Cuba: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Cuba

In 2022, after two years of decline, there was growth in the Cuban plastic pipe and hose market, when its value increased by 3.7% to $X. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Cuba

In value terms, plastic pipe and hose production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 22% against the previous year. Plastic pipe and hose production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Cuba

After two years of growth, overseas shipments of plastics tubes, pipes and hoses, and fitting decreased by -92.8% to X tons in 2022. In general, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,630%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic pipe and hose exports dropped dramatically to $X in 2022. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 120%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for plastic pipe and hose exports from Cuba, with a 32% share of total exports. Moreover, plastic pipe and hose exports to Venezuela exceeded the volume sent to the second major destination, Belgium (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Venezuela totaled -45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.2% per year) and Denmark (0.0% per year).

In value terms, Venezuela ($X) remains the key foreign market for plastics tubes, pipes and hoses, and fitting exports from Cuba, comprising 46% of total exports. The second position in the ranking was held by Denmark ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at -25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Belgium (+2.9% per year).

Export Prices by Country

In 2022, the average plastic pipe and hose export price amounted to $X per ton, jumping by 635% against the previous year. In general, the export price showed a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 1,476%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+36.1%), while the prices for the other major destinations experienced a decline.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Cuba

In 2022, supplies from abroad of plastics tubes, pipes and hoses, and fitting was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 53% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, plastic pipe and hose imports reached $X in 2022. In general, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Colombia (X tons), Mexico (X tons) and China (X tons) were the main suppliers of plastic pipe and hose imports to Cuba, with a combined 25% share of total imports. Spain, Canada, Chile, Italy, Panama, Nicaragua, Uruguay, Peru and Israel lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and Italy ($X) were the largest plastic pipe and hose suppliers to Cuba, with a combined 19% share of total imports. These countries were followed by Colombia, China, Canada, Chile, Panama, Uruguay, Nicaragua, Israel and Peru, which together accounted for a further 15%.

In terms of the main suppliers, Chile, with a CAGR of +14.8%, 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 2022, the average plastic pipe and hose import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 8.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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