Report Update Nov 1, 2024

Cuba - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Cuba

The Cuban market for oil and water paints and varnishes skyrocketed to $X in 2021, with an increase of 299% 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). In general, consumption, however, continues to indicate a sharp slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Oil And Water Paints And Varnishes

Exports from Cuba

Exports of oil and water paints and varnishes from Cuba stood at X kg in 2021, approximately reflecting 2020 figures. Overall, exports continue to indicate a precipitous decrease. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of oil and water paints and varnishes amounted to $X in 2021. Over the period under review, exports saw a precipitous curtailment. The smallest decline of 99.9% was in 2020. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X kg) was the main destination for exports of oil and water paints and varnishes from Cuba, with a 75% share of total exports. Moreover, exports of oil and water paints and varnishes to New Zealand exceeded the volume sent to the second major destination, France (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest.

From 2012 to 2021, the average annual growth rate of value to France stood at +185.6%.

Export Prices by Country

The average export price for oil and water paints and varnishes stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-7.7%).

Imports of Oil And Water Paints And Varnishes

Imports into Cuba

In 2021, approx. X tons of oil and water paints and varnishes were imported into Cuba; jumping by 437% compared with the year before. In general, imports, however, faced a precipitous slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of oil and water paints and varnishes soared to $X in 2021. Overall, imports, however, faced a sharp curtailment. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Trinidad and Tobago (X tons) and China (X tons) were the main suppliers of imports of oil and water paints and varnishes to Cuba, together accounting for 91% of total imports. These countries were followed by Mexico, the Netherlands, the Dominican Republic and Italy, which together accounted for a further 7.4%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +169.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil and water paints and varnishes suppliers to Cuba were Trinidad and Tobago ($X), Spain ($X) and China ($X), with a combined 83% share of total imports. These countries were followed by the Dominican Republic, the Netherlands, Mexico and Italy, which together accounted for a further 11%.

Among the main suppliers, the Netherlands, with a CAGR of +83.7%, recorded the highest rates of growth with regard to the value of imports, 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 import price for oil and water paints and varnishes amounted to $X per ton, declining by -37.3% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oil and water paints and varnishes in the world?

The country with the largest volume of consumption of oil and water paints and varnishes was China, accounting for 28% of total volume. Moreover, consumption of oil and water paints and varnishes in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Germany, with a 5.7% share.

What are the largest producers of oil and water paints and varnishes in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 48% of global production. These countries were followed by Russia, Italy, Indonesia, Japan, Belarus, Turkey, South Korea, Iran and Egypt, which together accounted for a further 27%.

What are the leading suppliers of oil and water paints and varnishes to Cuba?

In value terms, Spain, China and the Dominican Republic appeared to be the largest oil and water paints and varnishes suppliers to Cuba, together comprising 77% of total imports. The Netherlands, Panama and Mexico lagged somewhat behind, together comprising a further 12%.

What is the average export price for oil and water paints and varnishes in Cuba?

In 2021, the average export price for oil and water paints and varnishes amounted to $7,787 per ton, remaining stable against the previous year.

What is the average import price for oil and water paints and varnishes in Cuba?

In 2021, the average import price for oil and water paints and varnishes amounted to $3,101 per ton, surging by 4.2% against the previous year.

This report provides an in-depth analysis of the market for oil and water paints and varnishes 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

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