Report Update Nov 1, 2024

Cuba - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Cuba

The Cuban mechanical shovel and excavator market declined notably to $X in 2021, with a decrease of -18.8% 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 continues to indicate a deep reduction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Cuba

Mechanical shovel and excavator exports from Cuba stood at X units in 2014, flattening at 2013. Overall, exports recorded a relatively flat trend pattern. The exports peaked in 2014 and are likely to see gradual growth in years to come.

In value terms, mechanical shovel and excavator exports totaled $X in 2014. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked in 2014 and are expected to retain growth in the near future.

Exports by Country

From 2013 to 2017, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2013 to 2017, the average annual growth rate of value to No country was relatively modest.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Cuba

In 2021, purchases abroad of mechanical shovels, excavators and shovel loaders decreased by -9% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 108% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, mechanical shovel and excavator imports reduced sharply to $X in 2021. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 84%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest mechanical shovel and excavator supplier to Cuba, with a 36% share of total imports. Moreover, mechanical shovel and excavator imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Russia (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.4% per year) and Russia (-20.1% per year).

In value terms, the largest mechanical shovel and excavator suppliers to Cuba were the Netherlands ($X), Russia ($X) and China ($X), with a combined 56% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +21.9%, 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

The average mechanical shovel and excavator import price stood at $X per unit in 2021, waning by -19.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jamaica (+1,915.1%), 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 mechanical shovels, excavators and shovel loaders in the world?

The countries with the highest volumes of in 2021 were South Africa, the United States and China, together comprising 80% of global consumption.

What are the largest producers of mechanical shovels, excavators and shovel loaders in the world?

The United States remains the largest mechanical shovel and excavator producing country worldwide, accounting for 55% of total volume. Moreover, mechanical shovel and excavator production in the United States exceeded the figures recorded by the second-largest producer, Japan, fourfold. China ranked third in terms of total production with a 9.6% share.

What are the leading suppliers of mechanical shovels, excavators and shovel loaders to Cuba?

In value terms, the largest mechanical shovel and excavator suppliers to Cuba were the Netherlands, South Korea and China, with a combined 75% share of total imports.

What is the average export price for mechanical shovels, excavators and shovel loaders in Cuba?

The average mechanical shovel and excavator export price stood at $8,550 per unit in 2017, approximately reflecting the previous year.

What is the average import price for mechanical shovels, excavators and shovel loaders in Cuba?

The average mechanical shovel and excavator import price stood at $33,333 per unit in 2021, with a decrease of -23.2% against the previous year.

This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
Prodcom 28922600 - Self-propelled bulldozers... with a .360
Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.

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