Cuba: Market for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates 2024

Market Size for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Cuba

After five years of growth, the Cuban market for snow-skis and other snow-ski equipment, ice-skates and roller-skates decreased by -62.9% to $X in 2021. In general, consumption continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2020, and then shrank markedly in the following year.

Exports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Exports from Cuba

In 2021, approx. X kg of snow-skis and other snow-ski equipment, ice-skates and roller-skates were exported from Cuba; remaining relatively unchanged against 2020. Overall, exports showed a prominent increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the maximum at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates stood at $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X kg), Angola (X kg) and Ukraine (X kg) were the main destinations of exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from Cuba.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for skis and its equipment and skates exported from Cuba were Angola ($X), Guatemala ($X) and Ukraine ($X), with a combined 62% share of total exports.

Among the main countries of destination, Angola, with a CAGR of +1,217.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X per ton, standing approx. at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-5.1%).

Imports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Imports into Cuba

In 2021, overseas purchases of snow-skis and other snow-ski equipment, ice-skates and roller-skates decreased by -72.3% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, imports saw a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of 70% against the previous year. Imports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates contracted notably to $X in 2021. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of 110%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of skis and its equipment and skates to Cuba, accounting for a 51% share of total imports. Moreover, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Panama (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +74.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.1% per year) and Panama (-4.8% per year).

In value terms, the largest skis and its equipment and skates suppliers to Cuba were Spain ($X), Panama ($X) and China ($X), with a combined 67% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +83.6%, 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 import price for snow-skis and other snow-ski equipment, ice-skates and roller-skates stood at $X per ton in 2021, with an increase of 76% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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