Report Update Apr 1, 2024

Cuba - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Cold-Rolled) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cold-Rolled Steel Products Market 2022

Cold-Rolled Steel Products Market Size in Cuba

After five years of decline, the Cuban cold-rolled steel products market increased by 73% to $X in 2021. Over the period under review, consumption, however, showed a noticeable decrease. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Cold-Rolled Steel Products Exports

Exports from Cuba

In 2020, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported from Cuba; remaining constant against the previous year. In general, exports faced a abrupt setback. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports stood at $X in 2020. Overall, exports recorded a deep slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for cold-rolled steel products exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Austria was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Austria was relatively modest.

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2020, remaining stable against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Austria amounted to 0.0% per year.

Cold-Rolled Steel Products Imports

Imports into Cuba

After five years of decline, supplies from abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 48% to X tons in 2021. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when imports increased by 186%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cold-rolled steel products imports soared to $X in 2021. Overall, imports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 132% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest cold-rolled steel products supplier to Cuba, accounting for a 65% share of total imports. Moreover, cold-rolled steel products imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.8% per year) and Turkey (+2.3% per year).

In value terms, Spain ($X) constituted the largest supplier of cold-rolled steel products to Cuba, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports. It was followed by Turkey, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.5% per year) and Turkey (+0.5% per year).

Import Prices by Country

In 2021, the average cold-rolled steel products import price amounted to $X per ton, jumping by 22% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cold-rolled steel products import price increased by +148.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 47%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+55.3%), 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 flat-rolled products of iron or steel (not further worked than cold-rolled) in the world?

China constituted the country with the largest volume of cold-rolled steel products consumption, comprising approx. 54% of total volume. Moreover, cold-rolled steel products consumption in China exceeded the figures recorded by the second-largest consumer, India, ninefold. The United States ranked third in terms of total consumption with a 5% share.

What are the largest producers of flat-rolled products of iron or steel (not further worked than cold-rolled) in the world?

China remains the largest cold-rolled steel products producing country worldwide, accounting for 57% of total volume. Moreover, cold-rolled steel products production in China exceeded the figures recorded by the second-largest producer, India, ninefold. The third position in this ranking was taken by the United States, with a 4.8% share.

What are the leading suppliers of flat-rolled products of iron or steel (not further worked than cold-rolled) to Cuba?

In value terms, Spain constituted the largest supplier of cold-rolled steel products to Cuba, comprising 67% of total imports. The second position in the ranking was taken by China, with a 24% share of total imports. It was followed by Turkey, with a 5.4% share.

What is the average export price for flat-rolled products of iron or steel (not further worked than cold-rolled) in Cuba?

In 2020, the average cold-rolled steel products export price amounted to $930 per ton, approximately mirroring the previous year.

What is the average import price for flat-rolled products of iron or steel (not further worked than cold-rolled) in Cuba?

The average cold-rolled steel products import price stood at $1,577 per ton in 2021, jumping by 22% against the previous year.

This report provides an in-depth analysis of the cold-rolled steel products 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 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
Prodcom 24104150 - Electrical sheet and strip, grain non-oriented of a width . .600 mm
Prodcom 241041Z0 - Uncoated cold-rolled sheet, plate and strip (including electrical sheet and strip not finally annealed), of a width . .600 mm, of steel other than stainless steel
Prodcom 24104200 - Cold-rolled sheet, plate and wide strip of a width of .600 mm or more (of stainless steel)
Prodcom 24104300 - Flat-rolled products of alloy steel other than stainless, of a width of . .600 mm, simply cold-rolled (excluding products of high-speed steel or silicon-electrical steel)
Prodcom 24321025 - Flat-rolled products of iron or non-alloy steel, of a width of < .600 mm, simply cold-rolled
Prodcom 243210Z1 - Cold-rolled narrow strip and cold-rolled slit strip, of non-alloy steel and of alloy steel (other than stainless steel), of a width < .600 mm
Prodcom 243210Z2 - Cold-rolled narrow strip and cold-rolled slit strip, of stainless steel (excluding insulated electric strip, corrugated strip with one edge serrated or bevelled), of a width < .600 mm

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