Report Update Nov 1, 2024

Cuba - Lifts, Elevators, Moving Stairways and Draglines - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Cuba

In 2021, the Cuban market for lifts, elevators, moving stairways and draglines decreased by -19.9% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Cuba

Lift, elevator, stairway and dragline exports from Cuba soared to X units in 2018, picking up by 200% compared with the previous year's figure. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lift, elevator, stairway and dragline exports surged to $X in 2018. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for lift, elevator, stairway and dragline exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to the Netherlands amounted to +44.2%.

In value terms, the Netherlands ($X) emerged as the key foreign market for lifts, elevators, moving stairways and draglines exports from Cuba.

From 2012 to 2018, the average annual rate of growth in terms of value to the Netherlands stood at +125.5%.

Export Prices by Country

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2018, picking up by 67% against the previous year. Over the period under review, the export price posted a perceptible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2018, the rate of growth in terms of prices for Panama amounted to +150.3% per year.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Cuba

In 2021, overseas purchases of lifts, elevators, moving stairways and draglines decreased by -25.9% to X units, falling for the fourth consecutive year after three years of growth. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 126%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lift, elevator, stairway and dragline imports declined notably to $X in 2021. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 79%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Russia (X units) and Belgium (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Cuba, together accounting for 74% of total imports. These countries were followed by Denmark, China, India and Italy, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Cuba, comprising 51% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.7% per year) and Spain (-14.3% per year).

Import Prices by Country

In 2021, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, picking up by 13% against the previous year. Overall, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 89%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), 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 lifts, elevators, moving stairways and draglines in the world?

China remains the largest lift, elevator, stairway and dragline consuming country worldwide, accounting for 22% of total volume. Moreover, lift, elevator, stairway and dragline consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of lifts, elevators, moving stairways and draglines in the world?

China constituted the country with the largest volume of lift, elevator, stairway and dragline production, accounting for 26% of total volume. Moreover, lift, elevator, stairway and dragline production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of lifts, elevators, moving stairways and draglines to Cuba?

In value terms, Russia constituted the largest supplier of lift, elevator, stairway and dragline to Cuba, comprising 51% of total imports. The second position in the ranking was occupied by China, with a 13% share of total imports. It was followed by Belgium, with an 11% share.

What is the average export price for lifts, elevators, moving stairways and draglines in Cuba?

The average export price for lifts, elevators, moving stairways and draglines stood at $12,561 per unit in 2018, growing by 67% against the previous year.

What is the average import price for lifts, elevators, moving stairways and draglines in Cuba?

The average import price for lifts, elevators, moving stairways and draglines stood at $9,733 per unit in 2021, jumping by 36% against the previous year.

This report provides an in-depth analysis of the market for lift, elevator, stairway and dragline 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 28221630 - Electrically operated lifts and skip hoists
Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
Prodcom 28221670 - Escalators and moving walkways
Prodcom 28221740 - Pneumatic elevators and conveyors
Prodcom 28221820 - Teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars

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