and cutting blades (for machines or for mechanical appliances) in Cuba?

In 2020, the average cutting blade export price amounted to $10,547 per ton, growing by 15% against the previous year.

What is the average import price for knives and cutting blades (for machines or for mechanical appliances) in Cuba?

In 2020, the average cutting blade import price amounted to $17,331 per ton, picking up by 35% against the previous year.

This report provides an in-depth analysis of the cutting blade 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 25736043 - Knives and cutting blades for machines or for mechanical appliances for working metal
Prodcom 25736045 - Knives and cutting blades for machines or for mechanical appliances for working wood
Prodcom 25736053 -
Prodcom 25736055 -
Prodcom 25736063 - Knives and cutting blades for agricultural, horticultural or forestry machines (excluding coulters for ploughs, discs for harrows)
Prodcom 25736065 - Knives and cutting blades, for machines or for mechanical appliances

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