Report Update Nov 1, 2024

Cuba - Roundwood - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Roundwood Market 2022

Roundwood Market Size in Cuba

In 2021, the Cuban roundwood market decreased by -6.4% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Roundwood Production in Cuba

In value terms, roundwood production declined markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +51.9% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 61%. As a result, production reached the peak level of $X, and then fell notably in the following year.

Roundwood Exports

Exports from Cuba

In 2021, after three years of growth, there was significant decline in shipments abroad of roundwood, when their volume decreased by -6% to X cubic meters. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 344% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, roundwood exports contracted to $X in 2021. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 200% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X cubic meters) was the main destination for roundwood exports from Cuba, accounting for a approx. 2.6% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2013 to 2020, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2020, the average roundwood export price amounted to $X per cubic meter, picking up by 11% against the previous year. Over the period from 2013 to 2020, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2015 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2020, the 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 Spain.

From 2013 to 2020, the rate of growth in terms of prices for Qatar amounted to +274.9% per year.

Roundwood Imports

Imports into Cuba

In 2021, purchases abroad of roundwood decreased by -0.6% to X cubic meters for the first time since 2014, thus ending a six-year rising trend. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2020, and then fell in the following year.

In value terms, roundwood imports contracted to $X in 2021. Overall, imports saw a pronounced slump. The growth pace was the most rapid in 2013 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Canada (X cubic meters) was the main supplier of roundwood to Cuba, accounting for a 91% share of total imports. Moreover, roundwood imports from Canada exceeded the figures recorded by the second-largest supplier, Guyana (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +161.0%.

In value terms, the largest roundwood suppliers to Cuba were Guyana ($X) and Canada ($X).

Canada, with a CAGR of +126.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average roundwood import price amounted to $X per cubic meter, declining by -2.5% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 5.3% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Guyana ($X per cubic meter), while the price for Canada amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+154.6%), 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 roundwood in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 31% share of global consumption.

What are the largest producers of roundwood in the world?

The countries with the highest volumes of in 2021 were the United States, India and China, together accounting for 29% of global production. Brazil, Russia, Canada, Indonesia, Ethiopia, Democratic Republic of the Congo, Germany, Nigeria, Sweden and Finland lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of roundwood to Cuba?

In value terms, Bosnia and Herzegovina constituted the largest supplier of roundwood to Cuba, comprising 46% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 10% share of total imports. It was followed by Greece, with a 7.6% share.

What are the leading importers of roundwood from Cuba?

In value terms, Italy remains the key foreign market for roundwood exports from Cuba, comprising 96% of total exports. The second position in the ranking was occupied by the Netherlands $698), with a 2.2% share of total exports.

What is the average export price for roundwood in Cuba?

The average roundwood export price stood at $291 per cubic meter in 2021, waning by -4.7% against the previous year.

What is the average import price for roundwood in Cuba?

In 2021, the average roundwood import price amounted to $78 per cubic meter, waning by -7.9% against the previous year.

This report provides an in-depth analysis of the roundwood 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:

FCL 1627 - Wood fuel, coniferous (production)
FCL 1628 - Wood fuel, non-coniferous (production)
FCL 1866 -
FCL 1867 -

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