Report Update Nov 1, 2024

Cuba - Prisms and Mirrors - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Cuba

In 2021, the Cuban prisms and mirrors market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, recorded a sharp decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Prisms And Mirrors Exports

Exports from Cuba

In 2021, shipments abroad of prisms and mirrors decreased by 0% to X kg for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of 268%. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, prisms and mirrors exports reduced to $X in 2021. In general, exports faced a precipitous setback. The pace of growth was the most pronounced in 2013 with an increase of 297%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for prisms and mirrors exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Panama was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Panama was relatively modest.

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2019, jumping by 50% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2019: its price increased at an average annual rate of +5.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for Guatemala amounted to +10.1% per year.

Prisms And Mirrors Imports

Imports into Cuba

In 2021, supplies from abroad of prisms and mirrors increased by 38% to X kg for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2016 with an increase of 367%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, prisms and mirrors imports soared to $X in 2021. Overall, imports, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2016 when imports increased by 298%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X kg) constituted the largest supplier of prisms and mirrors to Cuba, accounting for a 85% share of total imports. Moreover, prisms and mirrors imports from Spain exceeded the figures recorded by the second-largest supplier, Panama (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -28.1%.

In value terms, Panama ($X) and Spain ($X) were the largest prisms and mirrors suppliers to Cuba.

In terms of the main suppliers, Panama, with a CAGR of -5.7%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average prisms and mirrors import price amounted to $X per ton, growing by 48% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 155%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Panama ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+22.6%), 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 prisms and mirrors in the world?

The countries with the highest volumes of in 2021 were Vietnam, Hungary and China, together accounting for 51% of global consumption.

What are the largest producers of prisms and mirrors in the world?

The countries with the highest volumes of in 2021 were South Korea, China and Taiwan Chinese), together comprising 84% of global production.

What are the leading suppliers of prisms and mirrors to Cuba?

In value terms, Germany, China and Spain appeared to be the largest prisms and mirrors suppliers to Cuba, with a combined 89% share of total imports.

What are the leading importers of prisms and mirrors from Cuba?

In value terms, Guatemala remains the key foreign market for prisms and mirrors exports from Cuba, comprising 97% of total exports. The second position in the ranking was occupied by the Czech Republic, with a 2.9% share of total exports.

What is the average export price for prisms and mirrors in Cuba?

The average prisms and mirrors export price stood at $1,311,077 per ton in 2016, growing by 1,906% against the previous year.

What is the average import price for prisms and mirrors in Cuba?

In 2021, the average prisms and mirrors import price amounted to $59,689 per ton, falling by -28.9% against the previous year.

This report provides an in-depth analysis of the prisms and mirrors 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 26702153 - Prisms, mirrors and other optical elements, 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
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