Cuba: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in Cuba

In 2021, the Cuban plaits and basketwork market increased by 7.8% to $X for the first time since 2016, thus ending a four-year declining trend. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.2% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Plaits And Basketwork Production in Cuba

In value terms, plaits and basketwork production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2013 when the production volume increased by 69% against the previous year. Plaits and basketwork production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Plaits And Basketwork Exports

Exports from Cuba

In 2021, shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -15.9% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 344%. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, plaits and basketwork exports fell rapidly to $X in 2021. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when exports increased by 201% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Spain (X tons) was the main destination for plaits and basketwork exports from Cuba, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +34.8%.

In value terms, Spain ($X) also remains the key foreign market for plaits and basketwork exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +12.2%.

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2021, shrinking by -24.7% against the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton. From 2017 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 Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -16.8% per year.

Plaits And Basketwork Imports

Imports into Cuba

For the third year in a row, Cuba recorded growth in overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by 46% to X tons in 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 359% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, plaits and basketwork imports skyrocketed to $X in 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 285% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of plaits and basketwork to Cuba, accounting for a 77% share of total imports. Moreover, plaits and basketwork imports from Spain exceeded the figures recorded by the second-largest supplier, Angola (X tons), sevenfold. Panama (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +110.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Angola (+1,126.5% per year) and Panama (+16.4% per year).

In value terms, Spain ($X) constituted the largest supplier of plaits and basketwork to Cuba, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 9.5% share of total imports. It was followed by Panama, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +94.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Panama (+18.1% per year).

Import Prices by Country

In 2021, the average plaits and basketwork import price amounted to $X per ton, standing approx. at the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plaits and basketwork import price decreased by -11.8% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 30%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Angola ($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 (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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