Report Update Nov 1, 2024

Cuba - Rosin and Resin Acids and Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Cuba

The Cuban rosin and resin acids market declined to $X in 2021, waning by -10.5% against the previous year. Overall, consumption saw a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Rosin And Resin Acids And Derivatives in Cuba

In value terms, rosin and resin acids production shrank to $X in 2021 estimated in export price. Overall, production saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from Cuba

In 2018, overseas shipments of rosin and resin acids and derivatives decreased by 0% to X tons for the first time since 2015, thus ending a two-year declining trend. Over the period under review, exports recorded a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs in 2018 and are likely to continue growth in the near future.

In value terms, rosin and resin acids exports stood at $X in 2018. Overall, exports continue to indicate a buoyant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure in 2018 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for rosin and resin acids exports from Cuba, with a approx. 100% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of volume to China was relatively modest.

From 2015 to 2018, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

In 2018, the average rosin and resin acids export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price continues to indicate a dramatic slump. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2018, 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 China.

From 2015 to 2018, the rate of growth in terms of prices for China amounted to 0.0% per year.

Imports of Rosin And Resin Acids And Derivatives

Imports into Cuba

Rosin and resin acids imports into Cuba dropped notably to X tons in 2021, waning by -63.9% against the previous year's figure. In general, imports faced a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 280% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rosin and resin acids imports contracted dramatically to $X in 2021. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 327% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Spain (X kg) were the main suppliers of rosin and resin acids imports to Cuba, together comprising 70% of total imports. China lagged somewhat behind, accounting for a further 1.2%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +39.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) constituted the largest supplier of rosin and resin acids and derivatives to Cuba, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of total imports. It was followed by Spain, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.8% per year) and Spain (-23.1% per year).

Import Prices by Country

In 2021, the average rosin and resin acids import price amounted to $X per ton, increasing by 75% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+32.4%), 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 rosin and resin acids and derivatives in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption. These countries were followed by Indonesia, Brazil, Japan, Mexico, Germany, Italy, Vietnam, Turkey and Russia, which together accounted for a further 27%.

What are the largest producers of rosin and resin acids and derivatives in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 48% of global production. These countries were followed by Brazil, Indonesia, Finland, Mexico, Japan, Vietnam, Portugal and Argentina, which together accounted for a further 31%.

What are the leading suppliers of rosin and resin acids and derivatives to Cuba?

In value terms, Spain, the Netherlands and Italy appeared to be the largest rosin and resin acids suppliers to Cuba, together comprising 100% of total imports.

What is the average export price for rosin and resin acids and derivatives in Cuba?

The average rosin and resin acids export price stood at $2,121 per ton in 2018, approximately mirroring the previous year.

What is the average import price for rosin and resin acids and derivatives in Cuba?

The average rosin and resin acids import price stood at $3,123 per ton in 2021, rising by 15% against the previous year.

This report provides an in-depth analysis of the market for rosin and resin acids 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 20147150 - Rosin and resin acids, and derivatives, rosin spirit and oils, r un gums

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