Report Update Nov 1, 2024

Cuba - Paints and Varnishes Dispersed or Dissolved in A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Cuba

In 2021, the Cuban non-aqueous paint and varnish market increased by 50% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Cuba

In 2021, overseas shipments of paints and varnishes dispersed or dissolved in a non-aqueous medium decreased by 0% to X kg, falling for the third year in a row after two years of growth. In general, exports faced a sharp shrinkage. The growth pace was the most rapid in 2015 when exports increased by 8,350% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports amounted to $X in 2021. Overall, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2015 with an increase of 4,754% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X kg) was the main destination for non-aqueous paint and varnish exports from Cuba, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola stood at +64.6%.

From 2012 to 2021, the average annual growth rate of value to Angola totaled -14.5%.

Export Prices by Country

The average non-aqueous paint and varnish export price stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 124%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Venezuela amounted to +6.2% per year.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Cuba

In 2021, supplies from abroad of paints and varnishes dispersed or dissolved in a non-aqueous medium increased by 58% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, saw a perceptible setback. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-aqueous paint and varnish imports skyrocketed to $X in 2021. In general, imports, however, saw a pronounced shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of non-aqueous paint and varnish to Cuba, with a 70% share of total imports. Moreover, non-aqueous paint and varnish imports from Spain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+19.5% per year) and Mexico (-27.1% per year).

In value terms, Spain ($X) constituted the largest supplier of non-aqueous paint and varnish to Cuba, comprising 76% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.4% share of total imports. It was followed by Mexico, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+21.9% per year) and Mexico (-24.9% per year).

Import Prices by Country

In 2021, the average non-aqueous paint and varnish import price amounted to $X per ton, shrinking by -6.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained 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 Canada ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.0%), 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 paints and varnishes dispersed or dissolved in a non-aqueous medium in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, together accounting for 51% of global consumption.

What are the largest producers of paints and varnishes dispersed or dissolved in a non-aqueous medium in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 51% share of global production.

What are the leading suppliers of paints and varnishes dispersed or dissolved in a non-aqueous medium to Cuba?

In value terms, Spain constituted the largest supplier of non-aqueous paint and varnish to Cuba, comprising 69% of total imports. The second position in the ranking was occupied by Mexico, with a 16% share of total imports. It was followed by Brazil, with a 2.9% share.

What is the average export price for paints and varnishes dispersed or dissolved in a non-aqueous medium in Cuba?

In 2021, the average non-aqueous paint and varnish export price amounted to $3,214 per ton, remaining stable against the previous year.

What is the average import price for paints and varnishes dispersed or dissolved in a non-aqueous medium in Cuba?

In 2021, the average non-aqueous paint and varnish import price amounted to $4,393 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the market for non-aqueous paint and varnish 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 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.

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