Report Update Nov 1, 2024

Cuba - Wooden Furniture of A Kind Used in Offices - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Cuba

The Cuban wooden office furniture market surged to $X in 2021, jumping by 16% 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 abrupt slump. Wooden office furniture consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Wooden Office Furniture Exports

Exports from Cuba

Wooden office furniture exports from Cuba declined dramatically to X units in 2021, reducing by -75% on the previous year's figure. Over the period under review, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 1,122% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden office furniture exports dropped notably to $X in 2021. In general, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of 1,124%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and Angola (X units) were the main destinations of wooden office furniture exports from Cuba.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for wooden furniture of a kind used in offices exports from Cuba, comprising 58% of total exports. The second position in the ranking was held by Angola ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, with an increase of 147% against the previous year. Over the period under review, the export price showed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Angola stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+7.2%).

Wooden Office Furniture Imports

Imports into Cuba

In 2021, purchases abroad of wooden furniture of a kind used in offices decreased by -18.7% to X units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of 127% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, wooden office furniture imports soared to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 198% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wooden office furniture to Cuba, with a 33% share of total imports. Moreover, wooden office furniture imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Slovakia (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+35.6% per year) and Slovakia (+3.3% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Cuba, comprising 30% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Spain, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+61.0% per year) and Spain (-12.5% per year).

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, increasing by 71% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% 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, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wooden furniture of a kind used in offices in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 49% share of global consumption.

What are the largest producers of wooden furniture of a kind used in offices in the world?

China remains the largest wooden office furniture producing country worldwide, comprising approx. 28% of total volume. Moreover, wooden office furniture production in China exceeded the figures recorded by the second-largest producer, the UK, fourfold. The United States ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of wooden furniture of a kind used in offices to Cuba?

In value terms, China constituted the largest supplier of wooden office furniture to Cuba, comprising 28% of total imports. The second position in the ranking was occupied by Spain, with an 11% share of total imports. It was followed by Brazil, with a 9.9% share.

What are the leading importers of wooden furniture of a kind used in offices from Cuba?

In value terms, Angola $706) remains the key foreign market for wooden office furniture exports from Cuba.

What is the average export price for wooden furniture of a kind used in offices in Cuba?

The average wooden office furniture export price stood at $70 per unit in 2021, increasing by 131% against the previous year.

What is the average import price for wooden furniture of a kind used in offices in Cuba?

The average wooden office furniture import price stood at $76 per unit in 2021, which is down by -2.5% against the previous year.

This report provides an in-depth analysis of the wooden office furniture 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 31011200 - Wooden furniture of a kind used in offices
Prodcom 31021000 - Kitchen furniture

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