Report Update Jan 1, 2025

Cuba - Personal Spectacle Optics - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Personal Spectacle Optics Market 2025

Personal Spectacle Optics Market Size in Cuba

The Cuban personal spectacle optics market surged to $X in 2021, picking up by 22% against the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Personal Spectacle Optics Production in Cuba

In value terms, personal spectacle optics production skyrocketed to $X in 2021 estimated in export price. In general, production posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 60% against the previous year. Personal spectacle optics production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports from Cuba

In 2021, shipments abroad of personal spectacle optics decreased by 0% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2015 when exports increased by 427,142%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, personal spectacle optics exports amounted to $X in 2021. Over the period under review, exports saw a dramatic slump. The growth pace was the most rapid in 2015 with an increase of 497,242% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for personal spectacle optics exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Georgia was relatively modest.

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2021, remaining constant against the previous year. Over the period under review, the export price saw noticeable growth. The most prominent rate of growth was recorded in 2013 an increase of 292%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, 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 Georgia.

From 2012 to 2021, the rate of growth in terms of prices for Portugal amounted to +12.7% per year.

Personal Spectacle Optics Imports

Imports into Cuba

In 2021, the amount of personal spectacle optics imported into Cuba dropped modestly to X units, which is down by -4.9% compared with 2020 figures. In general, imports, however, showed a perceptible increase. The growth pace was the most rapid in 2013 when imports increased by 170% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, personal spectacle optics imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 178%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Spain (X units) were the main suppliers of personal spectacle optics imports to Cuba, together accounting for 50% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Taiwan (Chinese) ($X) and Spain ($X) constituted the largest personal spectacle optics suppliers to Cuba, together accounting for 43% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +31.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average personal spectacle optics import price amounted to $X per unit, picking up by 37% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Panama ($X per unit), while the price for Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+11.4%), 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 personal spectacle optics in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 53% share of global consumption. India, Japan, Mexico, Italy, the UK, Saudi Arabia, South Korea and Germany lagged somewhat behind, together comprising a further 22%.

What are the largest producers of personal spectacle optics in the world?

The country with the largest volume of personal spectacle optics production was China, comprising approx. 54% of total volume. Moreover, personal spectacle optics production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), sevenfold. India ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of personal spectacle optics to Cuba?

In value terms, China constituted the largest supplier of personal spectacle optics to Cuba, comprising 61% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with an 11% share of total imports. It was followed by Spain, with a 7% share.

What is the average export price for personal spectacle optics in Cuba?

In 2021, the average personal spectacle optics export price amounted to $2.2 per unit, surging by 6% against the previous year.

What is the average import price for personal spectacle optics in Cuba?

The average personal spectacle optics import price stood at $2.1 per unit in 2021, growing by 1.7% against the previous year.

This report provides an in-depth analysis of the personal spectacle optics 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 32504250 - Sunglasses
Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024