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Cuba - Air or Vacuum Pumps and Air or Other Gas Compressors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Market for Vacuum Pumps and Air or Gas Compressors 2022
Market Size for Vacuum Pumps and Air or Gas Compressors in Cuba
After three years of decline, the Cuban market for vacuum pumps and air or gas compressors increased by 1.8% to $X in 2021. In general, consumption, however, saw a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.
Exports of Vacuum Pumps and Air or Gas Compressors
Exports from Cuba
In 2021, the amount of vacuum pumps and air or gas compressors exported from Cuba surged to X units, picking up by 222% compared with the year before. In general, exports, however, showed a deep setback. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Belgium (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Cuba, with a 53% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Belgium exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Spain (X units) ranked third in terms of total exports with a 13% share.
From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+51.1% per year) and Spain (-6.2% per year).
In value terms, Denmark ($X) emerged as the key foreign market for vacuum pump and air or gas compressor exports from Cuba, comprising 67% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by Belgium, with a 9.3% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-8.4% per year) and Belgium (+87.8% per year).
Export Prices by Country
The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2021, growing by 194% against the previous year. Overall, the export price recorded a resilient expansion. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per unit), while the average price for exports to Belgium ($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 Germany (+233.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vacuum Pumps and Air or Gas Compressors
Imports into Cuba
In 2021, overseas purchases of vacuum pumps and air or gas compressors were finally on the rise to reach X units after four years of decline. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 77% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports of failed to regain momentum.
In value terms, imports of vacuum pumps and air or gas compressors expanded to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 59%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.
Imports by Country
Panama (X units), China (X units) and Russia (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Cuba, with a combined 72% share of total imports. These countries were followed by Italy, Trinidad and Tobago, Spain, Mexico, Thailand, Chile, South Korea and Germany, which together accounted for a further 21%.
From 2012 to 2021, the biggest increases were in Trinidad and Tobago (with a CAGR of +50.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest vacuum pump and air or gas compressor suppliers to Cuba were China ($X), Russia ($X) and Spain ($X), together accounting for 54% of total imports.
Russia, with a CAGR of +10.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2021, rising by 2.1% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for vacuum pumps and air or gas compressors decreased by -8.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for vacuum pump and air or gas compressor 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 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
- Prodcom 28132190 - Liquid ring
- Prodcom 28132200 - Hand or foot-operated air pumps
- Prodcom 28132300 - Compressors for refrigeration equipment
- Prodcom 28132400 - Air compressors mounted on a wheeled chassis for towing
- Prodcom 28132530 - Turbo-compressors, single stage
- Prodcom 28132550 - Turbo-compressors, multistage
- Prodcom 28132630 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow . .60 m./hour
- Prodcom 28132650 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow per hour > .60 m.
- Prodcom 28132670 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour . .120 m.
- Prodcom 28132690 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour > .120 m.
- Prodcom 28132730 - Rotary displacement compressors, single-shaft
- Prodcom 28132753 - Multi-shaft screw compressors
- Prodcom 28132755 - Multi-shaft compressors (excluding screw compressors)
- Prodcom 28132800 - Air/gas compressors excluding air/vacuum pumps used in refrigeration, air compressors mounted on wheeled chassis, t urbo compressors, reciprocating and rotary displacement compressors
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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