Report Update Nov 1, 2024

Cuba - Permanent Magnets of Metal - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Cuba

In 2021, the Cuban metal permanent magnet market increased by 15% to $X, rising for the third consecutive year after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Metal permanent magnet consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Metal Permanent Magnet Exports

Exports from Cuba

After two years of decline, shipments abroad of metal permanent magnets increased by 275% to X kg in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 307%. As a result, the exports attained the peak of X kg. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal permanent magnet exports soared to $X in 2021. In general, exports continue to indicate a modest increase. The pace of growth appeared the most rapid in 2014 when exports increased by 641% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for metal permanent magnet exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

In value terms, Switzerland ($X) emerged as the key foreign market for metal permanent magnet exports from Cuba.

From 2013 to 2021, the average annual rate of growth in terms of value to Switzerland was relatively modest.

Export Prices by Country

In 2021, the average metal permanent magnet export price amounted to $X per ton, growing by 20% against the previous year. Overall, the export price showed a modest expansion. The most prominent rate of growth was recorded in 2014 an increase of 82% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2013 to 2021, the rate of growth in terms of prices for Russia amounted to 0.0% per year.

Metal Permanent Magnet Imports

Imports into Cuba

In 2021, supplies from abroad of metal permanent magnets increased by 16% to X tons, rising for the third year in a row after three years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 571%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, metal permanent magnet imports rose significantly to $X in 2021. Overall, imports saw notable growth. The growth pace was the most rapid in 2013 with an increase of 429% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) was the main supplier of metal permanent magnet to Cuba, accounting for a 90% share of total imports. Moreover, metal permanent magnet imports from Italy exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.3% per year) and Spain (-32.2% per year).

In value terms, Italy ($X) constituted the largest supplier of metal permanent magnet to Cuba, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.8% per year) and Spain (-28.7% per year).

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2021, reducing by -2.5% against the previous year. Over the period under review, the import price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 103% against the previous year. Over the period under review, average import prices hit record highs 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.1%), 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 metal permanent magnets in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. Mexico, Indonesia, Japan, Germany, Canada, Saudi Arabia, Italy, South Korea, the Philippines and Thailand lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of metal permanent magnets in the world?

China constituted the country with the largest volume of metal permanent magnet production, accounting for 50% of total volume. Moreover, metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of metal permanent magnets to Cuba?

In value terms, Canada constituted the largest supplier of metal permanent magnet to Cuba, comprising 49% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports. It was followed by Italy, with a 6.3% share.

What is the average export price for metal permanent magnets in Cuba?

In 2021, the average metal permanent magnet export price amounted to $26 per unit, waning by -9.9% against the previous year.

What is the average import price for metal permanent magnets in Cuba?

In 2021, the average metal permanent magnet import price amounted to $28 per unit, which is down by -6.9% against the previous year.

This report provides an in-depth analysis of the metal permanent magnet 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 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

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