Cuba: Sportswear Market 2025

Sportswear Market Size in Cuba

The Cuban sportswear market declined to $X in 2021, falling by -4.7% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Sportswear Production in Cuba

In value terms, sportswear production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 94% against the previous year. Sportswear production peaked at $X in 2020, and then declined in the following year.

Sportswear Exports

Exports from Cuba

In 2021, overseas shipments of track suits, ski suits and swimwear increased by 9.7% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 123%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, sportswear exports fell to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for sportswear exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +11.3%.

In value terms, Canada ($X) also remains the key foreign market for track suits, ski suits and swimwear exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +16.5%.

Export Prices by Country

The average sportswear export price stood at $X per unit in 2021, with a decrease of -11.9% against the previous year. In general, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 456% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 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 Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +4.6% per year.

Sportswear Imports

Imports into Cuba

After two years of decline, supplies from abroad of track suits, ski suits and swimwear increased by 17% to X units in 2021. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 106%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, sportswear imports declined slightly to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 75%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of sportswear to Cuba, accounting for a 60% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), threefold. Spain (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-30.8% per year) and Spain (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Cuba, comprising 47% of total imports. The second position in the ranking was held by Panama ($X), with a 22% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-23.7% per year) and Spain (-11.5% per year).

Import Prices by Country

The average sportswear import price stood at $X per unit in 2021, declining by -18.7% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sportswear import price increased by +29.4% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 66% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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