Report Update Nov 1, 2024

Cuba - Steering Wheels, Steering Columns and Steering Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Cuba

In 2021, after four years of decline, there was significant growth in the Cuban steering wheels and columns market, when its value increased by 14% to $X. Overall, consumption, however, faced a abrupt descent. Steering wheels and columns consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Cuba

In 2021, overseas shipments of steering wheels, steering columns and steering boxes decreased by -10.8% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports showed a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 994% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, steering wheels and columns exports reached $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 1,193% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Canada (X kg) was the main destination for steering wheels and columns exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +26.2%.

In value terms, Canada ($X) also remains the key foreign market for steering wheels and columns exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +31.9%.

Export Prices by Country

The average steering wheels and columns export price stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the export price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +61.8% per year.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Cuba

In 2021, supplies from abroad of steering wheels, steering columns and steering boxes increased by 6.4% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, steering wheels and columns imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of 20% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), China (X tons) and Panama (X tons) were the main suppliers of steering wheels and columns imports to Cuba, with a combined 84% share of total imports. Belarus, Germany, Ukraine, Canada and France lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were in Belarus (with a CAGR of +16.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) constituted the largest supplier of steering wheels and columns to Cuba, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Germany, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled -15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.6% per year) and Germany (-10.8% per year).

Import Prices by Country

In 2021, the average steering wheels and columns import price amounted to $X per ton, picking up by 8.4% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), 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 steering wheels, steering columns and steering boxes in the world?

The country with the largest volume of steering wheels and columns consumption was China, comprising approx. 30% of total volume. Moreover, steering wheels and columns 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 a 10% share.

What are the largest producers of steering wheels, steering columns and steering boxes in the world?

China remains the largest steering wheels and columns producing country worldwide, accounting for 30% of total volume. Moreover, steering wheels and columns production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with an 11% share.

What are the leading suppliers of steering wheels, steering columns and steering boxes to Cuba?

In value terms, Russia, China and Germany appeared to be the largest steering wheels and columns suppliers to Cuba, together accounting for 82% of total imports.

What are the leading importers of steering wheels, steering columns and steering boxes from Cuba?

In value terms, Canada remains the key foreign market for steering wheels and columns exports from Cuba.

What is the average export price for steering wheels, steering columns and steering boxes in Cuba?

In 2021, the average steering wheels and columns export price amounted to $37,206 per ton, growing by 8% against the previous year.

What is the average import price for steering wheels, steering columns and steering boxes in Cuba?

In 2021, the average steering wheels and columns import price amounted to $14,006 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the market for steering wheels and columns 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 29323067 - Steering wheels, steering columns and steering boxes, parts thereof

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