Report Update Nov 1, 2024

Cuba - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Cuba

The Cuban polycarboxylic acid market rose slightly to $X in 2021, growing by 3.3% against the previous year. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Polycarboxylic Acid Production in Cuba

In value terms, polycarboxylic acid production stood at $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 118% against the previous year. Polycarboxylic acid production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports from Cuba

In 2020, approx. X tons of polycarboxylic acids were exported from Cuba; stabilizing at the previous year. In general, exports posted a perceptible increase. The growth pace was the most rapid in 2016 with an increase of 300% against the previous year. The exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, polycarboxylic acid exports amounted to $X in 2020. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 69%. Over the period under review, the exports attained the maximum in 2020 and are likely to see steady growth in the near future.

Exports by Country

Egypt (X tons) was the main destination for polycarboxylic acid exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Egypt totaled +56.4%.

From 2012 to 2020, the average annual growth rate of value to Egypt stood at +94.8%.

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2020, approximately equating the previous year. Over the period under review, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price decreased by -57.8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Egypt amounted to +24.5% per year.

Polycarboxylic Acid Imports

Imports into Cuba

In 2021, imports of polycarboxylic acids into Cuba skyrocketed to X tons, increasing by 27% against the year before. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, polycarboxylic acid imports fell slightly to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 84%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest polycarboxylic acid supplier to Cuba, accounting for a 46% share of total imports. Moreover, polycarboxylic acid imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.8% per year) and Spain (+53.9% per year).

In value terms, Spain ($X), India ($X) and Mexico ($X) were the largest polycarboxylic acid suppliers to Cuba, together accounting for 60% of total imports. China, Brazil, Panama, Italy and Colombia lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Panama, with a CAGR of +87.8%, saw 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 polycarboxylic acid import price amounted to $X per ton, with a decrease of -25.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+8.3%), 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 polycarboxylic acids in the world?

The countries with the highest volumes of in 2021 were China, India and Turkey, with a combined 35% share of global consumption.

What are the largest producers of polycarboxylic acids in the world?

China remains the largest polycarboxylic acid producing country worldwide, accounting for 22% of total volume. Moreover, polycarboxylic acid production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.6% share.

What are the leading suppliers of polycarboxylic acids to Cuba?

In value terms, the largest polycarboxylic acid suppliers to Cuba were Spain, India and China, with a combined 68% share of total imports.

What is the average export price for polycarboxylic acids in Cuba?

In 2020, the average polycarboxylic acid export price amounted to $912 per ton, surging by 14% against the previous year.

What is the average import price for polycarboxylic acids in Cuba?

In 2021, the average polycarboxylic acid import price amounted to $2,149 per ton, with an increase of 25% against the previous year.

This report provides an in-depth analysis of the polycarboxylic acid 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 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
Prodcom 20143385 - Adipic acid, its salts and esters
Prodcom 20143387 - Maleic anhydride
Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
Prodcom 20143420 - Other esters of orthophthalic acid
Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and

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