Cuba: Market for Process Control, Gate, Globe and Other Valves 2024

Exports of Process Control, Gate, Globe and Other Valves

Exports from Cuba

After two years of decline, overseas shipments of process control, gate, globe and other valves increased by 27% to X tons in 2022. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 404%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of process control, gate, globe and other valves amounted to $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 406% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg), South Africa (X kg) and Switzerland (X kg) were the main destinations of exports of process control, gate, globe and other valves from Cuba, together accounting for 7.1% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +11.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) emerged as the key foreign market for process control, gate, globe and other valves exports from Cuba, comprising 74% of total exports. The second position in the ranking was taken by South Africa ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-16.3% per year) and the Czech Republic (-16.5% per year).

Export Prices by Country

In 2022, the average export price for process control, gate, globe and other valves amounted to $X per ton, falling by -12.9% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for process control, gate, globe and other valves increased by +40.6% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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 Switzerland ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+155.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Cuba

In 2022, approx. X tons of process control, gate, globe and other valves were imported into Cuba; waning by -20.2% on the previous year. Over the period under review, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of process control, gate, globe and other valves contracted notably to $X in 2022. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of imports of process control, gate, globe and other valves to Cuba, with a combined 58% share of total imports. These countries were followed by Canada, Mexico and Brazil, which together accounted for a further 7%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +3.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest process control, gate, globe and other valves suppliers to Cuba were Spain ($X), China ($X) and Canada ($X), with a combined 50% share of total imports. Italy, Mexico and Brazil lagged somewhat behind, together comprising a further 7.4%.

In terms of the main suppliers, Mexico, with a CAGR of -3.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for process control, gate, globe and other valves stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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