Cuba: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Cuba

The Cuban metal frame non-upholstered seat market contracted notably to $X in 2021, shrinking by -20.3% 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 faced a precipitous decline. Metal frame non-upholstered seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Cuba

In 2021, overseas shipments of non-upholstered seats with metal frames decreased by -10% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 200%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal frame non-upholstered seat exports contracted significantly to $X in 2021. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 229% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X units) was the main destination for metal frame non-upholstered seat exports from Cuba, with a 56% share of total exports. Moreover, metal frame non-upholstered seat exports to Angola exceeded the volume sent to the second major destination, France (X units), threefold. Costa Rica (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-43.0% per year) and Costa Rica (0.0% per year).

In value terms, Angola ($X) remains the key foreign market for non-upholstered seats with metal frames exports from Cuba, comprising 72% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 17% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (0.0% per year) and France (-45.3% per year).

Export Prices by Country

The average metal frame non-upholstered seat export price stood at $X per unit in 2021, dropping by -26.2% against the previous year. Overall, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+9.2%).

Imports of Non-Upholstered Seats With Metal Frames

Imports into Cuba

In 2021, approx. X units of non-upholstered seats with metal frames were imported into Cuba; with a decrease of -10.9% against the previous year. Overall, imports saw a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of 222% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal frame non-upholstered seat imports contracted remarkably to $X in 2021. In general, imports faced a significant decline. The most prominent rate of growth was recorded in 2015 when imports increased by 472%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Panama (X units) were the main suppliers of metal frame non-upholstered seat imports to Cuba, together accounting for 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal frame non-upholstered seat suppliers to Cuba were China ($X), Italy ($X) and Canada ($X), together accounting for 69% of total imports.

Canada, with a CAGR of +26.9%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average metal frame non-upholstered seat import price amounted to $X per unit, falling by -15.6% against the previous year. Overall, the import price, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 an increase of 78%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then reduced sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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