Cuba: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Cuba

In 2021, after two years of growth, there was decline in the Cuban cement prefabricated structural components market, when its value decreased by -1.1% to $X. Overall, consumption saw a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Cuba

In value terms, cement prefabricated structural components production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Cuba

Cement prefabricated structural components exports from Cuba totaled X tons in 2015, remaining constant against 2014 figures. Overall, exports faced a dramatic decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports totaled $X in 2015. In general, exports saw a dramatic setback. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for cement prefabricated structural components exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2015, the average annual rate of growth in terms of volume to New Zealand was relatively modest.

From 2013 to 2015, the average annual growth rate of value to New Zealand was relatively modest.

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2015, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 a decrease of 99.9%. Over the period under review, the average export prices attained the maximum in 2015 and is expected to retain growth in the immediate term.

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

From 2013 to 2015, the rate of growth in terms of prices for Poland amounted to 0.0% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Cuba

In 2021, supplies from abroad of prefabricated structural components of cement, concrete or artificial stone increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 248% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components imports contracted remarkably to $X in 2021. In general, imports, however, saw a sharp descent. The growth pace was the most rapid in 2018 with an increase of 422%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest cement prefabricated structural components supplier to Cuba, accounting for a 60% share of total imports. Moreover, cement prefabricated structural components imports from Mexico exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Panama (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-18.3% per year) and Panama (-9.0% per year).

In value terms, Italy ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Cuba, comprising 59% of total imports. The second position in the ranking was held by Mexico ($X), with a 23% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-18.6% per year) and Spain (-25.6% per year).

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, declining by -35.4% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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