Cuba: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Cuba

In 2021, the Cuban market for domestic, non-electric, cooking or heating appliances decreased by -38.4% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Cuba

In 2021, the amount of domestic, non-electric, cooking or heating appliances exported from Cuba contracted sharply to X kg, which is down by -17.1% against the previous year. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 353% against the previous year. Over the period under review, the exports of attained the maximum at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of domestic, non-electric, cooking or heating appliances shrank to $X in 2021. In general, exports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,259%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The Dominican Republic (X kg) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Cuba, with a 84% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to the Dominican Republic exceeded the volume sent to the second major destination, Panama (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic amounted to +76.0%.

In value terms, the Dominican Republic ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Cuba, comprising 82% of total exports. The second position in the ranking was held by Panama ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Dominican Republic amounted to +83.8%.

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, growing by 12% against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 200%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Panama ($X per ton), while the average price for exports to the Dominican Republic amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+4.4%).

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Cuba

In 2021, supplies from abroad of domestic, non-electric, cooking or heating appliances decreased by -28.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2015 with an increase of 183% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances reduced remarkably to $X in 2021. In general, imports saw a mild reduction. The pace of growth was the most pronounced in 2015 with an increase of 149% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Panama (X tons), Ecuador (X tons) and Brazil (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Cuba, with a combined 75% share of total imports. China, Mauritania, Spain and Belarus lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +51.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance suppliers to Cuba were Panama ($X), Ecuador ($X) and Brazil ($X), with a combined 73% share of total imports. China, Spain, Belarus and Mauritania lagged somewhat behind, together accounting for a further 15%.

Spain, with a CAGR of +43.2%, 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

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, declining by -16.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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