Report Update Apr 1, 2024

Cuba - Electromagnets and Electromagnetic Lifting Heads - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Cuba

The Cuban electromagnetic lifting head market surged to $X in 2021, growing by 97% 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 mild descent. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports from Cuba

After two years of decline, overseas shipments of electromagnets and electromagnetic lifting heads decreased by 0% to X kg in 2020. Over the period under review, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2018. The exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, electromagnetic lifting head exports totaled $X in 2020. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2018. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

China (X kg) was the main destination for electromagnetic lifting head exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to China was relatively modest.

From 2015 to 2020, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

In 2020, the average electromagnetic lifting head export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 a decrease of 99.9% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

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

From 2015 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Electromagnetic Lifting Head Imports

Imports into Cuba

In 2021, imports of electromagnets and electromagnetic lifting heads into Cuba soared to X tons, increasing by 105% on 2020. Over the period under review, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 652%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, electromagnetic lifting head imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 618% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of electromagnetic lifting head imports to Cuba, together comprising 80% of total imports. Argentina, China, Panama and Austria lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Spain ($X) and Italy ($X) were the largest electromagnetic lifting head suppliers to Cuba, together comprising 85% of total imports. Argentina, Panama, China and Austria lagged somewhat behind, together accounting for a further 8.2%.

Argentina, with a CAGR of +51.1%, 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

The average electromagnetic lifting head import price stood at $X per ton in 2021, dropping by -9.3% against the previous year. Over the period under review, the import price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2013 an increase of 76%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.9%), 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 electromagnets and electromagnetic lifting heads in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 39% of global consumption. These countries were followed by Pakistan, Russia, Nigeria, Japan, Germany, the UK, Mexico, Turkey, South Korea and Thailand, which together accounted for a further 34%.

What are the largest producers of electromagnets and electromagnetic lifting heads in the world?

The country with the largest volume of electromagnetic lifting head production was China, accounting for 24% of total volume. Moreover, electromagnetic lifting head production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of electromagnets and electromagnetic lifting heads to Cuba?

In value terms, Russia, Spain and Italy appeared to be the largest electromagnetic lifting head suppliers to Cuba, with a combined 85% share of total imports. Argentina, Panama, China and Austria lagged somewhat behind, together comprising a further 8.2%.

What is the average export price for electromagnets and electromagnetic lifting heads in Cuba?

The average electromagnetic lifting head export price stood at $62,850 per ton in 2020, remaining stable against the previous year.

What is the average import price for electromagnets and electromagnetic lifting heads in Cuba?

The average electromagnetic lifting head import price stood at $33,041 per ton in 2021, declining by -9.3% against the previous year.

This report provides an in-depth analysis of the electromagnetic lifting head 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 27904060 - Electromagnets and electromagnetic lifting heads, and their parts (excluding magnets for medical use), electromagnetic or permanent magnet chucks, clamps and similar holding devices and their parts, n.e.c.
Prodcom 27904560 -

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