Cuba: Market for Cabinets And Cases For Transmission And Reception Apparatus 2024

Market Size for Cabinets And Cases For Transmission And Reception Apparatus in Cuba

In 2021, after two years of decline, there was significant growth in the Cuban receivers and transmitters case market, when its value increased by 37% to $X. In general, consumption, however, showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports from Cuba

Receivers and transmitters case exports from Cuba dropped dramatically to X units in 2021, falling by -34.1% compared with 2020 figures. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2017 with an increase of 520% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, receivers and transmitters case exports fell remarkably to $X in 2021. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 1,490% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X units), Mexico (X units) and Germany (X units) were the main destinations of receivers and transmitters case exports from Cuba, with a combined 97% share of total exports. Moreover, receivers and transmitters case exports in Venezuela exceeded the figures recorded by the second-largest exporter, Mexico, twofold.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +34.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for cabinets and cases for transmission and reception apparatus exports from Cuba, comprising 78% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Venezuela, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Mexico totaled +58.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.6% per year) and Venezuela (+17.7% per year).

Export Prices by Country

The average receivers and transmitters case export price stood at $X per unit in 2021, with a decrease of -10.6% against the previous year. Overall, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 154%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports into Cuba

In 2021, after two years of decline, there was significant growth in purchases abroad of cabinets and cases for transmission and reception apparatus, when their volume increased by 17% to X units. Overall, imports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 120% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, receivers and transmitters case imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 119%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belarus (X units), Sweden (X units) and Panama (X units) were the main suppliers of receivers and transmitters case imports to Cuba, together comprising 54% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +91.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) constituted the largest supplier of cabinets and cases for transmission and reception apparatus to Cuba, comprising 39% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Sweden, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Belarus amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-11.1% per year) and Sweden (+74.3% per year).

Import Prices by Country

In 2021, the average receivers and transmitters case import price amounted to $X per unit, rising by 22% against the previous year. In general, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 57% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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