Cuba: Tapered Roller Bearing Market 2025

Tapered Roller Bearing Market Size in Cuba

In 2021, the Cuban tapered roller bearing market was finally on the rise to reach $X after four years of decline. In general, consumption, however, recorded a deep slump. Tapered roller bearing consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Cuba

In 2021, the amount of tapered roller bearings exported from Cuba declined to X kg, which is down by -11.8% against the year before. Overall, exports faced a sharp shrinkage. The growth pace was the most rapid in 2018 with an increase of 110%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tapered roller bearing exports shrank significantly to $X in 2021. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X kg) was the main destination for tapered roller bearing exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled -32.0%.

In value terms, Belgium ($X) also remains the key foreign market for tapered roller bearings exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to -33.0%.

Export Prices by Country

In 2021, the average tapered roller bearing export price amounted to $X per ton, reducing by -5.7% against the previous year. Overall, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 134% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to -1.6% per year.

Tapered Roller Bearing Imports

Imports into Cuba

In 2021, purchases abroad of tapered roller bearings was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2014 with an increase of 123% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, tapered roller bearing imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 58%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest tapered roller bearing supplier to Cuba, with a 46% share of total imports. Moreover, tapered roller bearing imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.3% per year) and Spain (-21.4% per year).

In value terms, China ($X), Sweden ($X) and Spain ($X) constituted the largest tapered roller bearing suppliers to Cuba, together accounting for 78% of total imports. Russia, Panama, Estonia, Belarus, Brazil and Ukraine lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Estonia, with a CAGR of +19,675.3%, 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

In 2021, the average tapered roller bearing import price amounted to $X per ton, falling by -2.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 45%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+146.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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