Cuba: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Cuba

The Cuban unwrought aluminium alloys market shrank to $X in 2020, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

Unwrought Aluminium Alloys Exports

Exports from Cuba

After two years of decline, overseas shipments of unwrought aluminium alloys increased by X% to X tons in 2020. Overall, exports enjoyed significant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, unwrought aluminium alloys exports soared to $X in 2020. In general, exports continue to indicate a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and Malaysia (X tons) were the main destinations of unwrought aluminium alloys exports from Cuba.

From 2007 to 2020, the biggest increases were in Spain (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for unwrought aluminium alloys exports from Cuba, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Malaysia (X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. Over the period under review, average export prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2020, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Unwrought Aluminium Alloys Imports

Imports into Cuba

Unwrought aluminium alloys imports into Cuba soared to X tons in 2020, increasing by X% compared with 2019 figures. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, unwrought aluminium alloys imports fell to $X in 2020. Overall, imports continue to indicate a pronounced increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Taiwan (Chinese) (X tons) constituted the largest unwrought aluminium alloys supplier to Cuba, with a X% share of total imports. Moreover, unwrought aluminium alloys imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Indonesia (X% per year).

In value terms, the largest unwrought aluminium alloys suppliers to Cuba were Taiwan (Chinese) ($X), Italy ($X) and Indonesia ($X), with a combined X% share of total imports.

Taiwan (Chinese) (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price saw a deep reduction. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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