Report Update Nov 1, 2024

Cuba - U-Sections of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Cuba

In 2021, the Cuban non-alloy steel u-section market decreased by -37.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption faced a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Non-Alloy Steel U-Section Exports

Exports from Cuba

In 2018, exports of u-sections of non-alloy steel from Cuba stood at X kg, approximately equating the previous year. In general, exports showed a dramatic decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2018, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section exports totaled $X in 2018. Overall, exports showed a dramatic decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

Exports by Country

Austria (X kg) was the main destination for non-alloy steel u-section exports from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to Austria was relatively modest.

From 2013 to 2018, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2018, stabilizing at the previous year. Overall, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2014 a decrease of 99.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, 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 Austria.

From 2013 to 2018, the rate of growth in terms of prices for Austria amounted to 0.0% per year.

Non-Alloy Steel U-Section Imports

Imports into Cuba

Non-alloy steel u-section imports into Cuba reduced dramatically to X tons in 2021, which is down by -55.2% against 2020 figures. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 105%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-alloy steel u-section imports shrank significantly to $X in 2021. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2017 with an increase of 214% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of non-alloy steel u-section imports to Cuba, together accounting for 71% of total imports. These countries were followed by Russia, Turkey, Mexico and Ukraine, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +65.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel u-section suppliers to Cuba were Italy ($X), China ($X) and Russia ($X), together accounting for 84% of total imports.

Among the main suppliers, Russia, with a CAGR of +82.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-alloy steel u-section import price stood at $X per ton in 2021, growing by 80% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for u-sections of non-alloy steel in the world?

China constituted the country with the largest volume of non-alloy steel u-section consumption, comprising approx. 26% of total volume. Moreover, non-alloy steel u-section consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of u-sections of non-alloy steel in the world?

China constituted the country with the largest volume of non-alloy steel u-section production, accounting for 28% of total volume. Moreover, non-alloy steel u-section production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of u-sections of non-alloy steel to Cuba?

In value terms, Russia constituted the largest supplier of non-alloy steel u-section to Cuba, comprising 72% of total imports. The second position in the ranking was occupied by Spain, with an 11% share of total imports. It was followed by China, with a 6.7% share.

What is the average export price for u-sections of non-alloy steel in Cuba?

The average non-alloy steel u-section export price stood at $778 per ton in 2018, approximately reflecting the previous year.

What is the average import price for u-sections of non-alloy steel in Cuba?

The average non-alloy steel u-section import price stood at $750 per ton in 2021, increasing by 23% against the previous year.

This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy 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