Report Update Apr 1, 2024

Cuba - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Carpet Market 2024

Carpet Market Size in Cuba

The Cuban carpet market dropped rapidly to $X in 2021, shrinking by -21.4% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Carpet Exports

Exports from Cuba

In 2021, the amount of carpets and other textile floor coverings exported from Cuba reduced notably to X square meters, shrinking by -25.3% compared with 2020 figures. Overall, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by 1,862% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, carpet exports shrank dramatically to $X in 2021. In general, exports showed a sharp shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 2,645%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Costa Rica (X square meters) was the main destination for carpet exports from Cuba, with a 96% share of total exports. Moreover, carpet exports to Costa Rica exceeded the volume sent to the second major destination, the Dominican Republic (X square meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica totaled +25.5%.

In value terms, Costa Rica ($X) emerged as the key foreign market for carpets and other textile floor coverings exports from Cuba, comprising 88% of total exports. The second position in the ranking was held by Angola ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Costa Rica totaled +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-12.8% per year) and the Dominican Republic (-5.9% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2021, shrinking by -67.9% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 268%. As a result, the export price reached the peak level of $X per square meter, and then contracted rapidly in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per square meter), while the average price for exports to the Dominican Republic stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Cuba

In 2021, supplies from abroad of carpets and other textile floor coverings decreased by -27.2% to X square meters for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed modest growth. The growth pace was the most rapid in 2013 when imports increased by 89%. Over the period under review, imports hit record highs at X square meters in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, carpet imports fell notably to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 53%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X square meters), Panama (X square meters) and Spain (X square meters) were the main suppliers of carpet imports to Cuba, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Panama ($X) and Turkey ($X) were the largest carpet suppliers to Cuba, together comprising 70% of total imports.

Turkey, with a CAGR of +23.7%, recorded 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 more modest paces of growth.

Import Prices by Country

The average carpet import price stood at $X per square meter in 2021, increasing by 14% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 59%. The import price peaked at $X per square meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carpets and other textile floor coverings in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Turkey, with a combined 40% share of global consumption. These countries were followed by India, the UK, Egypt, Indonesia, Japan, Germany, Mexico and South Korea, which together accounted for a further 26%.

What are the largest producers of carpets and other textile floor coverings in the world?

The countries with the highest volumes of production in 2021 were Turkey, China and India, with a combined 53% share of global production.

What are the leading suppliers of carpets and other textile floor coverings to Cuba?

In value terms, the largest carpet suppliers to Cuba were Italy, Panama and Turkey, together comprising 70% of total imports.

What are the leading importers of carpets and other textile floor coverings from Cuba?

In value terms, Costa Rica $520) emerged as the key foreign market for carpets and other textile floor coverings exports from Cuba, comprising 88% of total exports. The second position in the ranking was held by Angola $58), with a 9.8% share of total exports.

What is the average export price for carpets and other textile floor coverings in Cuba?

The average carpet export price stood at $11 per square meter in 2021, shrinking by -67.9% against the previous year.

What is the average import price for carpets and other textile floor coverings in Cuba?

In 2021, the average carpet import price amounted to $15 per square meter, increasing by 14% against the previous year.

This report provides an in-depth analysis of the carpet 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 13931100 - Knotted carpets and other knotted textile floor coverings
Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings

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