Report Update Apr 1, 2024

Cuba - Electronic Machines and Appliances for Testing Materials - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Cuba

In 2021, the Cuban electronic material tester market increased by 34% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Electronic Material Tester Exports

Exports from Cuba

For the third consecutive year, Cuba recorded growth in overseas shipments of electronic machines and appliances for testing materials, which increased by 787% to X units in 2021. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electronic material tester exports skyrocketed to $X in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X units) was the main destination for electronic material tester exports from Cuba, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

In value terms, Switzerland ($X) emerged as the key foreign market for electronic machines and appliances for testing materials exports from Cuba.

From 2019 to 2021, the average annual growth rate of value to Switzerland was relatively modest.

Export Prices by Country

The average electronic material tester export price stood at $X per unit in 2021, reducing by -12.3% against the previous year. In general, the export price faced a sharp decrease. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2019 to 2021, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Electronic Material Tester Imports

Imports into Cuba

In 2021, after four years of decline, there was significant growth in supplies from abroad of electronic machines and appliances for testing materials, when their volume increased by 49% to X units. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 3,737% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electronic material tester imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,518%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electronic material tester to Cuba, with a 87% share of total imports. Moreover, electronic material tester imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.5% per year) and Italy (-31.1% per year).

In value terms, Germany ($X) constituted the largest supplier of electronic machines and appliances for testing materials to Cuba, comprising 88% of total imports. The second position in the ranking was held by France ($X), with a 5.6% share of total imports. It was followed by Panama, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.9% per year) and Panama (-8.7% per year).

Import Prices by Country

The average electronic material tester import price stood at $X per unit in 2021, dropping by -7.5% against the previous year. Overall, the import price, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2020 an increase of 86%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic machines and appliances for testing materials in the world?

China constituted the country with the largest volume of electronic material tester consumption, accounting for 25% of total volume. Moreover, electronic material tester consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.3% share.

What are the largest producers of electronic machines and appliances for testing materials in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Italy, with a combined 52% share of global production. India, Germany, Japan, the UK, Turkey, Russia, France, Taiwan Chinese) and Spain lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of electronic machines and appliances for testing materials to Cuba?

In value terms, Germany constituted the largest supplier of electronic machines and appliances for testing materials to Cuba, comprising 88% of total imports. The second position in the ranking was taken by France, with a 5.6% share of total imports. It was followed by Panama, with a 1.1% share.

What are the leading importers of electronic machines and appliances for testing materials from Cuba?

In value terms, Switzerland emerged as the key foreign market for electronic machines and appliances for testing materials exports from Cuba.

What is the average export price for electronic machines and appliances for testing materials in Cuba?

The average electronic material tester export price stood at $50 per unit in 2021, with a decrease of -12.3% against the previous year.

What is the average import price for electronic machines and appliances for testing materials in Cuba?

The average electronic material tester import price stood at $163 per unit in 2021, reducing by -7.5% against the previous year.

This report provides an in-depth analysis of the electronic material tester 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 26516255 - Electronic machines and appliances for testing the properties of materials (excluding for metals)

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