Cuba: Non-Self-Propelled Fork-Lift Truck Market 2022

Non-Self-Propelled Fork-Lift Truck Market Size in Cuba

In 2021, the Cuban non-self-propelled fork-lift truck market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a deep contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Cuba

In 2021, exports of non-self-propelled fork-lift trucks from Cuba stood at less than X units, almost unchanged from the year before. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-self-propelled fork-lift truck exports totaled less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for non-self-propelled fork-lift truck exports from Cuba, accounting for a approx. X% share of total exports.

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

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

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Cuba

In 2021, after two years of decline, there was significant growth in supplies from abroad of non-self-propelled fork-lift trucks, when their volume increased by X% to X units. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck imports surged to $X in 2021. Overall, imports, however, faced a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest non-self-propelled fork-lift truck supplier to Cuba, with a X% share of total imports. Moreover, non-self-propelled fork-lift truck imports from Spain exceeded the figures recorded by the second-largest supplier, Canada (X units), more than tenfold. The third position in this ranking was occupied by Italy (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Italy (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of non-self-propelled fork-lift truck to Cuba, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2021, the average non-self-propelled fork-lift truck import price amounted to $X per unit, reducing by -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 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 Canada ($X per unit), while the price for Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform