Report Update Nov 1, 2024

Cuba - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Loudspeaker Market 2024

Loudspeaker Market Size in Cuba

The Cuban loudspeaker market dropped notably to $X in 2021, falling by -62.8% 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). In general, consumption faced a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Loudspeaker Exports

Exports from Cuba

In 2021, loudspeaker exports from Cuba soared to X units, rising by 313% against the year before. In general, exports enjoyed a remarkable increase. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, loudspeaker exports soared to $X in 2021. Overall, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of 126%. 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

Costa Rica (X units) was the main destination for loudspeaker exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica stood at +15.5%.

In value terms, Costa Rica ($X) also remains the key foreign market for single loudspeakers (in enclosure) exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Costa Rica stood at +1.6%.

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, declining by -61.9% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 200%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to -12.0% per year.

Loudspeaker Imports

Imports into Cuba

In 2021, approx. X units of single loudspeakers (in enclosure) were imported into Cuba; dropping by -67.1% compared with the previous year's figure. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 349% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, loudspeaker imports reduced markedly to $X in 2021. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 290%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Mexico (X units) and Panama (X units) were the main suppliers of loudspeaker imports to Cuba, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +6.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Cuba, comprising 41% of total imports. The second position in the ranking was taken by Panama ($X), with a 19% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Mexico totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+4.4% per year) and China (-32.5% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, jumping by 30% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 143% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Bolivia ($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 (+27.2%), 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 single loudspeakers (in enclosure) in the world?

The countries with the highest volumes of loudspeaker consumption in 2020 were China, Germany and the United States, with a combined 44% share of global consumption. France, Japan, India, South Korea, Brazil, Mexico, the Netherlands, Denmark, Indonesia and Hungary lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of single loudspeakers (in enclosure) in the world?

China constituted the country with the largest volume of loudspeaker production, accounting for 70% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Vietnam, sixfold. The third position in this ranking was occupied by India, with a 4.6% share.

What are the leading suppliers of single loudspeakers (in enclosure) to Cuba?

In value terms, Canada, China and Mexico constituted the largest loudspeaker suppliers to Cuba, with a combined 73% share of total imports.

What are the leading importers of single loudspeakers (in enclosure) from Cuba?

In value terms, Costa Rica $77) remains the key foreign market for loudspeaker exports from Cuba.

What is the average export price for single loudspeakers (in enclosure) in Cuba?

In 2020, the average loudspeaker export price amounted to $18 per unit, surging by 154% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Cuba?

In 2020, the average loudspeaker import price amounted to $9.5 per unit, growing by 12% against the previous year.

This report provides an in-depth analysis of the loudspeaker 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 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

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