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Cuba - Gearboxes and Speed Changers for Machinery and Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Market for Gearboxes and Speed Changers 2024
Market Size for Gearboxes and Speed Changers in Cuba
In 2021, after three years of decline, there was growth in the Cuban gearboxes and speed changers market, when its value increased by 0.9% to $X. Overall, consumption showed a noticeable contraction. Gearboxes and speed changers consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.
Exports of Gearboxes and Speed Changers
Exports from Cuba
For the third year in a row, Cuba recorded growth in overseas shipments of gearboxes and speed changers, which increased by 5.8% to X tons in 2021. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 572%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.
In value terms, gearboxes and speed changers exports rose markedly to $X in 2021. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 371%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.
Exports by Country
The Netherlands (X tons) was the main destination for gearboxes and speed changers exports from Cuba, accounting for a 90% share of total exports. Moreover, gearboxes and speed changers exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X kg), tenfold.
From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +2.6%.
In value terms, the Netherlands ($X) remains the key foreign market for gearboxes and speed changers exports from Cuba, comprising 73% of total exports. The second position in the ranking was taken by Spain ($X), with a 27% share of total exports.
From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +13.3%.
Export Prices by Country
In 2021, the average gearboxes and speed changers export price amounted to $X per ton, with an increase of 7.4% against the previous year. Over the period under review, the export price recorded a strong increase. The growth pace was the most rapid in 2014 an increase of 118% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+23.9%).
Imports of Gearboxes and Speed Changers
Imports into Cuba
In 2021, overseas purchases of gearboxes and speed changers decreased by -6.2% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.
In value terms, gearboxes and speed changers imports rose sharply to $X in 2021. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.
Imports by Country
Russia (X tons), Poland (X tons) and China (X tons) were the main suppliers of gearboxes and speed changers imports to Cuba, together accounting for 73% of total imports.
From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Russia ($X) constituted the largest supplier of gearboxes and speed changers to Cuba, comprising 43% of total imports. The second position in the ranking was held by Poland ($X), with a 17% share of total imports. It was followed by China, with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+47.3% per year) and China (+7.3% per year).
Import Prices by Country
The average gearboxes and speed changers import price stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.7%), 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 gearboxes and speed changers 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 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
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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