Cuba: Telephone Apparatus Market 2022

Telephone Apparatus Market Size in Cuba

In 2021, the Cuban telephone apparatus market increased by 6.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed buoyant growth. Telephone apparatus consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Telephone Apparatus Exports

Exports from Cuba

Telephone apparatus exports from Cuba declined to X tons in 2021, which is down by -8.9% on the previous year. Over the period under review, exports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 186% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, telephone apparatus exports declined modestly to $X in 2021. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 57%. 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

Sweden (X tons) was the main destination for telephone apparatus exports from Cuba, accounting for a 80% share of total exports. Moreover, telephone apparatus exports to Sweden exceeded the volume sent to the second major destination, the UK (X tons), eightfold. Spain (X kg) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+83.2% per year) and Spain (+47.3% per year).

In value terms, the largest markets for telephone apparatus exported from Cuba were Sweden ($X), Spain ($X) and France ($X), together comprising 88% of total exports.

Spain, with a CAGR of +56.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, picking up by 6.2% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 90%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Cuba

In 2021, supplies from abroad of telephone apparatus was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a tangible increase. The most prominent rate of growth was recorded in 2018 when imports increased by 78%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, telephone apparatus imports rose remarkably to $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 70%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to Cuba, with a 63% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was held by France (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.4% per year) and France (+10.0% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Cuba, comprising 67% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Spain, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.2% per year) and Spain (+21.4% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, growing by 6.2% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus import price decreased by -3.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 France ($X per ton), while the price for Brazil ($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 (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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