Cuba: Market for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres 2024

Market Size for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres in Cuba

In 2021, the Cuban market for bed linen of other woven textiles and non-woven man-made fibres was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Exports from Cuba

In 2021, exports of bed linen of other woven textiles and non-woven man-made fibres from Cuba reduced sharply to X kg, which is down by -49.5% against 2020. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 34% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of bed linen of other woven textiles and non-woven man-made fibres dropped sharply to $X in 2021. In general, exports saw a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 20%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Jamaica (X kg) was the main destination for exports of bed linen of other woven textiles and non-woven man-made fibres from Cuba, accounting for a 64% share of total exports. Moreover, exports of bed linen of other woven textiles and non-woven man-made fibres to Jamaica exceeded the volume sent to the second major destination, Venezuela (X kg), twofold. The third position in this ranking was taken by Angola (X kg), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jamaica stood at -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-6.3% per year) and Angola (-12.6% per year).

In value terms, Venezuela ($X) remains the key foreign market for bed linen of other woven textiles and non-woven man-made fibres exports from Cuba, comprising 77% of total exports. The second position in the ranking was held by Jamaica ($X), with a 12% share of total exports. It was followed by Angola, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (-31.2% per year) and Angola (-57.2% per year).

Export Prices by Country

In 2021, the average export price for bed linen of other woven textiles and non-woven man-made fibres amounted to $X per ton, with an increase of 3.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 85% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: 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 the Dominican Republic (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

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Imports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Imports into Cuba

In 2021, after two years of decline, there was significant growth in overseas purchases of bed linen of other woven textiles and non-woven man-made fibres, when their volume increased by 143% to X tons. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of bed linen of other woven textiles and non-woven man-made fibres soared to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Panama (X tons) constituted the largest bed linen of other woven textiles and non-woven man-made fibres supplier to Cuba, with a 75% share of total imports. Moreover, imports of bed linen of other woven textiles and non-woven man-made fibres from Panama exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.1% per year) and Spain (-14.3% per year).

In value terms, Panama ($X) constituted the largest supplier of bed linen of other woven textiles and non-woven man-made fibres to Cuba, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Panama amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.4% per year) and Spain (-19.5% per year).

Import Prices by Country

The average import price for bed linen of other woven textiles and non-woven man-made fibres stood at $X per ton in 2021, reducing by -38.7% against the previous year. Overall, the import price showed a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 31%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 Panama (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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