Cuba: Lamp Holder Market 2022

Lamp Holder Market Size in Cuba

The Cuban lamp holder market stood at $X in 2021, increasing by 2.1% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 -1.9% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Lamp Holder Production in Cuba

In value terms, lamp holder production reached $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 45%. Lamp holder production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Lamp Holder Exports

Exports from Cuba

In 2021, the amount of lamp holders, plugs and sockets exported from Cuba surged to X kg, rising by 310% against the previous year's figure. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 1,090%. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lamp holder exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 459%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X kg) was the main destination for lamp holder exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland was relatively modest.

In value terms, Poland ($X) emerged as the key foreign market for lamp holder exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Poland was relatively modest.

Export Prices by Country

The average lamp holder export price stood at $X per ton in 2021, rising by 7.6% against the previous year. In general, the export price recorded a notable expansion. The pace of growth appeared the most rapid in 2014 an increase of 125%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -0.2% per year.

Lamp Holder Imports

Imports into Cuba

In 2021, imports of lamp holders, plugs and sockets into Cuba soared to X tons, growing by 26% on 2020. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 72%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, lamp holder imports expanded markedly to $X in 2021. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 40%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X tons) and Italy (X tons) were the main suppliers of lamp holder imports to Cuba, together accounting for 84% of total imports. These countries were followed by Mexico, the Netherlands, Canada, Turkey and Costa Rica, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +422.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and China ($X) were the largest lamp holder suppliers to Cuba, together comprising 82% of total imports. These countries were followed by Mexico, Canada, Turkey, the Netherlands and Costa Rica, which together accounted for a further 13%.

Turkey, with a CAGR of +229.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, with a decrease of -14.3% against the previous year. In general, the import price, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2018 an increase of 74% against the previous year. The import price peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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