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Cuba - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends and Insights
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Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Cuba
In 2021, the Cuban market for hot-rolled non-alloy steel wire rods was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.6% against 2017 indices. Hot-rolled non-alloy steel wire rod consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.
Production of Hot-Rolled Non-Alloy Steel Wire Rods in Cuba
In value terms, hot-rolled non-alloy steel wire rod production stood at $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 68%. Hot-rolled non-alloy steel wire rod production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.
Exports of Hot-Rolled Non-Alloy Steel Wire Rods
Exports from Cuba
In 2018, the amount of hot-rolled non-alloy steel wire rods exported from Cuba was estimated at X tons, stabilizing at the previous year. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2018, the exports failed to regain momentum.
In value terms, hot-rolled non-alloy steel wire rod exports totaled $X in 2018. In general, exports showed a dramatic decline. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2018, the exports failed to regain momentum.
Exports by Country
Panama (X tons) was the main destination for hot-rolled non-alloy steel wire rod exports from Cuba, accounting for a approx. 100% share of total exports.
From 2012 to 2018, the average annual growth rate of volume to Panama was relatively modest.
From 2012 to 2018, the average annual growth rate of value to Panama was relatively modest.
Export Prices by Country
The average export price for hot-rolled non-alloy steel wire rods stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. In general, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Panama.
From 2012 to 2018, the rate of growth in terms of prices for Venezuela amounted to 0.0% per year.
Imports of Hot-Rolled Non-Alloy Steel Wire Rods
Imports into Cuba
In 2021, hot-rolled non-alloy steel wire rod imports into Cuba soared to X tons, increasing by 368% against the year before. Overall, imports saw a noticeable increase. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, hot-rolled non-alloy steel wire rod imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate prominent growth. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, Spain (X tons) constituted the largest hot-rolled non-alloy steel wire rod supplier to Cuba, with a 43% share of total imports. Moreover, hot-rolled non-alloy steel wire rod imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Trinidad and Tobago (X tons) ranked third in terms of total imports with a 4.9% share.
From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.8% per year) and Trinidad and Tobago (-21.0% per year).
In value terms, Spain ($X) constituted the largest supplier of hot-rolled non-alloy steel wire rods to Cuba, comprising 43% of total imports. The second position in the ranking was held by Trinidad and Tobago ($X), with a 9% share of total imports. It was followed by Turkey, with a 4.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Trinidad and Tobago (-9.6% per year) and Turkey (+11.0% per year).
Import Prices by Country
In 2021, the average import price for hot-rolled non-alloy steel wire rods amounted to $X per ton, waning by -8% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled non-alloy steel wire rod import price increased by +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Trinidad and Tobago ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
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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