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Cuba - Apparel of Leather or of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights
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Leather Apparel Market Size in Cuba
In 2021, the Cuban leather apparel market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.
Leather Apparel Production in Cuba
In value terms, leather apparel production expanded sharply to $X in 2021 estimated in export price. In general, production recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of 23%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.
Leather Apparel Exports
Exports from Cuba
In 2020, approx. X units of apparel of leather or of composition leather were exported from Cuba; flattening at the previous year's figure. In general, exports recorded a sharp shrinkage. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2020, the exports failed to regain momentum.
In value terms, leather apparel exports reduced markedly to $X in 2020. Overall, exports continue to indicate a sharp downturn. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.
Exports by Country
Peru (X units) was the main destination for leather apparel exports from Cuba, with a approx. 100% share of total exports.
From 2012 to 2020, the average annual growth rate of volume to Peru was relatively modest.
In value terms, Peru ($X) emerged as the key foreign market for apparel of leather or of composition leather exports from Cuba.
From 2012 to 2020, the average annual rate of growth in terms of value to Peru was relatively modest.
Export Prices by Country
In 2020, the average leather apparel export price amounted to $X per unit, with a decrease of -20.1% against the previous year. Over the period under review, the export price, however, enjoyed a modest expansion. The export price peaked at $X per unit in 2019, and then shrank significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Peru.
From 2012 to 2020, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.
Leather Apparel Imports
Imports into Cuba
In 2021, leather apparel imports into Cuba soared to X units, growing by 41% compared with the previous year's figure. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,307%. Imports peaked in 2021 and are likely to see steady growth in the near future.
In value terms, leather apparel imports rose slightly to $X in 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 668%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, Panama (X units) was the main leather apparel supplier to Cuba, accounting for a 97% share of total imports. It was followed by Spain (X units), with a 1.6% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from Panama stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-16.0% per year) and China (-30.5% per year).
In value terms, Panama ($X) constituted the largest supplier of apparel of leather or of composition leather to Cuba, comprising 96% of total imports. The second position in the ranking was taken by China ($X), with a 0.4% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Panama amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.9% per year) and Spain (-34.1% per year).
Import Prices by Country
In 2021, the average leather apparel import price amounted to $X per unit, which is down by -26.3% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 150% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Spain ($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 (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the leather apparel 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 14111000 - Articles of apparel of leather or of composition leather (including coats and overcoats) (excluding clothing accessories, headgear, footwear)
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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