Report Update Nov 1, 2024

Cuba - Spectrometers and Spectrophotometers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Spectrometers And Spectrophotometers Market 2024

Spectrometers And Spectrophotometers Market Size in Cuba

In 2021, after four years of decline, there was significant growth in the Cuban spectrometers and spectrophotometers market, when its value increased by 74% to $X. Over the period under review, consumption, however, continues to indicate a abrupt setback. Spectrometers and spectrophotometers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports from Cuba

In 2021, shipments abroad of spectrometers and spectrophotometers decreased by 0% to X units, falling for the second consecutive year after four years of decline. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 300% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, spectrometers and spectrophotometers exports fell markedly to $X in 2021. Over the period under review, exports recorded a pronounced descent. The growth pace was the most rapid in 2013 when exports increased by 541% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for spectrometers and spectrophotometers exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to -7.4%.

In value terms, Colombia ($X) also remains the key foreign market for spectrometers and spectrophotometers exports from Cuba.

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

Export Prices by Country

The average spectrometers and spectrophotometers export price stood at $X per unit in 2021, with a decrease of -24.6% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 60%. The export price peaked at $X per unit in 2020, and then shrank markedly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to +5.9% per year.

Spectrometers And Spectrophotometers Imports

Imports into Cuba

In 2021, approx. X units of spectrometers and spectrophotometers were imported into Cuba; picking up by 64% against 2020. In general, imports, however, saw a sharp descent. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spectrometers and spectrophotometers imports surged to $X in 2021. Over the period under review, imports recorded moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Austria (X units) and Japan (X units) were the main suppliers of spectrometers and spectrophotometers imports to Cuba, with a combined 47% share of total imports. These countries were followed by Canada, Switzerland, France, China, the UK, Denmark, Germany, the Netherlands and Italy, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectrometers and spectrophotometers suppliers to Cuba were Japan ($X), France ($X) and Germany ($X), together accounting for 46% of total imports. These countries were followed by Switzerland, Denmark, Spain, Canada, the Netherlands, Italy, China, Austria and the UK, which together accounted for a further 17%.

In terms of the main suppliers, Switzerland, with a CAGR of +106.3%, recorded the highest growth rate of 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 spectrometers and spectrophotometers import price stood at $X per unit in 2021, with an increase of 9.1% against the previous year. Over the period under review, the import price saw significant growth. The most prominent rate of growth was recorded in 2020 an increase of 265%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain 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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+62.8%), 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 spectrometers and spectrophotometers in the world?

The country with the largest volume of spectrometers and spectrophotometers consumption was China, comprising approx. 26% of total volume. Moreover, spectrometers and spectrophotometers consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of spectrometers and spectrophotometers in the world?

China remains the largest spectrometers and spectrophotometers producing country worldwide, comprising approx. 33% of total volume. Moreover, spectrometers and spectrophotometers production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 14% share.

What are the leading suppliers of spectrometers and spectrophotometers to Cuba?

In value terms, Japan, Spain and Canada were the largest spectrometers and spectrophotometers suppliers to Cuba, together accounting for 70% of total imports.

What are the leading importers of spectrometers and spectrophotometers from Cuba?

In value terms, Colombia remains the key foreign market for spectrometers and spectrophotometers exports from Cuba.

What is the average export price for spectrometers and spectrophotometers in Cuba?

In 2020, the average spectrometers and spectrophotometers export price amounted to $635 per unit, growing by 42% against the previous year.

What is the average import price for spectrometers and spectrophotometers in Cuba?

The average spectrometers and spectrophotometers import price stood at $1,374 per unit in 2020, growing by 8.5% against the previous year.

This report provides an in-depth analysis of the spectrometers and spectrophotometers 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 26515330 - Spectrometers, spectrophotometers... using optical radiations

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