Report Update Nov 1, 2024

Cuba - Non-Alloy Aluminium Bars, Rods and Profiles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Cuba

The Cuban non-alloy aluminium bar market rose notably to $X in 2021, increasing by 14% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Alloy Aluminium Bar Production in Cuba

In value terms, non-alloy aluminium bar production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 48%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Non-Alloy Aluminium Bar Exports

Exports from Cuba

In 2021, exports of non-alloy aluminium bars, rods and profiles from Cuba declined to X kg, waning by -7.4% on the previous year. In general, exports recorded a dramatic contraction. The smallest decline of -7.3% was in 2020. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-alloy aluminium bar exports declined sharply to $X in 2021. Over the period under review, exports continue to indicate a significant contraction. The smallest decline of -18.4% was in 2020. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for non-alloy aluminium bar exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -34.8%.

In value terms, Italy ($X) also remains the key foreign market for non-alloy aluminium bars, rods and profiles exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -35.5%.

Export Prices by Country

In 2021, the average non-alloy aluminium bar export price amounted to $X per ton, falling by -11.9% against the previous year. In general, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2017 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -1.0% per year.

Non-Alloy Aluminium Bar Imports

Imports into Cuba

In 2021, supplies from abroad of non-alloy aluminium bars, rods and profiles was finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 122% 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, non-alloy aluminium bar imports surged to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 143% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Costa Rica (X tons) and Portugal (X tons) were the main suppliers of non-alloy aluminium bar imports to Cuba, with a combined 63% share of total imports. Italy and Mexico lagged somewhat behind, together comprising a further 2.5%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +35.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Cuba, comprising 32% of total imports. The second position in the ranking was held by Portugal ($X), with a 14% share of total imports. It was followed by Costa Rica, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-20.1% per year) and Costa Rica (+36.7% per year).

Import Prices by Country

In 2021, the average non-alloy aluminium bar import price amounted to $X per ton, falling by -10.2% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-alloy aluminium bar import price decreased by -16.5% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 33%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+11.2%), 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 non-alloy aluminium bars, rods and profiles in the world?

China remains the largest non-alloy aluminium bar consuming country worldwide, comprising approx. 22% of total volume. Moreover, non-alloy aluminium bar consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. The third position in this ranking was occupied by Turkey, with a 7.2% share.

What are the largest producers of non-alloy aluminium bars, rods and profiles in the world?

The countries with the highest volumes of non-alloy aluminium bar production in 2020 were China, Mozambique and the U.S., with a combined 38% share of global production. Turkey, Japan, Russia, Germany, Brazil, Indonesia, the UK, Italy, France and Spain lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of non-alloy aluminium bars, rods and profiles to Cuba?

In value terms, Spain, Portugal and Italy constituted the largest non-alloy aluminium bar suppliers to Cuba, together comprising 93% of total imports. China and the Dominican Republic lagged somewhat behind, together accounting for a further 2.9%.

What are the leading importers of non-alloy aluminium bars, rods and profiles from Cuba?

In value terms, Italy remains the key foreign market for non-alloy aluminium bar exports from Cuba, comprising 87% of total exports. The second position in the ranking was occupied by Spain, with a 13% share of total exports.

What is the average export price for non-alloy aluminium bars, rods and profiles in Cuba?

The average non-alloy aluminium bar export price stood at $1,748 per ton in 2010, which is down by -16.2% against the previous year.

What is the average import price for non-alloy aluminium bars, rods and profiles in Cuba?

In 2020, the average non-alloy aluminium bar import price amounted to $5,119 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the non-alloy aluminium bar 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)

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