Cuba: Safety Headgear Market 2025

Safety Headgear Market Size in Cuba

The Cuban safety headgear market skyrocketed to $X in 2021, growing by 320% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Safety Headgear Exports

Exports from Cuba

In 2021, approx. X units of safety headgear were exported from Cuba; almost unchanged from the previous year's figure. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 800% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, safety headgear exports amounted to $X in 2021. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 752%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Costa Rica (X units) was the main destination for safety headgear exports from Cuba, accounting for a 93% share of total exports. Moreover, safety headgear exports to Costa Rica exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica amounted to +10.4%.

In value terms, Canada ($X) remains the key foreign market for safety headgear exports from Cuba, comprising 71% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +20.0%.

Export Prices by Country

In 2021, the average safety headgear export price amounted to $X per unit, flattening at the previous year. In general, the export price posted a pronounced increase. The growth pace was the most rapid in 2013 an increase of 109%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Costa Rica stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-1.2%), while the prices for the other major destinations experienced a decline.

Safety Headgear Imports

Imports into Cuba

In 2021, approx. X units of safety headgear were imported into Cuba; increasing by 412% compared with 2020. In general, imports enjoyed a tangible increase. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, safety headgear imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable slump. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Myanmar (X units), Spain (X units) and Italy (X units) were the main suppliers of safety headgear imports to Cuba, with a combined 57% share of total imports. Panama, China and Canada lagged somewhat behind, together comprising a further 6%.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Panama ($X) appeared to be the largest safety headgear suppliers to Cuba, with a combined 48% share of total imports.

In terms of the main suppliers, Panama, with a CAGR of +39.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety headgear import price stood at $X per unit in 2021, with a decrease of -33.1% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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