Report Update Apr 1, 2024

Cuba - Base Metal Keys - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Base Metal Keys Market 2024

Base Metal Keys Market Size in Cuba

The Cuban base metal keys market shrank dramatically to $X in 2021, which is down by -87.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a tangible expansion. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Base Metal Keys Exports

Exports from Cuba

Base metal keys exports from Cuba totaled X kg in 2019, flattening at the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, base metal keys exports amounted to $X in 2019. In general, exports saw a dramatic decrease. The smallest decline of 99.9% was in 2018. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X kg) was the main destination for base metal keys exports from Cuba, with a approx. 100% share of total exports.

From 2017 to 2019, the average annual growth rate of volume to Costa Rica was relatively modest.

From 2017 to 2019, the average annual growth rate of value to Costa Rica was relatively modest.

Export Prices by Country

The average base metal keys export price stood at $X per ton in 2019, almost unchanged from the previous year. Over the period under review, the export price saw a precipitous slump. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2017; however, from 2018 to 2019, the export prices failed to regain momentum.

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

From 2017 to 2019, the rate of growth in terms of prices for Austria amounted to 0.0% per year.

Base Metal Keys Imports

Imports into Cuba

In 2021, imports of base metal keys into Cuba fell markedly to X kg, reducing by -87% compared with 2020 figures. In general, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2020 when imports increased by 436%. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, base metal keys imports shrank significantly to $X in 2021. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 405%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2021, Mexico (X kg) constituted the largest supplier of base metal keys to Cuba, accounting for a 60% share of total imports. Moreover, base metal keys imports from Mexico exceeded the figures recorded by the second-largest supplier, Panama (X kg), threefold. Germany (X kg) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to +85.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-7.3% per year) and Germany (0.0% per year).

In value terms, Mexico ($X) constituted the largest supplier of base metal keys to Cuba, comprising 70% of total imports. The second position in the ranking was taken by Panama ($X), with a 15% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +114.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+1.7% per year) and Germany (-12.8% per year).

Import Prices by Country

The average base metal keys import price stood at $X per ton in 2021, dropping by -4.1% against the previous year. In general, the import price, however, posted notable growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 77%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+98.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal keys in the world?

The countries with the highest volumes of consumption in 2021 were Italy, China and India, with a combined 61% share of global consumption. These countries were followed by the United States, Russia, Indonesia, Bangladesh, Finland, Japan, Mexico and Turkey, which together accounted for a further 23%.

What are the largest producers of base metal keys in the world?

The countries with the highest volumes of production in 2021 were Italy, China and India, together accounting for 68% of global production. The United States, Russia, Indonesia, Spain, Finland, Bangladesh, Mexico, Japan and Turkey lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of base metal keys to Cuba?

In value terms, Mexico constituted the largest supplier of base metal keys to Cuba, comprising 70% of total imports. The second position in the ranking was held by Panama, with a 15% share of total imports. It was followed by Germany, with a 6.3% share.

What is the average export price for base metal keys in Cuba?

In 2019, the average base metal keys export price amounted to $15,500 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for base metal keys in Cuba?

The average base metal keys import price stood at $35,986 per ton in 2021, falling by -4.1% against the previous year.

This report provides an in-depth analysis of the base metal keys 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 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023