Report Update Nov 1, 2024

Cuba - Sacks and Bags of Polymers of Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Cuba

For the fourth consecutive year, the Cuban ethylene polymer bag market recorded decline in sales value, which decreased by -24.1% to $X in 2021. Overall, consumption showed a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports from Cuba

In 2021, the amount of sacks and bags of polymers of ethylene exported from Cuba soared to X tons, rising by 516% compared with 2020 figures. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer bag exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for ethylene polymer bag exports from Cuba, with a 87% share of total exports. Moreover, ethylene polymer bag exports to Slovenia exceeded the volume sent to the second major destination, Angola (X kg), sevenfold.

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

In value terms, Slovenia ($X) emerged as the key foreign market for ethylene polymer bag exports from Cuba, comprising 99% of total exports. The second position in the ranking was taken by Angola ($X), with a 0.5% share of total exports.

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

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2021, reducing by -26.4% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of 107%. The export price peaked at $X per ton in 2020, and then fell markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Angola stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1,504.8%).

Ethylene Polymer Bag Imports

Imports into Cuba

In 2021, the amount of sacks and bags of polymers of ethylene imported into Cuba shrank remarkably to X tons, which is down by -25.9% on the year before. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 48% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ethylene polymer bag imports shrank rapidly to $X in 2021. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2013 when imports increased by 38%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mexico (X tons), China (X tons) and Spain (X tons) were the main suppliers of ethylene polymer bag imports to Cuba, together comprising 59% of total imports. Panama, Italy, Canada and the Dominican Republic lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +6.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), China ($X) and Italy ($X) constituted the largest ethylene polymer bag suppliers to Cuba, with a combined 53% share of total imports. Mexico, Panama, the Dominican Republic and Canada lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, the Dominican Republic, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2021, increasing by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+10.8%), 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 sacks and bags of polymers of ethylene in the world?

Russia constituted the country with the largest volume of ethylene polymer bag consumption, accounting for 41% of total volume. Moreover, ethylene polymer bag consumption in Russia exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by India, with a 5.6% share.

What are the largest producers of sacks and bags of polymers of ethylene in the world?

Russia remains the largest ethylene polymer bag producing country worldwide, accounting for 41% of total volume. Moreover, ethylene polymer bag production in Russia exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the leading suppliers of sacks and bags of polymers of ethylene to Cuba?

In value terms, the largest ethylene polymer bag suppliers to Cuba were Panama, China and Spain, together accounting for 52% of total imports. Italy, Canada, Mexico and the Dominican Republic lagged somewhat behind, together accounting for a further 40%.

What is the average export price for sacks and bags of polymers of ethylene in Cuba?

In 2021, the average ethylene polymer bag export price amounted to $1,618 per ton, with an increase of 10% against the previous year.

What is the average import price for sacks and bags of polymers of ethylene in Cuba?

The average ethylene polymer bag import price stood at $3,977 per ton in 2021, falling by -9.9% against the previous year.

This report provides an in-depth analysis of the ethylene polymer bag 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 22221100 - Sacks and bags of polymers of ethylene (including cones)

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