Report Update Nov 1, 2024

Cuba - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Cuba

In 2021, the Cuban wood-based panels market increased by 8.4% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Cuba

In value terms, wood-based panels production rose slightly to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 5.5% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Wood-Based Panels Exports

Exports from Cuba

In 2021, the amount of wood-based panels exported from Cuba stood at X cubic meters, picking up by 1.8% against the year before. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 28%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wood-based panels exports totaled $X in 2021. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X cubic meters) was the main destination for wood-based panels exports from Cuba, accounting for a approx. 35% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +4.9%.

In value terms, Spain ($X) emerged as the key foreign market for wood-based panels exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2021, shrinking by -1.6% against the previous year. In general, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 2.8% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -4.9% per year.

Wood-Based Panels Imports

Imports into Cuba

In 2021, approx. X cubic meters of wood-based panels were imported into Cuba; picking up by 18% on 2020. Overall, imports posted a perceptible expansion. The pace of growth appeared the most rapid in 2015 with an increase of 326% against the previous year. As a result, imports reached the peak of X cubic meters. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, wood-based panels imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 227%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X cubic meters), China (X cubic meters) and Panama (X cubic meters) were the main suppliers of wood-based panels imports to Cuba, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +7.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of wood-based panels to Cuba, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Panama, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.8% per year) and Panama (-10.9% per year).

Import Prices by Country

In 2021, the average wood-based panels import price amounted to $X per cubic meter, jumping by 33% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood-based panels in the world?

China remains the largest wood-based panels consuming country worldwide, accounting for 36% of total volume. Moreover, wood-based panels consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Saudi Arabia, with a 5.4% share.

What are the largest producers of wood-based panels in the world?

China remains the largest wood-based panels producing country worldwide, accounting for 41% of total volume. Moreover, wood-based panels production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Russia, with a 4.6% share.

What are the leading suppliers of wood-based panels to Cuba?

In value terms, Spain constituted the largest supplier of wood-based panels to Cuba, comprising 92% of total imports. The second position in the ranking was occupied by Germany, with a 1.7% share of total imports.

What is the average export price for wood-based panels in Cuba?

In 2020, the average wood-based panels export price amounted to $230 per cubic meter, leveling off at the previous year.

What is the average import price for wood-based panels in Cuba?

The average wood-based panels import price stood at $599 per cubic meter in 2021, picking up by 11% against the previous year.

This report provides an in-depth analysis of the wood-based panels 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:

FCL 1647 - Hardboard
FCL 1648 - MDF/HDF
FCL 1650 - Other fibreboard
FCL 1697 - Particle board
FCL 1606 - OSB
FCL 1640 - Plywood
FCL 1634 - Veneer sheets

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