Report Update Apr 1, 2024

Cuba - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Boring Machinery Market 2024

Boring Machinery Market Size in Cuba

The Cuban boring machinery market stood at $X in 2022, increasing by 6.3% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Boring Machinery Production in Cuba

In value terms, boring machinery production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 101%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Boring Machinery Exports

Exports from Cuba

In 2014, approx. X units of boring or sinking machinery were exported from Cuba; almost unchanged from the year before. Over the period under review, exports showed a precipitous descent. The smallest decline of 99.9% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports stood at $X in 2014. In general, exports recorded a sharp curtailment. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units) was the main destination for boring machinery exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of volume to Niger was relatively modest.

From 2012 to 2014, the average annual rate of growth in terms of value to Niger was relatively modest.

Export Prices by Country

In 2014, the average boring machinery export price amounted to $X per unit, approximately equating the previous year. In general, the export price saw a significant increase. The pace of growth was the most pronounced in 2013 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2014 and is likely to continue growth in the immediate term.

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

From 2012 to 2014, the rate of growth in terms of prices for Niger amounted to 0.0% per year.

Boring Machinery Imports

Imports into Cuba

In 2022, boring machinery imports into Cuba stood at X units, standing approx. at 2021 figures. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, boring machinery imports dropped rapidly to $X in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 571% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X units) constituted the largest boring machinery supplier to Cuba, accounting for a approx. 50% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of boring or sinking machinery to Cuba, comprising 22% of total imports. The second position in the ranking was held by Spain ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-42.9% per year) and Canada (-13.7% per year).

Import Prices by Country

In 2022, the average boring machinery import price amounted to $X per unit, falling by -16.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 578%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for boring or sinking machinery in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 34% share of global consumption. Pakistan, Russia, Mexico, Japan, Bangladesh, Indonesia, Ethiopia, the UK and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of boring or sinking machinery in the world?

The country with the largest volume of boring machinery production was China, accounting for 20% of total volume. Moreover, boring machinery production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was held by India, with a 6.8% share.

What are the leading suppliers of boring or sinking machinery to Cuba?

In value terms, Italy constituted the largest supplier of boring or sinking machinery to Cuba, comprising 22% of total imports. The second position in the ranking was taken by Spain, with a 0.9% share of total imports.

What is the average export price for boring or sinking machinery in Cuba?

The average boring machinery export price stood at $201,656 per unit in 2014, remaining stable against the previous year.

What is the average import price for boring or sinking machinery in Cuba?

The average boring machinery import price stood at $77,058 per unit in 2022, reducing by -16.6% against the previous year.

This report provides an in-depth analysis of the boring machinery 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

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