Report Update Nov 1, 2024

Cuba - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Cuba

The Cuban ball bearing parts market surged to $X in 2021, picking up by 34% 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 a perceptible slump. Ball bearing parts consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Ball Bearing Parts Exports

Exports from Cuba

After two years of decline, overseas shipments of parts of ball or roller bearings decreased by 0% to X kg in 2019. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 133%. The exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, ball bearing parts exports totaled $X in 2019. In general, exports posted a tangible expansion. The pace of growth was the most pronounced in 2013 when exports increased by 452% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Malawi (X kg) was the main destination for ball bearing parts exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Malawi was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Malawi was relatively modest.

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2019, approximately equating the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 137% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2019, the average export prices failed to regain momentum.

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

From 2012 to 2019, the rate of growth in terms of prices for New Zealand amounted to 0.0% per year.

Ball Bearing Parts Imports

Imports into Cuba

In 2021, ball bearing parts imports into Cuba skyrocketed to X tons, with an increase of 50% on the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 204% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, ball bearing parts imports surged to $X in 2021. Overall, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2019 when imports increased by 147%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Panama (X tons), Spain (X tons) and China (X tons) were the main suppliers of ball bearing parts imports to Cuba, with a combined 61% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +41.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest ball bearing parts suppliers to Cuba were China ($X), Spain ($X) and Panama ($X), together comprising 64% of total imports.

China, with a CAGR of +64.4%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average ball bearing parts import price amounted to $X per ton, which is down by -16.8% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball bearing parts import price increased by +60.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 93% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Dominican Republic ($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 (+16.0%), 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 parts of ball or roller bearings in the world?

China remains the largest ball bearing parts consuming country worldwide, comprising approx. 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8% share.

What are the largest producers of parts of ball or roller bearings in the world?

China constituted the country with the largest volume of ball bearing parts production, accounting for 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of parts of ball or roller bearings to Cuba?

In value terms, Spain constituted the largest supplier of ball bearing parts to Cuba, comprising 35% of total imports. The second position in the ranking was occupied by Canada, with an 8.8% share of total imports. It was followed by the Netherlands, with a 5.2% share.

What is the average export price for parts of ball or roller bearings in Cuba?

In 2019, the average ball bearing parts export price amounted to $5,240 per ton, standing approx. at the previous year.

What is the average import price for parts of ball or roller bearings in Cuba?

The average ball bearing parts import price stood at $30,485 per ton in 2021, waning by -9.6% against the previous year.

This report provides an in-depth analysis of the ball bearing parts market 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

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