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

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

The Cuban wooden frame non-upholstered seat market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt slump. Wooden frame non-upholstered seat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Cuba

In 2021, the amount of non-upholstered seats with wooden frames exported from Cuba soared to X units, picking up by 90% compared with the previous year. In general, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 182% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports soared to $X in 2021. Over the period under review, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 253% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saint Vincent and the Grenadines (X units) was the main destination for wooden frame non-upholstered seat exports from Cuba, accounting for a 40% share of total exports. Moreover, wooden frame non-upholstered seat exports to Saint Vincent and the Grenadines exceeded the volume sent to the second major destination, France (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saint Vincent and the Grenadines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-25.4% per year) and the United Arab Emirates (0.0% per year).

In value terms, Saint Vincent and the Grenadines ($X) emerged as the key foreign market for non-upholstered seats with wooden frames exports from Cuba, comprising 43% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saint Vincent and the Grenadines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and France (-24.9% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2021, shrinking by -29.5% against the previous year. In general, the export price, however, posted a temperate expansion. The growth pace was the most rapid in 2020 an increase of 139%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per unit), while the average price for exports to France ($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 Costa Rica (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Cuba

In 2021, purchases abroad of non-upholstered seats with wooden frames was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 453%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 295%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Panama (X units) and Canada (X units) were the main suppliers of wooden frame non-upholstered seat imports to Cuba, together accounting for 62% of total imports. These countries were followed by Germany, Mexico, Brazil, Spain and Italy, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Panama ($X) and Spain ($X) constituted the largest wooden frame non-upholstered seat suppliers to Cuba, together comprising 49% of total imports. Germany, Canada, Mexico, Brazil and Italy lagged somewhat behind, together comprising a further 36%.

Mexico, with a CAGR of +28.5%, recorded the highest rates of growth with regard to 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 wooden frame non-upholstered seat import price amounted to $X per unit, dropping by -33.5% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2018 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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