Cuba: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Cuba

In 2021, the Cuban transmission apparatus market decreased by -64.5% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Transmission Apparatus Exports

Exports from Cuba

In 2021, shipments abroad of transmission apparatus incorporating reception apparatus decreased by -26.4% to X kg, falling for the sixth consecutive year after two years of growth. In general, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 9.3%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, transmission apparatus exports reached $X in 2021. Overall, exports showed a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X kg) was the main destination for transmission apparatus exports from Cuba, with a 68% share of total exports. Moreover, transmission apparatus exports to Slovakia exceeded the volume sent to the second major destination, Italy (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Slovakia totaled -23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.5% per year) and France (-44.4% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for transmission apparatus incorporating reception apparatus exports from Cuba, comprising 93% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Slovakia stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-18.2% per year) and France (-39.3% per year).

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, rising by 42% against the previous year. In general, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Italy ($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 Slovakia (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Cuba

In 2021, supplies from abroad of transmission apparatus incorporating reception apparatus decreased by -48.8% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 119%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, transmission apparatus imports shrank remarkably to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 215%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest transmission apparatus supplier to Cuba, accounting for a 50% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold. The third position in this ranking was taken by Peru (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.4% per year) and Peru (+63.7% per year).

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Cuba, comprising 47% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.6% share of total imports. It was followed by Mexico, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+83.3% per year) and Mexico (+33.5% per year).

Import Prices by Country

In 2021, the average transmission apparatus import price amounted to $X per ton, shrinking by -42.2% against the previous year. Overall, the import price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 New Zealand ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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