Report Update Nov 1, 2024

Cuba - Narrow Woven Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Cuba

The Cuban narrow woven fabric market skyrocketed to $X in 2021, rising by 146% 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, however, recorded a drastic downturn. Narrow woven fabric consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Narrow Woven Fabric Exports

Exports from Cuba

In 2017, overseas shipments of narrow woven fabrics decreased by 0% to X kg for the first time since 2014, thus ending a two-year declining trend. Overall, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2014 when exports increased by 43%. As a result, the exports attained the peak of X kg. From 2015 to 2017, the growth of the exports remained at a lower figure.

In value terms, narrow woven fabric exports stood at $X in 2017. Over the period under review, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2014 with an increase of 159% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2017, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X kg) was the main destination for narrow woven fabric exports from Cuba, with a approx. 100% share of total exports.

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

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

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2017, stabilizing at the previous year. Overall, the export price faced a sharp setback. The growth pace was the most rapid in 2014 an increase of 81%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2017, the average export prices failed to regain momentum.

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

From 2013 to 2017, the rate of growth in terms of prices for Singapore amounted to +65.7% per year.

Narrow Woven Fabric Imports

Imports into Cuba

In 2021, the amount of narrow woven fabrics imported into Cuba soared to X tons, rising by 120% on 2020 figures. Overall, imports, however, recorded a abrupt downturn. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports soared to $X in 2021. In general, imports, however, showed a abrupt decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of narrow woven fabric to Cuba, accounting for a 45% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.7% per year) and Mexico (+3.9% per year).

In value terms, China ($X), Spain ($X) and Mexico ($X) constituted the largest narrow woven fabric suppliers to Cuba, together comprising 65% of total imports. The Dominican Republic and Canada lagged somewhat behind, together comprising a further 13%.

Canada, with a CAGR of +41.6%, saw 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

The average narrow woven fabric import price stood at $X per ton in 2021, rising by 22% against the previous year. In general, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2017 an increase of 43%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for narrow woven fabrics in the world?

The countries with the highest volumes of in 2021 were Brazil, China and the United States, with a combined 54% share of global consumption. These countries were followed by India, Pakistan, Turkey, Indonesia, Mexico, Nigeria and South Korea, which together accounted for a further 18%.

What are the largest producers of narrow woven fabrics in the world?

The countries with the highest volumes of in 2021 were China, Brazil and the United States, with a combined 66% share of global production. These countries were followed by India, Pakistan, Turkey, South Korea, Taiwan Chinese), Indonesia, Germany and Italy, which together accounted for a further 19%.

What are the leading suppliers of narrow woven fabrics to Cuba?

In value terms, Spain, China and Canada were the largest narrow woven fabric suppliers to Cuba, with a combined 74% share of total imports.

What is the average export price for narrow woven fabrics in Cuba?

The average narrow woven fabric export price stood at $6,000 per ton in 2017, therefore, remained relatively stable against the previous year.

What is the average import price for narrow woven fabrics in Cuba?

In 2021, the average narrow woven fabric import price amounted to $9,598 per ton, declining by -14.7% against the previous year.

This report provides an in-depth analysis of the narrow woven fabric 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 13961730 - Narrow woven fabrics other than labels, badges and other similar articles
Prodcom 13961750 - Labels, badges and similar articles in textile materials (excluding embroidered)
Prodcom 13961770 - Braids in the piece, tassels and pompons, ornamental trimmings (excluding knitted or crocheted)

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