Cuba: Market for Organic Surface-Active Products For Washing The Skin 2022

Market Size for Organic Surface-Active Products For Washing The Skin in Cuba

The Cuban skin organic surface-active products market declined to $X in 2021, which is down by -8.7% 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, continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from Cuba

In 2021, overseas shipments of organic surface-active products for washing the skin increased by 7% to X kg for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, exports, however, showed a dramatic slump. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, skin organic surface-active products exports contracted to $X in 2021. Overall, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 2.7%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Slovakia (X kg) was the main destination for skin organic surface-active products exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Slovakia was relatively modest.

In value terms, Slovakia ($X) emerged as the key foreign market for skin organic surface-active products exports from Cuba.

From 2013 to 2018, the average annual rate of growth in terms of value to Slovakia was relatively modest.

Export Prices by Country

In 2018, the average skin organic surface-active products export price amounted to $X per ton, increasing by 16% against the previous year. Overall, export price indicated prominent growth from 2013 to 2018: its price increased at an average annual rate of +14.4% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, skin organic surface-active products export price increased by +96.1% against 2013 indices. The pace of growth appeared the most rapid in 2016 an increase of 26%. The export price peaked in 2018 and is expected to retain growth in the near future.

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

From 2013 to 2018, the rate of growth in terms of prices for Sweden amounted to 0.0% per year.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into Cuba

Skin organic surface-active products imports into Cuba contracted to X tons in 2021, shrinking by -2.4% compared with the year before. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 121% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, skin organic surface-active products imports contracted rapidly to $X in 2021. Overall, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 108% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of skin organic surface-active products to Cuba, accounting for a 71% share of total imports. Moreover, skin organic surface-active products imports from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+1.3% per year) and Italy (-0.4% per year).

In value terms, Spain ($X) constituted the largest supplier of skin organic surface-active products to Cuba, comprising 58% of total imports. The second position in the ranking was taken by Mexico ($X), with a 22% share of total imports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.2% per year) and the Netherlands (+37.0% per year).

Import Prices by Country

The average skin organic surface-active products import price stood at $X per ton in 2021, declining by -15.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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