Report Update Apr 1, 2024

Cuba - Domestic Electric Coffee or Tea Makers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Domestic Coffee Machine Market 2024

Domestic Coffee Machine Market Size in Cuba

The Cuban domestic coffee machine market surged to $X in 2021, growing by 75% 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). Over the period under review, consumption, however, saw a noticeable reduction. Domestic coffee machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Domestic Coffee Machine Exports

Exports from Cuba

In 2021, shipments abroad of domestic electric coffee or tea makers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 1,300%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, domestic coffee machine exports stood at $X in 2021. Overall, exports, however, saw a sharp decline. The growth pace was the most rapid in 2015 when exports increased by 1,720%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for domestic coffee machine exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama totaled -27.4%.

In value terms, Panama ($X) also remains the key foreign market for domestic electric coffee or tea makers exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Panama totaled -25.0%.

Export Prices by Country

In 2021, the average domestic coffee machine export price amounted to $X per unit, waning by -55.3% against the previous year. In general, the export price, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 265%. The export price peaked at $X per unit in 2020, and then declined rapidly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to +3.3% per year.

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Domestic Coffee Machine Imports

Imports into Cuba

In 2021, overseas purchases of domestic electric coffee or tea makers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, domestic coffee machine imports soared to $X in 2021. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when imports increased by 80%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of domestic coffee machine to Cuba, accounting for a 95% share of total imports. It was followed by Panama (X units), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+3.8% per year) and Portugal (-22.0% per year).

In value terms, China ($X) constituted the largest supplier of domestic electric coffee or tea makers to Cuba, comprising 80% of total imports. The second position in the ranking was taken by Panama ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+3.9% per year) and Portugal (-28.7% per year).

Import Prices by Country

The average domestic coffee machine import price stood at $X per unit in 2021, falling by -20.9% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 78%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood 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 Panama ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for domestic electric coffee or tea makers in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Germany, with a combined 42% share of global consumption. These countries were followed by Russia, Indonesia, Spain, France, Italy, the UK, Tanzania, Romania, Australia and Brazil, which together accounted for a further 28%.

What are the largest producers of domestic electric coffee or tea makers in the world?

The country with the largest volume of domestic coffee machine production was China, comprising approx. 60% of total volume. Moreover, domestic coffee machine production in China exceeded the figures recorded by the second-largest producer, Romania, sevenfold. Indonesia ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of domestic electric coffee or tea makers to Cuba?

In value terms, China constituted the largest supplier of domestic electric coffee or tea makers to Cuba, comprising 80% of total imports. The second position in the ranking was held by Panama, with a 10% share of total imports.

What are the leading importers of domestic electric coffee or tea makers from Cuba?

In value terms, Panama $187) remains the key foreign market for domestic electric coffee or tea makers exports from Cuba.

What is the average export price for domestic electric coffee or tea makers in Cuba?

The average domestic coffee machine export price stood at $21 per unit in 2021, waning by -55.3% against the previous year.

What is the average import price for domestic electric coffee or tea makers in Cuba?

In 2021, the average domestic coffee machine import price amounted to $18 per unit, shrinking by -20.9% against the previous year.

This report provides an in-depth analysis of the domestic coffee machine 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 27512430 - Domestic electric coffee or tea makers (including percolators)

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