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Cuba - Footwear - Market Analysis, Forecast, Size, Trends And Insights
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Cuba: Footwear Market Overview 2021

Footwear Market Size in Cuba

The Cuban footwear market declined to $X in 2020, with a decrease of -X% 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 saw a abrupt decline. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2020, the growth of the market failed to regain the momentum.

Footwear Exports

Exports from Cuba

In 2020, approx. X pairs of footwear were exported from Cuba; jumping by X% on 2019. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, footwear exports rose rapidly to $X in 2020. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

Suriname (X pairs) was the main destination for footwear exports from Cuba, with a X% share of total exports. Moreover, footwear exports to Suriname exceeded the volume sent to the second major destination, Switzerland (X pairs), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Suriname totaled +X%.

In value terms, Suriname ($X) remains the key foreign market for footwear exports from Cuba, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Suriname totaled +X%.

Export Prices by Country

In 2020, the average footwear export price amounted to $X per pair, dropping by -X% against the previous year. In general, the export price saw a pronounced decline. The growth pace was the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per pair in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Switzerland ($X per pair), while the average price for exports to Suriname stood at $X per pair.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland.

Footwear Imports

Imports into Cuba

In 2020, purchases abroad of footwear decreased by -X% to X pairs, falling for the third consecutive year after two years of growth. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Imports peaked at X pairs in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, footwear imports contracted to $X in 2020. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

Brazil (X pairs), China (X pairs) and Panama (X pairs) were the main suppliers of footwear imports to Cuba, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil, while imports for the other leaders experienced a decline.

In value terms, the largest footwear suppliers to Cuba were Brazil ($X), Panama ($X) and China ($X), together accounting for X% of total imports.

Among the main suppliers, Brazil saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average footwear import price stood at $X per pair in 2020, almost unchanged from the previous year. Over the period under review, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. The import price peaked at $X per pair in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Panama, 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 footwear in the world?
+
The country with the largest volume of footwear consumption was China (3.8B pairs), accounting for 24% of total volume. Moreover, footwear consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.5B pairs), twofold. The third position in this ranking was occupied by Brazil (800M pairs), with a 5.1% share.
What are the largest producers of footwear in the world?
+
The country with the largest volume of footwear production was China (12B pairs), comprising approx. 64% of total volume. Moreover, footwear production in China exceeded the figures recorded by the second-largest producer, Viet Nam (959M pairs), more than tenfold. The third position in this ranking was occupied by Brazil (823M pairs), with a 4.3% share.
What are the leading suppliers of footwear to Cuba?
+
In value terms, Brazil ($8.5M), Panama ($5.8M) and China ($3.2M) were the largest footwear suppliers to Cuba, with a combined 88% share of total imports.
What are the leading importers of footwear from Cuba?
+
In value terms, Suriname ($505K) remains the key foreign market for footwear exports from Cuba, comprising 77% of total exports. The second position in the ranking was occupied by Switzerland ($146K), with a 22% share of total exports.
What is the average export price for footwear in Cuba?
+
In 2020, the average footwear export price amounted to $10 per pair, falling by -14.2% against the previous year.
What is the average import price for footwear in Cuba?
+
The average footwear import price stood at $6.8 per pair in 2020, almost unchanged from the previous year.

Product coverage:
• Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
• Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
• Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
• Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
• Prodcom 15201351 - Men
• Prodcom 15201352 - Women
• Prodcom 15201353 - Children
• Prodcom 15201361 - Men
• Prodcom 15201362 - Women
• Prodcom 15201363 - Children
• Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
• Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
• Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
• Prodcom 15201231 - Town footwear with rubber or plastic uppers
• Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
• Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

This report provides an in-depth analysis of the footwear 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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