Report Update Nov 1, 2024

Cuba - Metal Complete and Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Cuba

In 2021, the Cuban metal domestic furniture market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a abrupt setback. Metal domestic furniture consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Cuba

In 2021, after three years of decline, there was significant growth in overseas shipments of metal furniture, when their volume increased by 299% to X tons. In general, exports, however, saw a abrupt curtailment. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal domestic furniture exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for metal domestic furniture exports from Cuba, accounting for a 93% share of total exports. Moreover, metal domestic furniture exports to Panama exceeded the volume sent to the second major destination, Saint Vincent and the Grenadines (X kg), more than tenfold. The third position in this ranking was held by the Dominican Republic (X kg), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama amounted to +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (0.0% per year) and the Dominican Republic (0.0% per year).

In value terms, Panama ($X) remains the key foreign market for metal furniture exports from Cuba, comprising 96% of total exports. The second position in the ranking was taken by Saint Vincent and the Grenadines ($X), with a 1.9% share of total exports. It was followed by the Dominican Republic, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to Panama amounted to +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (0.0% per year) and the Dominican Republic (0.0% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2021, with an increase of 116% against the previous year. Overall, the export price enjoyed a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Panama ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+83.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Cuba

After four years of decline, overseas purchases of metal furniture increased by 33% to X tons in 2021. In general, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal domestic furniture imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of metal domestic furniture imports to Cuba, with a combined 56% share of total imports. Italy and Mexico lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of -1.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest metal domestic furniture suppliers to Cuba were Spain ($X), Italy ($X) and China ($X), together comprising 46% of total imports.

Spain, with a CAGR of +3.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal domestic furniture import price amounted to $X per ton, with an increase of 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.6%), 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 metal furniture in the world?

The United States constituted the country with the largest volume of metal domestic furniture consumption, accounting for 30% of total volume. Moreover, metal domestic furniture consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Japan, with a 6% share.

What are the largest producers of metal furniture in the world?

China constituted the country with the largest volume of metal domestic furniture production, comprising approx. 53% of total volume. Moreover, metal domestic furniture production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Bangladesh ranked third in terms of total production with a 3.5% share.

What are the leading suppliers of metal furniture to Cuba?

In value terms, Spain, Italy and China appeared to be the largest metal domestic furniture suppliers to Cuba, with a combined 78% share of total imports.

What is the average export price for metal furniture in Cuba?

The average metal domestic furniture export price stood at $6,422 per ton in 2021, picking up by 5.8% against the previous year.

What is the average import price for metal furniture in Cuba?

In 2021, the average metal domestic furniture import price amounted to $5,909 per ton, waning by -3.6% against the previous year.

This report provides an in-depth analysis of the metal domestic furniture 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers

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