Cuba: Bed Linen Market 2024

Bed Linen Market Size in Cuba

The Cuban bed linen market contracted rapidly to $X in 2021, which is down by -18.8% 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 recorded a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Bed Linen Exports

Exports from Cuba

In 2021, exports of bed linen from Cuba shrank rapidly to X kg, with a decrease of -43.2% compared with the year before. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of 486% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bed linen exports dropped remarkably to $X in 2021. In general, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2018 with an increase of 1,285% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Jamaica (X kg) was the main destination for bed linen exports from Cuba, accounting for a 66% share of total exports. Moreover, bed linen exports to Jamaica exceeded the volume sent to the second major destination, Venezuela (X kg), twofold. The third position in this ranking was held by the Dominican Republic (X kg), with a 23% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jamaica amounted to -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-16.1% per year) and the Dominican Republic (+25.5% per year).

In value terms, Venezuela ($X) remains the key foreign market for bed linen exports from Cuba, comprising 59% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with an 18% share of total exports. It was followed by Jamaica, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+33.6% per year) and Jamaica (-31.2% per year).

Export Prices by Country

In 2021, the average bed linen export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 136%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

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Bed Linen Imports

Imports into Cuba

In 2021, purchases abroad of bed linen decreased by -4.3% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 83% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bed linen imports dropped dramatically to $X in 2021. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 88% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Panama (X tons) was the main supplier of bed linen to Cuba, accounting for a 101% share of total imports. Moreover, bed linen imports from Panama exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.2% per year) and Spain (-22.2% per year).

In value terms, Panama ($X) constituted the largest supplier of bed linen to Cuba, comprising 93% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Panama amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.4% per year) and Spain (-27.0% per year).

Import Prices by Country

The average bed linen import price stood at $X per ton in 2021, dropping by -30.1% against the previous year. In general, the import price saw a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 55%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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