Report Update May 1, 2025

Cuba - Loudspeakers (Not in Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Non-Enclosed Loudspeakers Market 2025

Non-Enclosed Loudspeakers Market Size in Cuba

The Cuban non-enclosed loudspeakers market reduced rapidly to $X in 2021, waning by -51.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted mild growth. Non-enclosed loudspeakers consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Non-Enclosed Loudspeakers Exports

Exports from Cuba

In 2019, the amount of loudspeakers (not in enclosure) exported from Cuba surged to X units, picking up by 9,110% against 2018. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2019. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Angola (X units) was the main destination for non-enclosed loudspeakers exports from Cuba, with a 71% share of total exports. Moreover, non-enclosed loudspeakers exports to Angola exceeded the volume sent to the second major destination, Jamaica (X units), twofold.

From 2012 to 2019, the average annual growth rate of volume to Angola stood at +78.1%.

From 2012 to 2019, the average annual rate of growth in terms of value to Jamaica stood at +375.1%.

Export Prices by Country

In 2019, the average non-enclosed loudspeakers export price amounted to $X per unit, picking up by 917% against the previous year. Overall, the export price enjoyed a significant 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 Jamaica ($X per unit), while the average price for exports to Angola totaled $X per unit.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+241.3%).

Non-Enclosed Loudspeakers Imports

Imports into Cuba

In 2021, approx. X units of loudspeakers (not in enclosure) were imported into Cuba; waning by -60.3% compared with the previous year's figure. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of 466% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports reduced notably to $X in 2021. In general, imports, however, saw modest growth. The pace of growth appeared the most rapid in 2013 with an increase of 298%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Panama (X units) constituted the largest non-enclosed loudspeakers supplier to Cuba, accounting for a 79% share of total imports. Moreover, non-enclosed loudspeakers imports from Panama exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.0% per year) and China (-30.6% per year).

In value terms, Panama ($X), Spain ($X) and China ($X) were the largest non-enclosed loudspeakers suppliers to Cuba, with a combined 64% share of total imports.

Among the main suppliers, Panama, with a CAGR of +14.5%, recorded the highest growth rate of 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 non-enclosed loudspeakers import price amounted to $X per unit, growing by 35% 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 2018 when the average import price increased by 76%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for loudspeakers (not in enclosure) in the world?

The countries with the highest volumes of non-enclosed loudspeakers consumption in 2020 were India, China and Hong Kong SAR, with a combined 43% share of global consumption.

What are the largest producers of loudspeakers (not in enclosure) in the world?

China remains the largest non-enclosed loudspeakers producing country worldwide, accounting for 69% of total volume. Moreover, non-enclosed loudspeakers production in China exceeded the figures recorded by the second-largest producer, Vietnam, sevenfold. The third position in this ranking was occupied by Thailand, with a 7.6% share.

What are the leading suppliers of loudspeakers (not in enclosure) to Cuba?

In value terms, Panama, Spain and Italy appeared to be the largest non-enclosed loudspeakers suppliers to Cuba, with a combined 93% share of total imports.

What is the average export price for loudspeakers (not in enclosure) in Cuba?

In 2019, the average non-enclosed loudspeakers export price amounted to $1.5 per unit, approximately mirroring the previous year.

What is the average import price for loudspeakers (not in enclosure) in Cuba?

The average non-enclosed loudspeakers import price stood at $5.7 per unit in 2020, rising by 29% against the previous year.

This report provides an in-depth analysis of the non-enclosed loudspeakers 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 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)

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