Report Update Apr 1, 2024

Cuba - Electric Soldering Irons and Guns - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Cuba

In 2021, after two years of decline, there was significant growth in the Cuban electric soldering iron market, when its value increased by 180% to $X. Overall, consumption recorded a prominent expansion. Electric soldering iron consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Electric Soldering Iron Exports

Exports from Cuba

In 2019, after three years of decline, there was decline in overseas shipments of electric soldering irons and guns, when their volume decreased by 0% to X units. Overall, exports showed a precipitous setback. The smallest decline of -50% was in 2016. The exports peaked at X units in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, electric soldering iron exports totaled $X in 2019. In general, exports faced a sharp curtailment. The smallest decline of -19.8% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Guatemala (X units) was the main destination for electric soldering iron exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Guatemala was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Guatemala was relatively modest.

Export Prices by Country

The average electric soldering iron export price stood at $X per unit in 2019, remaining constant against the previous year. In general, the export price saw temperate growth. The most prominent rate of growth was recorded in 2016 an increase of 60%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2019, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.

Electric Soldering Iron Imports

Imports into Cuba

In 2021, after two years of decline, there was significant growth in overseas purchases of electric soldering irons and guns, when their volume increased by 159% to X units. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 439%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, electric soldering iron imports surged to $X in 2021. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 324% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest electric soldering iron supplier to Cuba, with a 48% share of total imports. Moreover, electric soldering iron imports from Spain exceeded the figures recorded by the second-largest supplier, Panama (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-25.1% per year) and Mexico (-25.7% per year).

In value terms, Spain ($X) constituted the largest supplier of electric soldering irons and guns to Cuba, comprising 42% of total imports. The second position in the ranking was held by Panama ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-18.0% per year) and Mexico (-19.0% per year).

Import Prices by Country

In 2021, the average electric soldering iron import price amounted to $X per unit, rising by 15% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2017 when the average import price increased by 81%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Spain ($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 (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric soldering irons and guns in the world?

Nigeria constituted the country with the largest volume of electric soldering iron consumption, accounting for 31% of total volume. Moreover, electric soldering iron consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Taiwan Chinese), sevenfold. The third position in this ranking was held by Indonesia, with a 3.8% share.

What are the largest producers of electric soldering irons and guns in the world?

The country with the largest volume of electric soldering iron production was China, comprising approx. 76% of total volume. Moreover, electric soldering iron production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), sevenfold. Germany ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of electric soldering irons and guns to Cuba?

In value terms, Spain constituted the largest supplier of electric soldering irons and guns to Cuba, comprising 42% of total imports. The second position in the ranking was held by Panama, with a 4.7% share of total imports.

What is the average export price for electric soldering irons and guns in Cuba?

The average electric soldering iron export price stood at $42 per unit in 2019, remaining relatively unchanged against the previous year.

What is the average import price for electric soldering irons and guns in Cuba?

The average electric soldering iron import price stood at $4.8 per unit in 2021, surging by 15% against the previous year.

This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns

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