Report Update Nov 1, 2024

Cuba - Matches - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Matches Market 2024

Matches Market Size in Cuba

The Cuban matches market dropped markedly to $X in 2021, falling by -51.7% 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). Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Matches Exports

Exports from Cuba

Matches exports from Cuba amounted to X kg in 2017, remaining stable against 2016 figures. In general, exports faced a sharp slump. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure at X kg in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

In value terms, matches exports totaled $X in 2017. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X kg) was the main destination for matches exports from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Nicaragua was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Nicaragua was relatively modest.

Export Prices by Country

In 2017, the average matches export price amounted to $X per ton, remaining stable against the previous year. In general, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs in 2017 and is expected to retain growth in the near future.

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

From 2013 to 2017, the rate of growth in terms of prices for Angola amounted to 0.0% per year.

Matches Imports

Imports into Cuba

In 2021, matches imports into Cuba dropped significantly to X tons, waning by -52.4% compared with the previous year. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 153% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, matches imports reduced rapidly to $X in 2021. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 165% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of matches to Cuba, with a 40% share of total imports. Moreover, matches imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+27.6% per year) and Mexico (-19.1% per year).

In value terms, Spain ($X) constituted the largest supplier of matches to Cuba, comprising 42% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+10.1% per year) and Belgium (+23.6% per year).

Import Prices by Country

The average matches import price stood at $X per ton in 2021, rising by 2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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 Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+35.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for matches in the world?

The countries with the highest volumes of matches consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. Nigeria, Russia, Brazil, Germany, Indonesia, Belarus, Japan, Ghana and Tanzania lagged somewhat behind, together comprising a further 24%.

What are the largest producers of matches in the world?

The countries with the highest volumes of matches production in 2020 were India, China and the United States, together accounting for 51% of global production. Russia, Indonesia, Brazil, Belarus, Pakistan, Sweden, Germany and Japan lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of matches to Cuba?

In value terms, Spain constituted the largest supplier of matches to Cuba, comprising 99% of total imports. The second position in the ranking was occupied by Belgium $144), with a 0.6% share of total imports.

What is the average export price for matches in Cuba?

The average matches export price stood at $5,500 per ton in 2017, leveling off at the previous year.

What is the average import price for matches in Cuba?

The average matches import price stood at $2,318 per ton in 2020, dropping by -2.9% against the previous year.

This report provides an in-depth analysis of the matches 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 20512000 - Matches (excluding Bengal matches and other pyrotechnic products)

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