Cuba: Folding Boxboard Market 2022

Folding Boxboard Market Size in Cuba

After three years of decline, the Cuban folding boxboard market increased by X% to $X in 2021. Overall, consumption, however, showed a slight slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Folding Boxboard Exports

Exports from Cuba

In 2021, the amount of folding boxboard exported from Cuba amounted to less than X kg, leveling off at 2020. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X kg in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, folding boxboard exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for folding boxboard exports from Cuba, accounting for a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2012 to 2015, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

The average folding boxboard export price stood at $X per ton in 2015, approximately equating the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum in 2015 and is expected to retain growth in years to come.

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

From 2012 to 2015, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Folding Boxboard Imports

Imports into Cuba

In 2021, the amount of folding boxboard imported into Cuba expanded remarkably to X tons, picking up by X% against the year before. Over the period under review, imports, however, recorded a slight descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth imports failed to regain momentum.

In value terms, folding boxboard imports totaled $X in 2021. Overall, imports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Finland (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of folding boxboard imports to Cuba, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of folding boxboard to Cuba, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Finland (+X% per year).

Import Prices by Country

In 2021, the average folding boxboard import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($X per ton), while the price for Russia ($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 (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform