Report Update Nov 1, 2024

Cuba - Lifting Equipment Designed for Mounting on Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Cuba

In 2021, after six years of growth, there was significant decline in the Cuban mounting lifting equipment market, when its value decreased by -44.5% to $X. Over the period under review, consumption, however, saw a strong expansion. Mounting lifting equipment consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Mounting Lifting Equipment Exports

Exports from Cuba

In 2021, mounting lifting equipment exports from Cuba was estimated at less than X units, standing approx. at 2020. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, mounting lifting equipment exports stood at less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Mounting Lifting Equipment Imports

Imports into Cuba

Mounting lifting equipment imports into Cuba dropped sharply to X units in 2021, which is down by -24% compared with 2020 figures. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 320%. Over the period under review, imports reached the peak figure at X units in 2020, and then declined remarkably in the following year.

In value terms, mounting lifting equipment imports reduced notably to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 325%. Over the period under review, imports reached the maximum at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest mounting lifting equipment supplier to Cuba, with a 37% share of total imports. Moreover, mounting lifting equipment imports from Spain exceeded the figures recorded by the second-largest supplier, Canada (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+8.0% per year) and Italy (-11.5% per year).

In value terms, the largest mounting lifting equipment suppliers to Cuba were Spain ($X), Canada ($X) and Italy ($X), together comprising 61% of total imports.

In terms of the main suppliers, Canada, with a CAGR of +18.5%, saw 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

The average mounting lifting equipment import price stood at $X per unit in 2021, declining by -39.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 61% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment consumption in 2020 were Belgium, China and the United States, with a combined 52% share of global consumption.

What are the largest producers of lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of mounting lifting equipment production in 2020 were Belgium, China and the United States, together comprising 50% of global production.

What are the leading suppliers of lifting equipment designed for mounting on road vehicles to Cuba?

In value terms, Spain constituted the largest supplier of mounting lifting equipment to Cuba, comprising 88% of total imports. The second position in the ranking was occupied by Portugal, with a 12% share of total imports.

What is the average import price for lifting equipment designed for mounting on road vehicles in Cuba?

In 2020, the average mounting lifting equipment import price amounted to $21,080 per unit, falling by -32.8% against the previous year.

This report provides an in-depth analysis of the mounting lifting equipment 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 28221460 - Lifting equipment designed for mounting on road vehicles

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