Report Update Apr 1, 2024

Cuba - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Cuba

The Cuban combined refrigerator-freezer market dropped sharply to $X in 2021, shrinking by -65% 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, enjoyed a strong increase. Combined refrigerator-freezer consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Combined Refrigerator-Freezer Exports

Exports from Cuba

After two years of growth, overseas shipments of combined refrigerators-freezers decreased by 0% to X units in 2021. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 380% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, combined refrigerator-freezer exports amounted to $X in 2021. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 228% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for combined refrigerator-freezer exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +5.4%.

In value terms, Singapore ($X) also remains the key foreign market for combined refrigerator-freezer exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +7.1%.

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a modest increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 77%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +1.7% per year.

Combined Refrigerator-Freezer Imports

Imports into Cuba

In 2021, overseas purchases of combined refrigerators-freezers decreased by -66.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 113%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, combined refrigerator-freezer imports shrank remarkably to $X in 2021. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 76% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), South Korea (X units) and Mexico (X units) were the main suppliers of combined refrigerator-freezer imports to Cuba, with a combined 77% share of total imports. These countries were followed by Thailand, Italy and Panama, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Thailand ($X) appeared to be the largest combined refrigerator-freezer suppliers to Cuba, together comprising 76% of total imports.

Thailand, with a CAGR of +61.2%, recorded the highest growth rate of 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

In 2021, the average combined refrigerator-freezer import price amounted to $X per unit, surging by 7.2% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 55% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for combined refrigerators-freezers in the world?

The country with the largest volume of combined refrigerator-freezer consumption was the United States, comprising approx. 62% of total volume. Moreover, combined refrigerator-freezer consumption in the United States exceeded the figures recorded by the second-largest consumer, China, sixfold. The third position in this ranking was held by Mexico, with a 2.1% share.

What are the largest producers of combined refrigerators-freezers in the world?

The United States remains the largest combined refrigerator-freezer producing country worldwide, comprising approx. 56% of total volume. Moreover, combined refrigerator-freezer production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Mexico ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of combined refrigerators-freezers to Cuba?

In value terms, South Korea, China and Thailand constituted the largest combined refrigerator-freezer suppliers to Cuba, with a combined 76% share of total imports.

What are the leading importers of combined refrigerators-freezers from Cuba?

In value terms, Singapore remains the key foreign market for combined refrigerator-freezer exports from Cuba.

What is the average export price for combined refrigerators-freezers in Cuba?

In 2021, the average combined refrigerator-freezer export price amounted to $356 per unit, remaining constant against the previous year.

What is the average import price for combined refrigerators-freezers in Cuba?

In 2021, the average combined refrigerator-freezer import price amounted to $224 per unit, picking up by 7.2% against the previous year.

This report provides an in-depth analysis of the combined refrigerator-freezer 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 27511110 - Combined refrigerators-freezers, with separate external doors

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