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Report Cuba - Wire of Iron or Non-Alloy Steel (Stainless Steel or Other Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Cuba - Wire of Iron or Non-Alloy Steel (Stainless Steel or Other Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Cuba

The Cuban iron and steel wire market fell sharply to $X in 2020, reducing by -X% against the previous year. Over the period under review, consumption continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Cuba

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. In general, production saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2009; however, from 2010 to 2020, production stood at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Cuba

Iron and steel wire exports from Cuba amounted to X kg in 2020, remaining stable against the previous year. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, iron and steel wire exports amounted to $X in 2020. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Jamaica (X tons) was the main destination for iron and steel wire exports from Cuba, accounting for a approx. X% share of total exports.

From 2007 to 2013, the average annual rate of growth in terms of volume to Jamaica was relatively modest.

From 2007 to 2013, the average annual rate of growth in terms of value to Jamaica was relatively modest.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2013, waning by -X% against the previous year. In general, the export price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2012 to 2013, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2013, the rate of growth in terms of prices for Jamaica amounted to X% per year.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Cuba

In 2020, iron and steel wire imports into Cuba plummeted to X tons, shrinking by -X% on 2019. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports declined remarkably to $X in 2020. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Turkey (X tons) constituted the largest supplier of iron and steel wire to Cuba, accounting for a X% share of total imports. Moreover, iron and steel wire imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Spain (-X% per year).

In value terms, Turkey ($X), China ($X) and Spain ($X) appeared to be the largest iron and steel wire suppliers to Cuba, with a combined X% share of total imports.

Turkey 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 a decline.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of iron and steel wire consumption, accounting for 33% of total volume. Moreover, iron and steel wire consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., fourfold. Japan ranked third in terms of total consumption with a 5.7% share.
China constituted the country with the largest volume of iron and steel wire production, comprising approx. 38% of total volume. Moreover, iron and steel wire production in China exceeded the figures recorded by the second-largest producer, the U.S., sixfold. Japan ranked third in terms of total production with a 5.4% share.
In value terms, Turkey, China and Spain constituted the largest iron and steel wire suppliers to Cuba, with a combined 98% share of total imports.
The average iron and steel wire export price stood at $578 per ton in 2013, shrinking by -4.2% against the previous year.
In 2020, the average iron and steel wire import price amounted to $969 per ton, declining by -5.5% against the previous year.

This report provides an in-depth analysis of the market for iron and steel wire 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 2025.

Product coverage:

  • Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
  • Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
  • Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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