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

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