Cuba: Market for Window Or Wall Air Conditioning Systems, Self-Contained Or Split-Systems 2024

Market Size for Window Or Wall Air Conditioning Systems, Self-Contained Or Split-Systems in Cuba

After four years of growth, the Cuban market for window or wall air conditioning systems, self-contained or split-systems decreased by -50.7% to $X in 2021. Overall, consumption, however, recorded a pronounced expansion. Consumption of peaked at $X in 2020, and then plummeted in the following year.

Exports of Window Or Wall Air Conditioning Systems, Self-Contained Or Split-Systems

Exports from Cuba

In 2021, overseas shipments of window or wall air conditioning systems, self-contained or split-systems increased by 8.5% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 41%. Over the period under review, the exports of attained the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2021. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 112% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Panama (X units) and Angola (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Cuba, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +555.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for window, wall, or split air conditioning system exported from Cuba were Canada ($X), Panama ($X) and Angola ($X), together accounting for 97% of total exports.

Among the main countries of destination, Canada, with a CAGR of +1,480.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, with an increase of 35% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Angola ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+150.3%), while the prices for the other major destinations experienced a decline.

Imports of Window Or Wall Air Conditioning Systems, Self-Contained Or Split-Systems

Imports into Cuba

After three years of growth, purchases abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -40.3% to X units in 2021. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 200% against the previous year. Imports peaked at X units in 2020, and then fell notably in the following year.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems fell dramatically to $X in 2021. Over the period under review, imports, however, posted a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of 124%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Panama (X units) and Italy (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Cuba, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Panama ($X), China ($X) and Italy ($X) were the largest window, wall, or split air conditioning system suppliers to Cuba, together accounting for 98% of total imports.

China, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, declining by -25.7% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 34% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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