Cuba: Market for Pens, Stylos And Similar Stationery 2024

Market Size for Pens, Stylos And Similar Stationery in Cuba

The Cuban market for pens, stylos and similar stationery surged to $X in 2021, with an increase of 118% 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). Over the period under review, consumption, however, recorded a abrupt decline. Pens, stylos and similar stationery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Pens, Stylos And Similar Stationery

Exports from Cuba

Pens, stylos and similar stationery exports from Cuba skyrocketed to X units in 2021, growing by 56% compared with 2020. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 163%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pens, stylos and similar stationery exports skyrocketed to $X in 2021. Over the period under review, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 304%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Costa Rica (X units), Nicaragua (X units) and the United Arab Emirates (X units) were the main destinations of pens, stylos and similar stationery exports from Cuba, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for pens, stylos and similar stationery exports from Cuba, comprising 90% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 4% share of total exports. It was followed by Nicaragua, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+1.5% per year) and Nicaragua (0.0% per year).

Export Prices by Country

The average export price for pens, stylos and similar stationery stood at $X per thousand units in 2021, with an increase of 90% against the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 484% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per thousand units), while the average price for exports to Costa Rica ($X per thousand units) 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 (+9.2%).

Imports of Pens, Stylos And Similar Stationery

Imports into Cuba

In 2021, the amount of pens, stylos and similar stationery imported into Cuba skyrocketed to X units, growing by 210% on the year before. Over the period under review, imports, however, continue to indicate a perceptible slump. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, pens, stylos and similar stationery imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt decrease. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Mexico (X units) and Panama (X units) were the main suppliers of pens, stylos and similar stationery imports to Cuba, together accounting for 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +8.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of pens, stylos and similar stationery to Cuba, comprising 48% of total imports. The second position in the ranking was held by Mexico ($X), with a 22% share of total imports. It was followed by Panama, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.6% per year) and Panama (-5.4% per year).

Import Prices by Country

In 2021, the average import price for pens, stylos and similar stationery amounted to $X per thousand units, falling by -51.5% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 99% against the previous year. As a result, import price reached the peak level of $X per thousand units. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per thousand units), while the price for Mexico ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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