Report Update Apr 1, 2024

Cuba - Brakes and Servo-Brakes - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Cuba

In 2021, the Cuban brakes and servo-brakes market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, faced a deep downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports from Cuba

In 2021, exports of brakes and servo-brakes from Cuba shrank notably to X tons, waning by -18.7% compared with the previous year's figure. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 346% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports declined to $X in 2021. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 358% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for brakes and servo-brakes exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +26.2%.

In value terms, Canada ($X) remains the key foreign market for brakes and servo-brakes exports from Cuba, comprising 99.9% of total exports. The second position in the ranking was taken by Belgium ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +37.9%.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the export price posted a prominent expansion. The growth pace was the most rapid in 2015 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

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Brakes And Servo-Brakes Imports

Imports into Cuba

After three years of decline, supplies from abroad of brakes and servo-brakes increased by 6.4% to X tons in 2021. In general, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by 53%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, brakes and servo-brakes imports dropped slightly to $X in 2021. Over the period under review, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 38%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Panama (X tons) were the main suppliers of brakes and servo-brakes imports to Cuba, together accounting for 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +4.8%), while imports for the other leaders experienced a decline.

In value terms, the largest brakes and servo-brakes suppliers to Cuba were Russia ($X), China ($X) and Germany ($X), together accounting for 73% of total imports. These countries were followed by Panama, Canada, France, Brazil, Spain, Belarus and Ukraine, which together accounted for a further 13%.

Panama, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2021, shrinking by -6.1% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 an increase of 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), 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 brakes and servo-brakes in the world?

China constituted the country with the largest volume of brakes and servo-brakes consumption, comprising approx. 22% of total volume. Moreover, brakes and servo-brakes consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9% share.

What are the largest producers of brakes and servo-brakes in the world?

The country with the largest volume of brakes and servo-brakes production was China, accounting for 33% of total volume. Moreover, brakes and servo-brakes production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was held by the United States, with a 5.9% share.

What are the leading suppliers of brakes and servo-brakes to Cuba?

In value terms, Russia, China and Germany appeared to be the largest brakes and servo-brakes suppliers to Cuba, with a combined 73% share of total imports. Panama, Canada, France, Brazil, Spain, Belarus and Ukraine lagged somewhat behind, together comprising a further 13%.

What are the leading importers of brakes and servo-brakes from Cuba?

In value terms, Canada remains the key foreign market for brakes and servo-brakes exports from Cuba, comprising 99.9% of total exports. The second position in the ranking was taken by Belgium $1), with less than 0.1% share of total exports.

What is the average export price for brakes and servo-brakes in Cuba?

In 2021, the average brakes and servo-brakes export price amounted to $3,391 per ton, surging by 17% against the previous year.

What is the average import price for brakes and servo-brakes in Cuba?

The average brakes and servo-brakes import price stood at $7,642 per ton in 2021, which is down by -6.1% against the previous year.

This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)

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