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Cuba - Coal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Coal Market 2024
Coal Market Size in Cuba
In 2021, the Cuban coal market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2021.
Coal Production in Cuba
In value terms, coal production contracted slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight contraction. The growth pace was the most rapid in 2015 with an increase of 8.1% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.
Coal Exports
Exports from Cuba
In 2021, the amount of coal exported from Cuba reached X tons, almost unchanged from 2020. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 337%. The exports peaked in 2021 and are likely to continue growth in the near future.
In value terms, coal exports totaled $X in 2021. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 160% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.
Exports by Country
Guatemala (X tons) was the main destination for coal exports from Cuba, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Guatemala stood at +22.2%.
In value terms, Guatemala ($X) also remains the key foreign market for coal exports from Cuba.
From 2012 to 2021, the average annual growth rate of value to Guatemala amounted to +19.9%.
Export Prices by Country
The average coal export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price showed a mild shrinkage. The growth pace was the most rapid in 2015 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2021, the rate of growth in terms of prices for Guatemala amounted to -1.8% per year.
Coal Imports
Imports into Cuba
In 2021, overseas purchases of coal increased by 720% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, coal imports soared to $X in 2021. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, the Netherlands (X tons) constituted the largest coal supplier to Cuba, with a 70% share of total imports. Moreover, coal imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with a 3.4% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+24.1% per year) and Colombia (-24.9% per year).
In value terms, the Netherlands ($X) constituted the largest supplier of coal to Cuba, comprising 94% of total imports. The second position in the ranking was taken by Colombia ($X), with a 3.2% share of total imports. It was followed by Canada, with a 1.2% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-18.3% per year) and Canada (-8.1% per year).
Import Prices by Country
In 2021, the average coal import price amounted to $X per ton, increasing by 86% against the previous year. Over the period under review, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+8.8%), 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 coal 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:
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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