Report Update Nov 1, 2024

Cuba - Prepared Glues and Other Prepared Adhesives - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Cuba

The Cuban market for prepared glues and other prepared adhesives surged to $X in 2021, rising by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.2% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Cuba

In 2021, overseas shipments of prepared glues and other prepared adhesives decreased by -78.8% to X kg, falling for the fifth consecutive year after two years of growth. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 83% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives reduced remarkably to $X in 2021. Overall, exports showed a significant curtailment. The growth pace was the most rapid in 2015 with an increase of 56%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Cuba, accounting for a approx. 5,381% share of total exports.

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

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

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, declining by -4.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, the export price attained the peak level of $X per ton. 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 Switzerland.

From 2012 to 2021, the rate of growth in terms of prices for Slovakia amounted to -16.3% per year.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Cuba

Imports of prepared glues and other prepared adhesives into Cuba skyrocketed to X tons in 2021, picking up by 46% on 2020 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of prepared glues and other prepared adhesives to Cuba, accounting for a 49% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.9% per year) and Italy (-7.9% per year).

In value terms, Spain ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Cuba, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 5.2% share of total imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.9% per year) and Italy (-10.6% per year).

Import Prices by Country

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, growing by 6.7% against the previous year. In general, the import price, however, showed a perceptible descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Brazil ($X per ton), while the price for Malaysia ($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 (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared glues and other prepared adhesives in the world?

China remains the largest prepared glues and other prepared adhesives consuming country worldwide, comprising approx. 33% of total volume. Moreover, consumption of prepared glues and other prepared adhesives in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.4% share.

What are the largest producers of prepared glues and other prepared adhesives in the world?

China remains the largest prepared glues and other prepared adhesives producing country worldwide, comprising approx. 35% of total volume. Moreover, production of prepared glues and other prepared adhesives in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.8% share.

What are the leading suppliers of prepared glues and other prepared adhesives to Cuba?

In value terms, Spain constituted the largest supplier of prepared glues and other prepared adhesives to Cuba, comprising 66% of total imports. The second position in the ranking was occupied by China, with a 6.7% share of total imports. It was followed by Italy, with a 5.5% share.

What is the average export price for prepared glues and other prepared adhesives in Cuba?

In 2021, the average export price for prepared glues and other prepared adhesives amounted to $3,594 per ton, stabilizing at the previous year.

What is the average import price for prepared glues and other prepared adhesives in Cuba?

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $3,655 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives 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 20521080 - Prepared glues and other prepared adhesives, n.e.c.

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
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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