Report Update Nov 1, 2024

Cuba - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Cuba

The Cuban passenger car tyre market fell dramatically to $X in 2021, waning by -39.9% against the previous year. Overall, consumption faced a deep slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Passenger Car Tyre Production in Cuba

In value terms, passenger car tyre production rose notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 117% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Passenger Car Tyre Exports

Exports from Cuba

In 2021, after two years of decline, there was significant growth in shipments abroad of tyres for motor cars, when their volume increased by 113% to X units. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 169% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 286%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units) was the main destination for passenger car tyre exports from Cuba, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Panama amounted to +43.4%.

In value terms, Panama ($X) also remains the key foreign market for tyres for motor cars exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Panama stood at +44.2%.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, declining by -26.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 84% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to +0.5% per year.

Passenger Car Tyre Imports

Imports into Cuba

In 2021, passenger car tyre imports into Cuba fell notably to X units, dropping by -59.5% compared with the year before. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 68% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, passenger car tyre imports declined to $X in 2021. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 31%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Panama (X units), Argentina (X units) and China (X units) were the main suppliers of passenger car tyre imports to Cuba, with a combined 77% share of total imports. Taiwan (Chinese), Spain, Thailand, Canada and Brazil lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +60.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Argentina ($X) and China ($X) appeared to be the largest passenger car tyre suppliers to Cuba, with a combined 70% share of total imports. Canada, Taiwan (Chinese), Spain, Thailand and Brazil lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Canada, with a CAGR of +68.7%, recorded the highest growth rate of 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 passenger car tyre import price amounted to $X per unit, with an increase of 121% against the previous year. Over the period under review, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.0%), 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 tyres for motor cars in the world?

China constituted the country with the largest volume of passenger car tyre consumption, accounting for 24% of total volume. Moreover, passenger car tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of tyres for motor cars in the world?

China constituted the country with the largest volume of passenger car tyre production, comprising approx. 30% of total volume. Moreover, passenger car tyre production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the leading suppliers of tyres for motor cars to Cuba?

In value terms, China constituted the largest supplier of passenger car tyre to Cuba, comprising 55% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 6% share of total imports. It was followed by Russia, with a 4.5% share.

What are the leading importers of tyres for motor cars from Cuba?

In value terms, Germany remains the key foreign market for passenger car tyre exports from Cuba.

What is the average export price for tyres for motor cars in Cuba?

The average passenger car tyre export price stood at $80 per unit in 2020, waning by -11.1% against the previous year.

What is the average import price for tyres for motor cars in Cuba?

The average passenger car tyre import price stood at $16 per unit in 2020, falling by -50.5% against the previous year.

This report provides an in-depth analysis of the passenger car tyre 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

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