Cuba: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Cuba

For the third consecutive year, the Cuban market for aluminium alloy plates, sheets and strip of thickness over X mm recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption continues to indicate a deep downturn. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Cuba

In 2021, exports of aluminium alloy plates, sheets and strip of thickness over X mm from Cuba was estimated at less than X kg, almost unchanged from the previous year. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm stood at less than $X in 2021. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

France (X kg) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Cuba, with a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to France was relatively modest.

From 2012 to 2016, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

The average export price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2016, dropping by -X% against the previous year. In general, the export price faced a precipitous decline. Over the period under review, the average export prices hit record highs at $X per ton in 2015, and then fell markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2016, the rate of growth in terms of prices for France amounted to X% per year.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Cuba

In 2021, imports of aluminium alloy plates, sheets and strip of thickness over X mm into Cuba contracted sharply to X tons, which is down by -X% on the previous year. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm plummeted to $X in 2021. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main aluminium alloy plate, sheet and strip of thickness over X mm supplier to Cuba, accounting for a X% share of total imports. Moreover, imports of aluminium alloy plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Spain (-X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium alloy plate, sheet and strip of thickness over X mm to Cuba, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Turkey (+X% per year).

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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