Report Update Nov 1, 2024

Cuba - Threaded Articles of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Cuba

In 2021, the Cuban threaded metal articles market increased by 374% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Threaded Metal Articles Exports

Exports from Cuba

In 2018, shipments abroad of threaded articles of iron or steel decreased by -45.5% to X kg, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 957% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2018, the growth of the exports failed to regain momentum.

In value terms, threaded metal articles exports contracted significantly to $X in 2018. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,353% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X kg) was the main destination for threaded metal articles exports from Cuba, accounting for a 92% share of total exports. Moreover, threaded metal articles exports to Serbia exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold.

From 2012 to 2018, the average annual growth rate of volume to Serbia was relatively modest.

In value terms, the largest markets for threaded metal articles exported from Cuba were Switzerland ($X) and Serbia ($X).

Among the main countries of destination, Serbia, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average threaded metal articles export price stood at $X per ton in 2018, jumping by 39% against the previous year. In general, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. The export price peaked in 2018 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Serbia stood at $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Cuba

In 2021, after two years of decline, there was significant growth in supplies from abroad of threaded articles of iron or steel, when their volume increased by 554% to X tons. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, threaded metal articles imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of threaded metal articles to Cuba, accounting for a 42% share of total imports. Moreover, threaded metal articles imports from Spain exceeded the figures recorded by the second-largest supplier, Russia (X tons), ninefold. Italy (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.1% per year) and Italy (+25.6% per year).

In value terms, Spain ($X) constituted the largest supplier of threaded articles of iron or steel to Cuba, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 7.3% share of total imports. It was followed by Russia, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.0% per year) and Russia (-7.6% per year).

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, which is down by -55.7% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+41.0%), 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 threaded articles of iron or steel in the world?

The country with the largest volume of threaded metal articles consumption was China, comprising approx. 26% of total volume. Moreover, threaded metal articles consumption in China exceeded the figures recorded by the second-largest consumer, Italy, twofold. India ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of threaded articles of iron or steel in the world?

The country with the largest volume of threaded metal articles production was China, accounting for 38% of total volume. Moreover, threaded metal articles production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Italy, with an 11% share.

What are the leading suppliers of threaded articles of iron or steel to Cuba?

In value terms, Spain constituted the largest supplier of threaded metal articles to Cuba, comprising 55% of total imports. The second position in the ranking was occupied by France, with an 8.8% share of total imports. It was followed by Italy, with a 7.8% share.

What are the leading importers of threaded articles of iron or steel from Cuba?

In value terms, the largest markets for threaded metal articles exported from Cuba were Switzerland $208) and Serbia $128).

What is the average export price for threaded articles of iron or steel in Cuba?

The average threaded metal articles export price stood at $5,600 per ton in 2018, picking up by 85% against the previous year.

What is the average import price for threaded articles of iron or steel in Cuba?

The average threaded metal articles import price stood at $5,073 per ton in 2021, falling by -34.6% against the previous year.

This report provides an in-depth analysis of the threaded metal articles 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 25941190 - Threaded articles, n.e.c., of iron or steel

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